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Avangate Wins 2012 Red Herring Top 100 Europe Award for Most Innovative Companies

eCommerce Provider Recognized for Its Leading Platform and Services Addressing the SMB Software and SaaS Markets

Redwood Shores, CA – May 8th, 2012 – Avangate, the agile eCommerce service provider trusted by thousands of Software and SaaS companies to grow their businesses worldwide through any channel and any model, today announced that it has been selected as one of the “2012 Red Herring Top 100 Europe” most innovative companies.  Avangate was recognized for its agile eCommerce platform that addresses one of the fastest growing technology markets, small to medium-sized software and SaaS vendors.

Red Herring’s Top 100 Europe list has become a mark of distinction for identifying promising new companies and entrepreneurs.  The Top 100 award was announced in recognition of the leading private companies from Europe, celebrating these startups’ innovations and technologies across their respective industries. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

“The eCommerce landscape has shifted as software and SaaS vendors look to rapidly get their products to market around the world,” said Carl Theobald, Chief Executive Officer, Avangate.  “We are dedicated to providing our clients the necessary tools and strategic support that help them accelerate revenue growth through global reach across channels, improve customer retention, and streamline the transition to new business models.  The entire Avangate team is honored to be part of the Red Herring Top 100 Europe as it validates our continued innovation in the eCommerce market.”

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.  This assessment of potential is complemented by a review of the track record and standing of startups relative to their peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Europe.

“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 Avangate embodies the vision, drive and innovation that define a successful entrepreneurial venture. Avangate should be proud of its accomplishment, as the competition was the strongest it has ever been.”