(Raleigh, N.C.) KnowledgeTree, provider of online document management solutions that allow businesses to share content and control document processes, today announced that it has been selected as one of this year’s Red Herring 100 North America Winners. Celebrating the innovations and technologies of North America’s top one hundred private companies, Red Herring’s Top 100 Award has become a mark of distinction for identifying the most promising new companies and entrepreneurs across their respective industries.

The Red Herring Top 100 Award acknowledges KnowledgeTree’s solid momentum across key growth areas including revenue, customer wins and partner acquisitions. It comes close on the heels of the recent launch of KnowledgeTree’s enhanced SaaS solution for small and medium sized businesses, which emphasizes the ability to control and manage document-based business processes.

“It is an honor to be named one of this year’s top 100 private companies and we are proud to be recognized by Red Herring for our continued innovation in online document management,” said Daniel Chalef, CEO of KnowledgeTree. “This award, along with the tremendous growth we have experienced, offers true validation of our commitment to provide secure, affordable, intuitive online solutions that enable organizations to unlock the value of their documents.”

This year’s winners were chosen based on a detailed evaluation process involving 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 sector 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 North America.

“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 North America to the Top 100 Winners. We believe KnowledgeTree embodies the vision, drive and innovation that define a successful entrepreneurial venture. KnowledgeTree should be proud of its accomplishment, as the competition was very strong.”

After narrowing down the list of 200 finalists, the Red Herring editorial team then selected the top 100 winners, who were recently honored at the 2010 Red Herring North America event on June 24.

About KnowledgeTree

KnowledgeTree makes sharing content and controlling document processes simple with secure, affordable online document management solutions for SMBs. Designed for business professionals, KnowledgeTree is easy to use, does not require extensive training and enables content to be accessed and managed anytime, anywhere via cloud computing. Rich and open APIs allow for seamless integration of popular third party business applications. KnowledgeTree accelerates return on investment by streamlining document-centric business processes and increasing collaboration with workflow, document alerts, version control and full transaction histories. KnowledgeTree is headquartered in Raleigh, North Carolina. For more information or for a free 30-day trial, visit: www.knowledgetree.com. Follow us on Twitter @knowledgetreesw.

About Red Herring

Red Herring is a global media company which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at http://www.redherring.com/.