VANCOUVER, British Columbia – September 30, 2002 – ActiveState Corp., the leader in applied open source, is honored to receive the Venture All Stars award for 2002. Thirty-nine of the Pacific Northwest’s top venture-backed companies were presented the award on Sept. 27, 2002, by the Investment Forum, a non-profit organization that promotes promising new companies to the business and investment community.
In order to be selected, Venture All Star companies had to meet multiple business and funding criteria indicative of future success, including strong management and financial backing. The venture investing community believes these companies have a demonstrated ability to follow in the footsteps of the region’s most successful growth businesses, such as Microsoft, Starbucks, Costco, Amazon.com and Immunex, to name a few that relied on private venture funds to grow. More details on the selection process are available here.
