December 5, 2011 – PaperG (http://www.paperg.com/), a local advertising technology company, announced that Forbes has named it one of America's Top 100 Most Promising Companies. The prestigious list features 100 privately held, high-growth companies hand-selected by Forbes for their compelling business models, strong management teams, notable customers, strategic partners and investment capital. The complete list can be found on Forbes.com or in the December 19th issue of Forbes Magazine, available at newsstands beginning on December 1st.
"It is truly an honor to be recognized by Forbes as one of America's Most Promising Companies," said Victor Wong, CEO of PaperG. "Helping local media companies and small businesses thrive online is core to our mission, and we believe, core to America's economic growth," he added.
San Francisco-based PaperG has over four years of experience helping local businesses advertise and market themselves online. Its PlaceLocal ad technology enables local sales teams to automatically create, manage, and optimize rich-media ads for local advertisers. PaperG works with leading publishers including Hearst, Gannett, and AOL's Patch — in total, its partners include over 100 local media companies and its technology powers over 20,000 local advertisers.
Forbes Executive Editor Brett Nelson shared that Forbes identified America's Most Promising Companies by evaluating measures such as employee turnover and customer sentiment, along with industry factors like growth rates and mergers and acquisitions activity. The goal was to pinpoint companies with "truly scintillating growth prospects — the kind of companies investors love to bet on, customers love to buy from, and talented employees love to work for."
"Being recognized by Forbes Magazine as one of America's top 100 most promising companies is an exciting accomplishment for the PaperG team," said Victor Wong, CEO of PaperG. "While 2011 has been a banner year for our company, our vision for local advertising is just getting started and I'm looking forward for all we have planned in 2012."
PaperG was founded in 2007 when Yale and Harvard students teamed together to reinvent the relationship between local online publishers and the small and medium businesses they serve. CEO Victor Wong, an economics major at Yale, was joined by Chief Operating Officer Roger Lee, an applied mathematics major at Harvard and former publisher of the Harvard Crimson, Chief Technology Officer Victor Cheng, a computer science major at Yale, Chief Financial Officer Ka Mo Lau, an economics major at Yale, and VP Sales Tyler Bosmeny, an applied mathematics major at Harvard.
PaperG's investors and advisors include Brian O'Kelley (CEO of AppNexus), John Kannapell (former head of AOL Search, Local & Maps), Stephen Taylor (former publisher of Boston.com), Mark Potts (founder of WashingtonPost Digital), and Scott Symonds (Executive Media Director at AKQA).
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