MOUNTAIN VIEW, CA -- (Marketwired) -- 05/09/13 -- Red Herring announced today that Jasper Design Automation has been selected as a finalist for Red Herring's Top 100 North America award, a prestigious list honoring the year's most promising private technology ventures from the North American business region.

Red Herring has been selecting the most exciting and promising start-ups and "scale ups" since 1995. Finalists are evaluated individually from a large pool of hundreds of candidates based across North America. Twenty major criteria underlie the scoring and process. They include, among others: the candidate company's addressable market size, its IP and patents, its financing, the proof of concept, trailing revenues and management's expertise. The list of finalists often includes the best performing and prominent companies of that year.

This unique assessment of potential is complemented by a review of the company's actual track record and standing, which allows Red Herring to see past the "buzz" and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.

2013 will be remembered as a special vintage. "The finalists list confirms the excellent choices made by entrepreneurs and VCs and the start-ups' solid roots in corporate America, embracing their innovations. By all metrics, it emphasizes the United States' entrepreneurial excellence," said Alex Vieux, publisher and CEO of Red Herring.

"Our substantial growth as a company is evidence of the value that we provide our customers in terms of increased engineering productivity and risk mitigation," said Kathryn Kranen, President and CEO of Jasper Design Automation. "We are delighted to be recognized as a finalist in the Red Herring 100 North America for our innovations in both technology and business."

Finalist selections for the 2013 edition of the Red Herring 100 North America award are based upon technological innovation, management strength, market size, investor record, customer acquisition and financial health. During the several months leading up to the announcement, hundreds of companies in the fields of security, Web 2.0, software, hardware, life sciences, cloud, mobile and others completed their submissions to qualify for the award.

Finalists are asked to present their winning strategies at the Red Herring North America Forum in Monterey, Calif., May 21 to 23, 2013. The Top 100 winners will be announced at a special awards ceremony the evening of May 23 at the event.

Please follow the Red Herring conference at https://twitter.com/digitalherring hashtag #RedHerring100

About Jasper Design Automation
Jasper delivers industry-leading EDA software solutions for semiconductor design, verification, and reuse, based on state-of-the-art formal technology. Customers include worldwide leaders in wireless, consumer, computing, and networking electronics. Jasper technology has been an integral part of over 150 successful chip deployments. Jasper, headquartered in Mountain View, California, is privately held, with offices and distributors in North America, South America, Europe, and Asia. Visit www.jasper-da.com to reduce risks, increase design, verification and reuse productivity; and accelerate time to market.

Jasper Design Automation and the Jasper Design Automation logo are trademarks or registered trademarks of Jasper Design Automation, Inc. All other trademarks mentioned are the property of their respective companies.