05 May

Avadencia is a Finalist for the 2014 Red Herring Top 100 North America Award

Company Will Present Its Innovative Job Cost Forecasting Software in May Competition

Laguna, CA – May 5, 2014 – Avadencia is proud to announce it has been named a 2014 Red Herring Top 100 North America Finalist. From hundreds of applicants, Avadencia was named to the finalist list reflecting the top 100 private companies across the region, selected for their technological innovation, management strength, market size, investor record, customer acquisition and financial health.

Avadencia’s self-titled software includes a full suite of innovative features designed to vastly improve the accuracy of job cost forecasts and the business intelligence gained from them. For the first time, sophisticated, project-based businesses including those in the construction, oil and gas, manufacturing, and aerospace industries, have complete control over the forecasting process. The construction industry’s leading trade magazine, Constructech Magazine, has called Avadencia “A crystal ball for construction.”

Avadencia CEO Michael Saddik said, “Avadencia has devoted itself to solving the longstanding problems of job cost forecasting with better technology. We are honored to be recognized for these innovations, and look forward to presenting our work.”

Avadencia’s multidisciplinary team designed the forecasting software to surpass industry standards and provide solutions Project Managers and forecasters have been looking for. The cloud software boasts a number of time-saving features including Instant Recall™, a detailed line item history; mobile collaboration tools; a unique singular, comprehensive spreadsheet view; graphically appealing, intuitive user interface; and a number of other tools to track project health and keep stakeholders informed. The combination of these features give users more insight into the factors influencing forecasts than has been previously available. The company recently released its mobile application to the App Store, enhancing the ability of users to input information and interact with forecasts while in the field.

Alex View, publisher and CEO of Red Herring, said this: “The finalists list confirms the excellent choices made by entrepreneurs and VCs and the start-ups’ solid roots in corporate America, embracing their innovations. By all metrics, it emphasizes the United States’ entrepreneurial excellence,” said Alex Vieux, publisher and CEO of Red Herring.

Avadencia will present its cloud-based forecasting software in the final round of judging, on May 16th at 4:30pm at the Red Herring 100 North America event in Monterey, California.

About Avadencia:

Avadencia (www.Avadencia.com) is a computer software and consulting company specializing in project portfolio job cost forecasting for aerospace, construction, oil & gas and infrastructure-related industries. The company is based in Laguna Beach, California.

Forward Looking Statements: This press release may contain forward-looking statements relating to Avadencia’s performance that are based on management’s current expectations, estimates and projections. Actual future performance, outcomes and results may differ materially from those expressed in forward looking statements as a result of a number of risks, uncertainties, assumptions and other factors, some of which are beyond Avadencia’s control and are difficult to predict. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Media Contact: Georgia Nammour gnammour@Avadencia.com

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