SYDNEY, Nov. 14, 2012 /PRNewswire/ -- Skills Connect Pty Ltd, a leading cloud based employment provider to corporate & government, today announced it has been selected as a Top 100 Finalist of the Red Herring 100 Global Award to be held in Los Angeles USA. The Award is prestigious recognition honoring the year's most audacious and far reaching private technology companies and entrepreneurs from across the globe. The Red Herring editorial team selected the Finalists for the 2012 Red Herring 100 Global Award. This group of companies is the short list for the Top 100 award. They are the most innovative and promising companies from a pool of thousands from across North America, Europe and Asia. The Finalists are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, IP creation, CAGR, execution of strategy, and disruption in their respective industries. "Technology companies are becoming the bright spot in the economic outlook based on their increasing role within macro-economic environments," stated Alex Vieux, Chairman of Red Herring. "2012 has confirmed the sector's vibrant activity and its resilience to widespread economic problems. An unprecedented number of entrepreneurs are attempting to jump ahead of the competition and aspire to make a difference. Breakthroughs obsolete each other faster than ever before. GPS Insight has performed exceptionally in its field and strongly deserves to be singled out as one of the Red Herring Global Finalists. At this stage, we are left with the daunting task to select the best qualified companies for the 2012 Top 100 Global Award." After one final stage of judging - a live presentation at the Red Herring Global Forum in Los Angeles on November 27-29 - the 2012 Top 100 Global Winners will be selected. The formal announcement will occur at a special award dinner on November 29 at the event. http://www.redherring.com/red-herring-global/ Skills Connect CEO Mr. Bradley Birchall commented, "Hot on the heels of winning the Top 100 Asia award in Hong Kong, the Global Award is a tremendous opportunity for us to showcase our international leadership in cloud based disruptive employment and announce our intention to raise capital for our international growth." "Our solution meets a very clear need for increased productivity and cost savings at a time when companies and governments are struggling to improve productivity and savings. Employment went global some time ago, unfortunately the model did not, inefficiency is propagated through disconnects between parties in the employment process. We are the missing link, delivering productivity gains whilst improving the quality of hires; this should have been done a long time ago."