Three Area Companies Make Red Herring 100
The Red Herring 100 North America is out. For those of you who are a little younger, the Red Herring was sort of the bible for the VC/Tech
Startup community in the 90's, though it never recovered from the tech crash and has been through several lives since then. However, being named to the Red Herring 100 still carries some cachet, though I've always found it to be rather Silicon Valley-centric.
Three companies in the broader Philadelphia region were included: Invidi, the heavily funded Princeton developer of addressable advertising technology for cable systems, AirClic, the Trevose company that ran through a few hundred million in venture funds before finally finding a viable business model using wireless technology to optimize mobile business processes, and a company I had not heard of before-Weather Trends International
of Bethlehem-which appears to be a competitor to Planalytics of Wayne.
Other companies of local interest include Bluenog, the open source software company basesd just a ways up the road in Piscataway and backed by NewSpring Capital of Radnor, Aster Data Systems, a First
Round Capital portfolio company based in California, and Jaspersoft, an open source business intelligence vendor partially backed by SAP
Ventures.
The only other Pennsylvania company I noticed was from the startup hotbed of Altoona: a company called INRange Systems which provides systems to monitor and reduce the rate of error for at-home medications.
