Recently we could proudly announce to have been selected as Finalist for the 2010 Red Herring 100 Europe Award. Today we announce even more proudly that we were selected as Red Herring Top 100 Winner! 

The Red Herring Top 100 Award recognizes leading private companies from Europe, celebrating these startups’ innovations and technologies across their respective 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 Memonic embodies the vision, drive and innovation that define a successful entrepreneurial venture. Memonic should be proud of its accomplishment, as the competition was very strong.”

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.