Finalist for Red Herring’s Top 100 Europe award

Algoryx Simulation AB has been selected as a Finalist for Red Herring’s Top 100 Europe award. It is a prestigious list that honors the most promising private technology ventures from the European business region.

Being selected for the Red Herring award is a highly respected nomination for Algoryx. Once again it proves that Algoryx innovative solutions and cutting-edge technology places them at the top of another list of the most promising companies. It also indicates that visual and interactive multiphysic simulations are important for the industry, as well as for the educational market, in the years to come.

The Red Herring editorial team selected Algoryx and the other nominated companies from a pool of hundreds of enterprises from across Europe. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.

One of the main criteria’s for selecting Algoryx was their ambition to remain at the leading edge of technology. Algoryx continuously searches for new solutions and products to bring to the market, together with a unique business strategy that migrates their innovative technology into alternative markets such as education and vehicle simulations.

"This year was very rewarding," said Alex Vieux, publisher and CEO of Red Herring. "The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. Algoryx Simulation shows great promise therefore deserves to be among the Finalists. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring Europe. We know that the 2011 crop will grow into some amazing companies that are sure to make an impact."

Algoryx and the other finalists are invited to present their winning strategies at the Red Herring Europe Forum in Amsterdam, May 23-25, 2011. The Top 100 winners will be announced at a special awards ceremony the evening of May 25 at the event.

Read more about Red Herring’s Top 100 awards at http://www.herring100.com/

Contact information

Web: www.algoryx.se and www.algodoo.com
Email: contact@algoryx.se
Phone: +46-90-717090 or +46-70-631 5520
Media-kit: www.algoryx.se/media-kit