I'm pleased to announce that Ping was recognized last week as a Red Herring Top 100 company. Several hundred companies are nominated every year, and the list is reduced to about 200 by a panel of judges and a review of business metrics. Finalists are then asked to come present in front of a Red Herring judge, and from that, 100 companies are selected.
It was a great experience for me personally because I was able to sit in a dozen or so presentations by other companies. Wow, the talent, scale and business performance by many of the companies I saw was seriously impressive. It's always humbling to see what others have achieved. But by the same token, I was approached by several after our presentation congratulating Ping on our success. One individual even said they had sat next to one of our employees on a plane, and was impressed by the enthusiasm and the details of life and culture at Ping. That comment might have meant the most to me personally.
About the Red Herring Award
The Red Herring Top 100 award highlights the most innovative and promising companies from a pool of hundreds from across North America each year. The Finalists are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, IP creation, CAGR, execution of strategy, and disruption in their respective industries.