Nostrum Group has been revealed as a winner in the Red Herring Top 100 Europe award, a prestigious list honoring the year’s most promising European private technology ventures.
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.
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. “There are many great companies producing really innovative and amazing products in Europe. We had a very difficult time narrowing the pool and selecting the finalists. Nostrum Group shows great promise and therefore deserves to be among the 100 finalists. We know that the 2016 crop will grow into some amazing companies that are sure to make an impact.”
Finalists for the 2016 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, Red Herring reviewed over 1200 companies in the telecommunications, security, cloud, software, hardware, biotech, mobile and other industries completed their submissions to qualify for the award.
Nostrum Chief Executive, Richard Carter said, “This is a great achievement for Nostrum and we are delighted to be included in the Europe in the Red Herring Top 100. The awards are widely recognized as one of the industry’s more prestigious recognitions for private ventures from around the world and it’s an honor to be included.”
The finalists were invited to present their winning strategies at the Red Herring Europe Forum in Amsterdam, April 11-13, 2016. The Top 100 winners were announced at a special awards ceremony on the evening of April 13 at the event.
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