We are pleased to report that our friends at PacketFront recently received a Red Herring 100 Europe award.
Red Herring is a publication that features innovative and entrepreneurial technology. Receiving a Red Herring award is a pretty big deal as they really pay attention to what folks are doing and how well they’re doing it.
PacketFront is recognized as being a pioneer in open-access broadband networking. They provide technology to support open access networking and they support a very entrepreneurial approach to providing an open network to a community. PacketFront promotes an approach that provides a profit-sharing type model between the open network provider and providers who support end customers.
It’s a model based on a rising tide lifting all boats – that’s my description not theirs. They’re more eloquent than that. Recently the Blandin Foundation hosted Matt Wenger from PacketFront in Minnesota. We blogged about his visit last week. (You can learn more about the PacketFront award on their web site.)
You can get a complete list of Red Herring winners from their press release.
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So this company is one of 99 other companies that got this? This type of Award isn’t very prestigious if 99 others get it too.
Based on what it says on their website, Red Herring gives out 100 of these, invites you to their “investor conference” and lets the investors (who happen to sponsor the event) get dibs on who they want to meet with. Its not much of an Award.
Besides, the journalists pick these so called Awards…no research, no methodology, no criteria for selection….just who ever they like…seems like a big scam to me.
I like to read the Red Herring awards; I think they do a good job. But I certainly understand what you are saying. I just got an email invitation to nominate myself for the “prestigious Princeton award”. I’m pretty sure that was a scam to get me to buy the directory of other award recipients.
That being said, I do like the Red Herring awards. Thanks! Ann
JD Power Awards, though they primarily deal with B2C stuff, are pretty legit as they use research audits to back their Awards. Frost & Sullivan has research to back their Awards as well but most of these other Awards like Red Herring don’t seem to have any value to the customer. A magizine reporter likes your company, which is good, but does that lend any credibility to your product or service? Does it show how you rank against competitors? It really doesn’t which is why I don’t put much stock into them
Even the Gartner Awards have a catch.
I heard that Gartner Awards only go to companies in their “Magic Quadrant’ listing. I think you have to spend quite a bit of money just to be in the Magic Quadrant so I guess you can buy your Gartner Award if you like 🙂
I’m still looking to see if JD Power and Frost are the only “true” awards but haven’t found any others that match up to those two yet. – Randy