Red Herring announced that hybris was named a Finalist of Red Herring 100 Europe, an award given to the top 100 private technology companies based in the EMEA (Europe, Middle East and Africa) region each year.

“This year’s impressive list of submissions from companies demonstrates Europe’s growing role as a major centre of innovation in the global technology sector,” said Red Herring Editor-in-Chief Joel Dreyfuss. “The exceptional accomplishments of European technology startups and entrepreneurs are a testament to the rapid advancements being made in building the European innovation ecosystem.”

Red Herring’s lists of top private companies are an important part of the publication’s tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google, eBay, and Skype were spotted in their early days by Red Herring editors, and touted as leaders that would change the way we live and work.

Red Herring’s editorial staff rigorously evaluated several hundred private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development.
Red Herring will honour the Red Herring 100 Europe Finalist companies at its Red Herring Europe 2008 event. Scheduled for April 14-16, at the Westin Dragonara Resort, this intimate, three-day event is themed “The Pursuit of Disruption” and will explore how European firms are leading the charge in many technology sectors, gaining the competitive advantage, and driving entrepreneurial success in ways that create business opportunities for challengers and incumbents alike.

Commenting on the nomination, Ariel Ludi, CEO of hybris said: “Recognition by Red Herring as one of the leading European technology innovators is hugely rewarding. hybris is an extremely ambitious company with a clear vision about the future for multi-channel communication & commerce software. We have achieved a great deal in only nine years, with offices in five European countries and a network of partners extending our reach further into Europe and in the USA. We are confident that we will continue to attract customers from across the retail and manufacturing sector who will regard the Red Herring nomination as further proof that hybris is a forward-thinking company that is offering ground breaking technology to businesses across Europe.”