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Parsable Recognized as Winner of Red Herring Top 100 North America Award

Company Provides Connected Worker Platform to Accelerate the Transition to Industry 4.0

LOS ANGELES–Parsable, the developer of a connected worker platform that enables manufacturing employees to collaborate together in paperless, mobile, and digital business processes, was recently selected for the Red Herring Top 100 North America award for 2017. The award, announced by Red Herring, celebrates Parsable's "market traction, growth, and solution fit."

Red Herring Top 100 North America recognizes outstanding entrepreneurs and the most promising companies that are most likely to become a large enterprise. It selects the award winners from the thousands of companies that are privately financed each year in the U.S. and Canada.

"As more businesses undergo digital transformation, the adoption of technologies like Parsable's represent a social and economic shift towards transparency and accountability," said Alex Vieux, publisher and CEO of Red Herring, in a press release. "A SaaS platform with high design and end-user-focused mobile apps is how everyone wants to work today. By giving people what they want and need, Parsable is poised to transform the industrial sector."

Parsable's Industry 4.0 Connected Worker platform is said to help companies transform paper-based work instructions and tasks into digital business processes where work is seamlessly orchestrated and measured. Employees know exactly what they need to do, as well as how and when to do the work, according to Parsable. The platform collects tens of thousands of data points every day from people and machines, and then uses the data to drive insights and rapid continuous improvement in the way that work is performed.

"At Parsable, we set out to transform how industrial work gets done," said Parsable CEO Yan-David Erlich, in the release. "We are now mission-critical in some of the largest global industrial companies. We help these industry leaders reduce costs and make them more agile and competitive every day. It's an honor to be recognized for our efforts by peers and investors in our industry with the Red Herring Top 100 Award."

Parsable (www.parsable.com), founded by veterans of Google, Microsoft, SAP, Oracle, and YouTube, is headquartered in San Francisco, with offices in Austin and Vancouver. The company's customers include Schlumberger, Scientific Drilling, TechnipFMC, Unilever, Zume, and other category leaders in consumer packaged goods, manufacturing, and energy.