Avecto, the leader in Windows privilege management, announced today they are winners of Red Herring's Top 100 Europe award, a prestigious award that recognizes the top 100 private technology companies from the European business region.
Red Herring's Top 100 Europe list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
"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 Europe to the Top 100 Winners. We believe Avecto embodies the vision, drive and innovation that define a successful entrepreneurial venture. Avecto should be proud of its accomplishment, as the competition was the strongest it has ever been."
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 start-ups relative to their 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 Europe.
"Avecto's selection as a Red Herring 100 winner further substantiates our commitment and ability to drive innovation across all aspects of our business. We are building a strong and sustainable organization based on category leadership in the field of Windows privilege management," said Tony Bolland CEO at Avecto. "Our aim which is to enable organizations around the world to lower operating costs, improve system security and achieve compliance, continues to fuel our global growth."
Winners for the 2012 edition of the Red Herring 100 Europe award were selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health.