PRZOOM - /newswire/ -
Glasgow, Strathclyde, Scotland, 2011/11/29 - Scottish based, Moviecom.tv announced that it has been selected as the only Scottish finalist for Red Herring's 2011 Top 100 Global award a prestigious recognition honoring the year’s most audacious and far reaching private technology companies.
Today, Scottish based, Moviecom.tv announced that it has been selected as the only Scottish finalist for Red Herring's 2011 Top 100 Global award, a prestigious recognition honoring the year’s most audacious and far reaching private technology companies and entrepreneurs from across the globe.
Moviecom.tv is an online video platform that empowers businesses to communicate their true value and increase revenue through video. With online video usage fast becoming one of the most powerful communications tools for businesses, Moviecom.tv has entered the market with its unique offering at exactly the right time. With over 2,100 companies already live on the Moviecom.tv platform the company is now breaking into the UK market. Working with international brands such as UBM, Staples and Cisco as well as sport clubs and a plethora of SME's, the company has found a niche market for a B2B audience to truly engage through online video.
This month Moviecom.tv began its expansion into the US market as part of a UKTI mission, presenting to investment audiences and strategic partners in New York and Philadelphia.
The Red Herring editorial team selected the companies demonstrating the most innovative technologies and business models originating from over 1000 companies from over 40 nations. These companies, representing past Red Herring Asia, Europe and North America awards, are judged on a range of qualitative and quantitative metrics, including but not limited to, technology innovation, financial performance, growth criterion, management's execution standards, potential globalization of the strategy and market share improvement.
Red Herring editors were among the first to recognise that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce, YouTube, and eBay would change the way we live and work. Red Herring’s Top Global 100 list has become a mark of distinction for identifying promising new companies and entrepreneurs. The winners will be announced on the 7th December in Los Angeles during Red Herring’s Annual Global Conference.
“Technology companies are becoming the bright spot in the economic outlook based on their increasing role within macro-economic environments.“ Stated Alex Vieux, Chairman of Red Herring. “2011 has confirmed the sector's vibrant activity and its resilience to widespread economic problems. An unprecedented number of entrepreneurs are attempting to jump ahead of the competition and aspire to make a difference. Breakthroughs obsolete each other faster than ever before. Moviecom.tv has performed exceptionally in its field and strongly deserves to be singled out as one of the Red Herring Global Finalists.
Kev O'Neil, CTO Moviecom.tv added,"We are delighted to be the only Scottish finalist in these awards. Being nominated demonstrates the innovation, drive and amazing company culture that we have created with Moviecom.tv. It is fantastic to be recognised for this achievement and to sit alongside some of the most innovative, digital companies in the world."
Moviecom.tv has received a second round of seed funding and is currently investment raising in a UK & US market. Moviecom.tv was founded by Gillian & Kev O'Neil, seasoned entrepreneurs in a digital market. The company is currently privately backed by angel investors Kevin and Vincent Moore.
• Online video is the fastest growing medium in the history of the world (Comscore);
• Internet Retailer reports that visitors who view product videos are 85% more likely to buy than visitors who do not. (Internet Retailer, April 2010);
• Retail site visitors who view video stay two minutes longer on average and are 64% more likely to purchase than other site visitors. (Comscore, August 2010);
• With proper optimisation, video increases the chance of a front-page Google result by 53x. (Forrester, January 2010).