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Companies Evaluated on Financials, Technology Innovation, and Strategy
 (Menlo Park, Calif., Jan 20, 2010) Leading SAP lifecycle automation provider, Panaya, announced today that it is included in the prestigious Red Herring Global 100 award list.
Red Herring's Global 100 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 Google, Yahoo, Skype, Netscape, Salesforce.com, YouTube, and eBay would change the way we live and work.
"Choosing the best out of the previous three years was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed down our list from 1,200 potential companies to 200 finalists. Trying to get it down to 100 companies was a task upon itself. The top 100 companies who were chosen should be extremely proud, the competition was difficult."
"We are honored and excited to be recognized by Red Herring," said Yossi Cohen, founder and CEO of Panaya. "This award is the cherry on top of numerous breakthrough achievements Panaya realized in 2009, including exponential growth in revenue, number of new customers, and employees. Word is definitely getting around that the cost of operating SAP can be brought down and automation software is a great way to achieve that."
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. (Menlo Park, Calif., Jan 20, 2010) Leading SAP lifecycle automation provider, Panaya, announced today that it is included in the prestigious Red Herring Global 100 award list.
Red Herring's Global 100 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 Google, Yahoo, Skype, Netscape, Salesforce.com, YouTube, and eBay would change the way we live and work.
"Choosing the best out of the previous three years was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed down our list from 1,200 potential companies to 200 finalists. Trying to get it down to 100 companies was a task upon itself. The top 100 companies who were chosen should be extremely proud, the competition was difficult."
"We are honored and excited to be recognized by Red Herring," said Yossi Cohen, founder and CEO of Panaya. "This award is the cherry on top of numerous breakthrough achievements Panaya realized in 2009, including exponential growth in revenue, number of new customers, and employees. Word is definitely getting around that the cost of operating SAP can be brought down and automation software is a great way to achieve that."
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. |
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