Financial Engines
FINANCIAL ENGINES NAMED ONE OF THE RED HERRING 100 SPRING 2007
Award Recognizes the 100 "Most Promising" Companies Driving the Future of Technology
PALO ALTO, Calif., June 27, 2007 – Financial Engines, Inc., a leading provider of independent investment advice and managed accounts to 401(k) plans, today announced that it has been named a recipient of Red Herring 100 Spring, an award given to the top 100 private technology companies based in North America.
"As a financial services company, Financial Engines is honored to receive this designation from Red Herring, as it is further validation of our use of technology to help those who need it most save and invest wisely for retirement," explained Jeff Maggioncalda, president and CEO of Financial Engines. "High-quality, independent investment advice is no longer only accessible to the wealthy. Technology gives us the ability to deliver high-quality investment advice and management at an affordable cost to hard-working Americans who have been underserved in the past."
Red Herring’s annual lists of top private companies are an important part of the company’s tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google, eBay and Skype were spotted in their early days by Red Herring editors, and touted as leaders that would change the way we live and work.
"Having received more than 800 submissions, it is clear that we are witnessing a new outburst of creativity." says Joel Dreyfuss, Editor-in-Chief of Red Herring. "With venture capital flowing again, it’s exciting to see technology innovators and business investors collaborate to create disruptive technologies. The Red Herring 100 North America companies are impressive up-and-comers, and definitely the ones to watch."
Red Herring’s editorial staff rigorously evaluated more than 800 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development. This year marks the 10th anniversary of the Red Herring 100 Awards.
About Red Herring
Red Herring is a global media company which unites the world’s best high technology 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. More information about Red Herring is available on the Internet at www.redherring.com.
About Financial Engines
Financial Engines is a new breed of investment advisor providing personalized investment advice and portfolio management to 401(k) participants. Founded by Nobel Prize-winning economist, William F. Sharpe, Financial Engines serves millions of employees at many of America's largest corporations. Patented advice technology and institutional-quality investment methodology allow Financial Engines to offer an array of advisory services to meet the needs of a wide range of investors. For more information, please visit www.financialengines.com.
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