doxo Wins Red Herring Global 100 Award

December 13, 2011

doxo Selected Based on Product Innovation and Market Penetration

SEATTLE, Dec 13, 2011 -- doxo, the all-in-one digital file cabinet and e-payment solution, today announced that doxo has been named a 2011 Red Herring Global Top 100 winner. Selected from a field of leading global companies, doxo was recognized due to the success of its transformative technology that changes the way businesses and consumers connect and go paperfree. doxo was selected as a Global Top 100 winner after first being selected as a Red Herring North America Top 100 winner in June 2011.

"Choosing the best out of the previous two years was by no means a small feat," said Alex Vieux, Chairman of Red Herring. "After rigorous contemplation, we chose doxo for their breakthrough model and the accelerated pace of their key customer wins, which separated the company from the pack and made them a clear winner. doxo should be extremely proud of its achievement, as the competition for the Top 100 was fierce. The Top 100 Global are truly the best of the best."

The number of companies using the doxo network to connect and go paperfree with their customers has grown rapidly, and now includes Sprint, AT&T, Puget Sound Energy, Kansas City Power & Light, Sound Community Bank, Oregon Federal Credit Union and many more. doxo users connect with businesses on doxo to immediately turn off paper mail and start receiving bills and statements directly into their digital file cabinets. In addition, doxoPAY makes it simple for customers to manage and automate bill payments all in one place, without having to link away to various sites to manage accounts.

"We are pleased that Red Herring recognized doxo's commitment to making it simple for consumers to organize household accounts, pay bills online and go paperfree," said Steve Shivers, CEO of doxo. "We've seen terrific growth on our network, enabling thousands of customers to connect and go paperfree with providers every month, and helping businesses significantly reduce mailing and payment processing costs while improving the customer experience overall. Being selected as a Red Herring Global 100 company after its rigorous evaluation process validates this continued advancement."

To sign up for your own personal doxo account, visit doxo.com. To download the doxo mobile app, visit doxo.com/iphone. Businesses can learn more and join the network at doxo.com/for-providers.

Red Herring's Global 100 list has become a mark of distinction for identifying promising companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Google, Skype, Baidu, Salesforce.com, YouTube, eBay and many others would change the way we live and work.

Red Herring's editorial staff evaluated the companies on 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 an invaluable instrument of discovery and advocacy for the greatest business opportunities from around the world.

About doxo
doxo is the easiest way for businesses and customers to Connect and interact. doxo provides consumers a digital file cabinet that makes it simple to organize household accounts and store important documents from multiple providers all in one place. For businesses, joining doxo makes it easy to connect and interact with customers, deliver documents paperlessly, and get paid with doxoPAY. Every month thousands of customers and businesses are connecting and going paper-free on doxo, dramatically reducing payment, paper, and postage costs and eliminating environmental waste. doxo investors include top-tier venture firms Mohr Davidow Ventures, Sigma Partners, and Bezos Expeditions, the venture investment fund of Jeff Bezos. The company is led by executives from Qpass, Amazon and Microsoft, who have driven broad consumer adoption of new online services and processed billions of dollars in e-payment transactions. doxo has been recognized as a Red Herring Top 100 for 2011, a Best of the Web by NetBanker, American Business Awards New Product of the Year, and the 2011 AlwaysOn OnDemand Top 100 Private Companies. doxo is headquartered in Seattle, Washington.