Sievo is a Finalist for the 2013 Red Herring Top 100 Europe Award

March 18, 2013 - PRLog -- Sievo is pleased to announce 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.

Sievo’s selection is the testament of the continuous growth of Sievo and indeed of the market raising interest in automating corporations’ procurement performance management. Its SaaS solution is a key growth enabler allowing clients to quickly get on board its solution and see returns on their in-vestments in weeks. By shedding lights into savings leakage, companies get to stop the bleeding and rip the rewards straight into their bottom line. This is a major recognition for Sievo specifically as the company has been self-financing its growth since founding and as Sievo is celebrating this year 2013 its 10th Anniversary.

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. Sievo 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."

Finalists for the 2013 edition of the Red Herring 100 Europe award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the months leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, mobile and other industries completed their submissions to qualify for the award.

The Finalists are invited to present their winning strategies at the Red Herring Europe Forum in Amsterdam, April 8-10, 2013. The Top 100 winners will be announced at a special awards ceremony the evening of April 10 at the event.

For further information, please contact Patricia Besson, Head of Marketing & Communication, patricia.besson@sievo.com, +33(0)6 45 916 464