Hollywood, Calif. – June 19, 2011 — Red Herring announced that doxo has been selected to the Red Herring Top 100 leading private companies in North America, in recognition of doxo’s innovations and progress in the market. The digital file cabinet designed to help consumers organize bills and important documents anytime on any device, doxo was selected as a transformative technology that is poised to change the way that businesses and consumers connect and go paperfree.
Red Herring’s editorial staff evaluated the Top 100 candidates on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of each startup’s track record and standing relative to their sector peers, allowing Red Herring to see past the “buzz” to identify the most promising new business models in North America.
“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 of candidates from across North America to the Top 100 Winners. We believe doxo embodies the vision, drive and innovation that define a successful entrepreneurial venture. doxo should be proud of its accomplishment, as the competition was very strong.”
“We’re seeing rapid growth of both businesses and consumers on the doxo network, and we appreciate Red Herring’s recognition of our traction in the market,” said Steve Shivers, doxo co-founder and CEO. “It’s pretty staggering that, in 2011, more than 80 percent of bills and documents are still delivered in the mail. doxo finally solves this problem for both consumers and businesses large and small.”
Red Herring’s Top 100 North America list recognizes the innovation and progress of promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
doxo is the easiest way for businesses and customers to Connect and interact. doxo provides consumers a digital file cabinet that makes it simple to organize household accounts and store important documents from multiple providers all in one place. For businesses, joining doxo makes it easy to connect and interact with customers, deliver documents paperlessly, and get paid with doxoPAY. doxo helps businesses breaks through the barriers to paperless adoption, and dramatically reduce printing, paper and postage costs. doxo investors include top-tier venture firms Mohr Davidow Ventures, Sigma Partners, and Bezos Expeditions, the venture investment fund of Jeff Bezos. The company is led by executives from Qpass, Amazon and Microsoft, who have driven broad consumer adoption of new online services and processed billions of dollars in e-payment transactions. doxo has been recognized as a Red Herring Top 100 for 2011, a Best of the Web by NetBanker, and the 2011 AlwaysOn OnDemand Top 100 Private Companies. doxo is headquartered in Seattle, Washington. More information can be found at www.doxo.com. The doxo iPhone app is available at doxo.com/iphone.