STOCKHOLM, April 4, 2013 /PRNewswire/ --
PacketFront Software announced today it has been selected as a Finalist for Red Herring's Top 100 Europe award, a prestigious list honoring the year's most promising private technology ventures from the European business region.
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across Europe. The nominees are evaluated on 20 main quantitative and qualitative criterion: they include disruptive impact, market footprint, proof of concept, financial performance, technology innovation, social value, quality of management, execution of strategy, and integration into their respective industries.This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the "buzz" and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry. "This year was rewarding, beyond all expectations" said Alex Vieux, publisher and CEO of Red Herring. "The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. PacketFront Software shows great promise and therefore deserves to be among the Finalists. Now we're faced with the difficult task of selecting the Top 100 winners of Red Herring Europe. We know that the 2013 crop will grow into some amazing companies that are sure to make an impact." "We are extremely proud to having been singled out as Finalist to the 2013 Red Herring Top 100 Europe Award" said Ulf Avrin, CEO of PacketFront Software."As this nomination shows, PacketFront Software is a highly innovative company providing a leading edge network and service management solution to broadband operators and enterprise data networks. We are on a growth trajectory and in the same way as we have high ambitions in the marketplace we also aim at being selected as one of the Top 100 winners of Red Herring Europe." The Finalists are invited to present their winning strategies at the Red Herring Europe Forum in Amsterdam, April 8-10, 2013. PacketFront Software