Berlin, April 7th, 2009 – Red Herring today announced that data archive store specialist Clearpace Software http://www.clearpace.com was named a WINNER of the 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.

“During a difficult year, Red Herring still received an impressive list of submissions from companies across the EMEA region, clearly demonstrating Europe’s role as a major center of innovation in the global technology sector,” said Red Herring Managing Director, Farley Duvall. “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 has honored the Red Herring 100 Europe Finalist companies at its Red Herring Europe 2009 Conference, which was held March 31- April 2, at the Berlin Radisson Hotel. This intimate, 2 1/2 day event explored how European firms are leading the charge in many technology sectors, gaining a competitive advantage, and driving entrepreneurial success in ways that create business opportunities for challengers and incumbents alike. 

“Being recognized in such a prestigious forum is a compliment to any young business and, in combination with winning the 451 Group Innovators Showcase last year, is a great testament to the disruptive technology we are bringing to the market,” said John Bantleman CEO of Clearpace Software. “Our innovative technology enables organizations to retain terabytes of historical data for business or regulatory needs at a fraction of the cost and overhead of a conventional database or data warehouse.  The data archive store technology we provide clearly stood out as a solution that is in the right place at the right time as all businesses focus on cost containment in the current climate while trying to comply with increasing regulation.”