Lebanese Firm, Transterra Media SAL, Recognized as a Top 100 Asia Company

Hong Kong - Red Herring announced its Top 100 award in recognition of the leading private companies from Asia, celebrating these startups’ innovations and technologies across their respective industries. Transterra Media SAL was the only Lebanese company to receive the award this year, a press release said on Monday.

"From Hong Kong to Beirut and everywhere in between, this is for all of our journalists and the Transterra Media team,” said Mr. Jonathan Giesen, Co-Founder and CEO of Transterra Media.

“We are building the future of news, together. Thank you from the bottom of our hearts. This could never have been achieved without you,” he added.

"Journalistic talent has no borders, and it has never been in higher demand. Transterra Media is the one global marketplace that gives access to this talent, nurtures it, and enables the great humane journalism that we all should expect," said Mr. Henri Asseily, lead investor of Transterra Media and founder of BizRate and Shopzilla.

Red Herring’s Top 100 Asia 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, the press release said.

“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 Asia to the Top 100 Winners. We believe Transterra Media SAL embodies the vision, drive and innovation that define a successful entrepreneurial venture. Transterra Media SAL should be proud of its accomplishment, as the competition was the strongest it has ever been.”

Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration.

This assessment of potential is complemented by a review of the track record and standing of startups relative to their peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Asia, the press release concluded.