ATLANTA--June 18, 2010--Cardlytics, the pioneer of transaction marketing within banking, announced today that it has been named among the 100 winners of Red Herring's North America 100 award, a prestigious list that honors the year’s most promising 100 private technology ventures from the North American business region. Red Herring’s editorial staff selected the 100 winners according to their technological innovation, management strength, market size, investor record, customer acquisition and financial health. During the several months leading up to the announcement of the finalists, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech and clean tech industries applied for the award. “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 down from hundreds of candidates from across North America to the Top 100 Winners. We believe Cardlytics embodies the vision, drive and innovation that define a successful entrepreneurial venture. Cardlytics should be proud of its accomplishment, as the competition was very strong.” Finalists were invited to present their winning strategies at the Red Herring North America Conference in San Diego, June 22-24, 2010, where the Top 100 winners were announced at a special awards ceremony. In addition to this most recent honor, Cardlytics was also named by the Technology Association of Georgia as a Top 10 Innovative Georgia Technology Company at the recent Georgia Technology Summit. The company continues its expansion of its transaction marketing platform and anticipates more than 10 million consumers will receive Cardlytics offers this fall. “We have a great deal of respect for Red Herring and what it represents in the industry, and our inclusion as a Red Herring 100 North America award winner is something that we are very proud of,” said Lynne Laube, president of Cardlytics. “To be listed alongside 100 of the very best private technology companies in North America certainly validates our strategic vision for Cardlytics and we are excited about what we will achieve in the coming months and years.”
Red Herring is a global media company that unites the world's best high-tech innovators, venture investors and business decision-makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. See http://www.redherring.com for details.
Through a highly relevant, "market-of-one" approach, Cardlytics unites banks and merchants to provide rich rewards to customers based on their individual purchase behavior. Its technology tracks consumers’ actual purchases, providing the first digital channel that can guarantee offline sales and help consumers realize savings of hundreds of dollars per year on the products they purchase every day. The rewards improve consumers’ banking behavior by increasing usage, reducing attrition and strengthening engagement with online banking. Cardlytics’ multi-channel approach includes online banking, SMS, e-mail, mobile, online-mall and social networks.