NEW YORK, May 01, 2012 (BUSINESS WIRE) -- GigaSpaces Technologies, a pioneer of next generation application platforms for mission-critical applications, today announced that it has been selected as a Red Herring Top 100 Europe winner. The Red Herring Top 100 award recognizes the leading private companies from Europe, celebrating technological innovation across industries.
"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 GigaSpaces Technologies embodies the vision, drive and innovation that define a successful entrepreneurial venture. GigaSpaces should be proud of its accomplishment, as the competition was the strongest it has ever been."
GigaSpaces received this award as part of a landslide of praise including: CRN's Top 20 Coolest Cloud Platform Vendors 2012 and CloudBeat's Innovation Showdown Top Ten.
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.
"We are honored to have been recognized for our growth and innovation by Red Herring as one of the Top 100 technologies in Europe for 2012, especially taking into consideration the fierce competition amongst the hundreds of impressive companies and entrepreneurs that were evaluated for this award," says Zeev Bikowsky, CEO of GigaSpaces, who presented as a finalist at Red Herring Europe this week in Amsterdam.
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 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.
GigaSpaces Technologies is the pioneer of a new generation of application virtualization platforms and a leading provider of end-to-end scaling solutions for distributed, mission-critical application environments, and cloud enabling technologies. GigaSpaces is the only platform on the market that offers truly silo-free architecture, along with operational agility and openness, delivering enhanced efficiency, extreme performance and always-on availability. The GigaSpaces solutions are designed from the ground up to run on any cloud environment -- private, public, or hybrid -- and offer a pain-free, evolutionary path to meet tomorrow's IT challenges.
Hundreds of organizations worldwide use GigaSpaces' technology to enhance IT efficiency and performance, among which are Fortune Global 500 companies, including top financial service enterprises, e-commerce companies, online gaming providers, and telecom carriers.