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Turkey’s AirTies, founded by entrepreneur Bülent Çelebi, and Egypt’s TA Telecom, founded by Amr Shady, were named Red Herring Top 100 Global Companies. AirTies is an innovative developer of wireless networking equipment with worldwide sales and became Endeavor Catalyst’s first investment in MENA in 2012. With operations across the Middle East and Africa, TA Telecom’s services range from demographically-targeted SMS advertising to custom content delivery platforms. Every year, the Red Herring Top 100 recognizes companies like these that are on the cutting edge of technology and innovation.
Award winners are selected based on their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. The Red Herring editorial team selects and evaluates companies on 20 main quantitative and qualitative criteria including disruptive impact, market footprint, financial performance, technology innovation, social value, and more.
“Innovation in data analytics is reshaping the global tech map,” said TA Telecom’s Amr Shady. “This prestigious award not only crowns TA Telecom’s efforts in that field, it demonstrates that African and Arab companies have joined the global tech race, playing a key role in shaping the future of data and mobile technology.”
Selected by Endeavor in 2011, TA started as a value-added services (VAS) mobile solutions provider that delivers time- and location-specific content to subscribers. With operations across the Middle East and Africa, TA’s services range from demographically-targeted SMS advertising to custom content delivery platforms. Servicing over 10 million subscribers, TA is also working towards international growth with an expansion into South Africa supported by Endeavor. Since joining the network, Amr has been an active promoter of the organization’s work, serving as a mentor and board member for Endeavor Egypt. As a panelist at International Selection Panels, he has also played a key role in selecting new generations of entrepreneurs in the pipeline.
“We are delighted to be amongst the most promising 100 global companies, recognized by Red Herring,” said Philippe Alcaras, current CEO of AirTies. “This award confirms our leading position in the home wireless market and highlights our persistence in delivering advanced Wi-Fi technology to every corner of the home.”
AirTies was founded in 2004 by a senior management and technical team from Silicon Valley, with the strategic intent to become the market leader for the wirelessly connected home. AirTies designs and develops its own software and hardware, wirelessly streaming high definition video to multiple rooms and screens. The comprehensive product portfolio includes broadband Internet devices and Internet based television set top boxes. The company joined the Endeavor network in 2006 and founder Bülent has since given back by serving as an Endeavor Turkey board member, mentor and panelist.
Learn more about the news from AirTies by clicking here and from TA Telecom by clicking here.
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