Qnext® Selected as a 2018 Red Herring Top 100 North America Finalist

Recognized As One of the Technology Industry's Most Exciting and Innovative Private Companies
By: Qnext Inc
TORONTO - June 18, 2018 - PRLog -- Qnext®, the developer of FileFlex™, a content collaboration platform with no cloud required, today announced that it has been selected as a 2018 Red Herring Top 100 North America finalist, a recognition of the technology industry's most exciting and innovative private companies.

Out of over 1200 of prospective technology start-ups, Qnext was selected based on 20 main quantitative and qualitative criterion, which include disruptive impact, market footprint, proof of concept, financial performance, quality of management, execution of strategy, investor record, customer acquisition, financial health, the viability of its business model,  technology and degree of innovation, and a peer review where judges reached out to experts that also evaluated the growth/revenue projections and ability to succeed. This is the same process that Red Herring used to recognize and identify early such companies as Google, Twitter, Facebook, LinkedIn, Yahoo, Skype, Slack, YouTube, Instagram, Salesforce.com, Tumblr, Reddit and eBay when they also were just startup innovators.

As a result of the Red Herring Top 100 selection, Qnext has been invited to present at Red Herring's Top 100 North America event at Marina Del Rey California June 18-20, 2018.

"We are proud to be named a finalist of the Red Herring Top 100 North America award," said Anthony DeCristofaro, president and CEO of Qnext.  "I want to thank our investors, partners and incredible employees for their hard work, dedication and perseverance toward developing a disruptive technology that is already transforming the landscape of the content collaboration industry."

"This year was rewarding, beyond all expectations," said Alex Vieux, publisher and CEO of Red Herring. "There are many great companies generating really innovative and disruptive products in North America. We had a very difficult time narrowing the pool and selecting the finalists. Qnext shows great promise and therefore deserves to be among the finalists. Now we're faced with the difficult task of selecting the Top 100 winners of Red Herring North America. We know that the 2018 crop will grow into some amazing companies that are sure to make an impact."

Qnext is the developer of FileFlex, the first remote access, sharing and collaboration platform secured by hardware that lets users securely access files and folders from source locations without moving files to the cloud.  FileFlex Enterprise leverages the secure enclaves of Intel® vPro™ technology and is an advanced solution based on edge technology, security hardened at the chip-level, that deals with the real issues of data residency, privacy, security, file duplication and auditability that are challenges for traditional cloud based solutions.

FileFlex reduces an organization's security risks by enabling a user to simply and easily provide secure remote access to files from their source locations behind the firewall. Since no files are moved, uploaded, or duplicated, the organization is not at risk of placing their data in the hands of a third party, which aids government and privacy compliance requirements such as HIPAA and GDPR.

FileFlex includes a powerful Content Collaboration Platform (CCP) capability that does not duplicate or sync content to a secondary location or third-party server. Activity tracking, audit trail, version control, file locking, a unified workflow across devices, and simple, secure access make individuals and teams more productive and protects company information. The solution gives a significantly reduced threat surface, a simplified storage structure and governance, risk management and compliance (GRC) under company control.  It supports AES 256 encrypted hybrid point-to-point communication, two-factor authentication, active directory integration, and activity log for operation and incident management to offer a much lower risk posture with minimal impact on existing processes and infrastructure.

About Qnext

Qnext is a leading developer of innovative technologies and solutions that change the way individuals and organizations use, share and secure data. The company is working with semiconductor companies, original equipment manufacturers (OEMs), managed service providers (MSPs) and resellers worldwide. For more information please visit http://www.fileflex.com.

Philip Bliss

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