Avadencia Wins 2014 Red Herring Top 100 Global

Project Forecasting and Forensic Cloud Software Receives International Award

LAGUNA, CA–(Marketwired – Dec 3, 2014) – Red Herring announced Avadencia as a Red Herring 100 Global Winner at its Los Angeles event. Red Herring announced its Top 100 Globalin recognition of the leading private companies from North America, Europe, and Asia today, celebrating these startups’ innovations and technologies across their respective industries. The Red Herring 100 Global list has become a mark of distinction for identifying 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.

Avadencia’s innovative project forecasting and forensic software was selected from thousands of companies across 40 countries. The competition assesses 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.

Alex Vieux, publisher and CEO of Red Herring says, “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across the globe to the Top 100 Winners. We believe Avadencia embodies the vision, drive and innovation that define a successful entrepreneurial venture.”

Avadencia’s self-titled software improves project forecast accuracy with a full, dynamic suite of features and resulting business intelligence. The software is a major innovation for project-based businesses such as construction, oil and gas, manufacturing, and aerospace industries, which can now manage the fine details of forecasting when large, distributed teams are involved, providing clarity and insight never before offered. The construction industry’s leading trade magazine, Constructech Magazine, has called Avadencia “A crystal ball for construction.”

Avadencia’s multidisciplinary team designed the forecasting software and its intuitive interface to surpass industry standards and provide new capabilities for Project Managers and forecasters alike. The cloud software’s time-and money-saving features including Instant Recall™, a detailed line item history; mobile collaboration tools; a unique singular, comprehensive spreadsheet view; graphically appealing, and a number of other tools to track project health and keep stakeholders informed. Its mobile application, allows users to input information or actively interact with forecasts even from the field.

Avadencia CEO Michael Saddik says, “It is an honor to have Avadencia join the prestigious list of Red Herring winners past and present. We are proud to be recognized for innovating forecasting software and, with it, how business is done.”

About Avadencia:

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

Media Contact: Georgia Nammour gnammour@Avadencia.com