Press release
Adaptik Selected as a Red Herring Top 100 North America Tech Startup
June 16, 2011 - Bethlehem, PA - Adaptik Corporation, providers of adaptive policy administration solutions for the P&C insurance industry, today announced that they have been selected as a Red Herring Top 100 award recipient. This award recognizes the leading private companies across North America and celebrates their innovation, technology and way of doing business.Red Herring evaluated over 1,200 applicants on a range of criteria including financial performance, technology, innovation, management quality, strategy and market penetration. Adaptik Corporation was selected from 200 finalists to be one of the 100 award recipients.
"Choosing the companies with the strongest potential was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe Adaptik embodies the vision, drive and innovation that define a successful entrepreneurial venture. Adaptik should be proud of its accomplishment, as the competition was very strong."
"We are honored to be included in this year's Red Herring 100," said John Pettit, President and CEO of Adaptik Corporation. "This award is a validation of our technology, innovation and hard work over the last 11 years. We look forward to building upon this recognition and to continue to provide P&C insurers with a flexible and easy-to –use policy administration solution.
"The final stage of judging and a live presentation took place at the Red Herring North America Forum in Hollywood, California, June 13-15. The 2011 Top 100 were announced at a special award dinner on June 15.
About Adaptik Corporation
Adaptik, the creator of PolicyWriter, develops highly adaptive policy administration software solutions that are designed to improve speed-to-market for new products and scale to support large numbers of users and high transaction volumes. Adaptik provides P&C insurers with advanced business functionality while substantially lowering the risks and costs associated with policy administration system replacement and maintenance. For additional information on how PolicyWriter can help transform your business visit adaptik.com
About the Red Herring 100 North America Award
Since 1996, technology industry executives, investors, and strategists havevalued the Red Herring 100 lists as an instrument for discovering and advocating the most promising private ventures from around the world.
Altitude Marketing
417 State Road, 2nd Floor
Emmaus, PA 18049
(610) 421-8601
Gwen Hoover
Altitude Marketing
(610) 421-8601
Gwen@altitudemarketing.com
Laura Ford
Adaptik Corporation
800.306.1062 ext. 109
lford@adaptik.com
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