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ShareThis Named One of America's Most Promising Companies by Forbes(December 01, 2011)
PALO ALTO, CA -- (Marketwire) -- 12/01/11 -- ShareThis, the world's largest platform for sharing and influence, today was named one of America's 100 Most Promising Companies by Forbes. ShareThis reaches nearly 85 percent of the US population online across more than one million Web sites, and creates powerful insights based on Web-wide sharing activity used by both publishers and advertisers. The company's platform, an industry standard for sharing, drives economic value for the entire online ecosystem with innovative products such as the Social Quality Index, a new methodology to measure the social quality of sites across the Web. ShareThis was chosen from thousands of applicants for the Forbes list, giving further validation to its vision and the value it provides its customers.
"This is a huge honor that lends credence to the amazing growth we've experienced over the course of this year," said Kurt Abrahamson, CEO of ShareThis. "We've created a platform that turns sharing behavior into true value for publishers and advertisers, through active contact with consumers. We pride ourselves on the strength of our technology platform and our expansive reach that delivers proven results to our partners. We look forward to taking our offerings to even greater heights in the years to come."
Forbes' list of America's Most Promising Companies features 100 privately held up-and-comers with compelling business models, strong management teams, notable customers, strategic partners and precious investment capital.
"Sizing up younger, privately held companies is hard: Their fortunes can change very quickly and there's a dearth of public data," says Forbes Executive Editor Brett Nelson. "We took a more comprehensive approach to evaluate their health and potential."
To sharpen its search, Forbes teamed up with CB Insights, a Manhattan-based data firm that tracks investment in high-growth private companies. With $650,000 in grants from the National Science Foundation, CB has developed complex software called Mosaic that mines myriad online sources (from press releases and social networks to job boards and court filings) to come up with one, algorithmically derived score that measures a private company's health. Forbes married Mosaic's data-crunching with old-fashioned reporting to assemble a list of rising stars with bright growth prospects. To view the complete the list, please visit www.forbes.com/ampc.
ShareThis is the largest market for sharing and influence across the Web, reaching nearly 85% of the US population online across more than 1 million sites. The ShareThis platform turns proprietary sharing data into powerful insights that allow publishers and advertisers to create deeper relationships between consumers, content and brands. Based in Palo Alto, CA, with offices in New York and Cincinnati, the company is privately held with funding from Draper Fisher Jurvetson, Blue Chip Venture Company, DFJ Mercury, Illinois Ventures, Matthew Pritzker Company, Queen City Angels, RPM Ventures and Reservoir Partners.
Aly Brady or Sara Suddes
sharethis (at) launchsquad (dot) com
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