GENSIGHT WINS RED HERRING 100 EUROPE 2008 AWARD
London, UK – May 6, 2008 – Red Herring
has named The GenSight Group, a leading provider of Portfolio
Management software, as winner of the Red Herring 100 Europe
award.
Companies such as Google, eBay, and Skype were spotted in their
early days by Red Herring editors, and touted as leaders that would
change the way people live and work. The 2008 winners were honoured
at an exclusive event held in Malta in April.
GenSight ‘s Fortune 100 customers regard the company as a best-in-class
provider of portfolio management including portfolio analysis, visualisation
and decision support technology. Current customers utilising GenSight’s
software include Johnson and Johnson, Sun Chemical, Georgia Pacific
and British Telecom. The company is tightly focused and has spent over
a decade innovating and honing its technology, product and methodology
and successfully developing relationships with its customers.
Red Herring 100 Europe is an award given to the top 100 private
technology companies based in the Europe, Middle East and Africa (EMEA)
region each year.
David Munt, managing director of The GenSight Group, said: “Securing
this award is important on two levels. First it is recognition of GenSight’s
achievements and evolution, including our ability to execute our vision
and to develop world-class products relied on by world-class companies;
secondly it provides an acknowledgment of the importance of Portfolio
Management software and its strategic significance in delivering
business value, aligning projects to strategy and ensuring management
has the necessary insight and control.”
“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.
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.
About The GenSight
Group
GenSight is a leading provider of Project
Portfolio Management software. Its Fortune 100 customers regard
the company as the best-in-class provider of portfolio management including
portfolio analysis, visualisation and decision support technology. Current
customers utilising GenSight’s software include Johnson and Johnson,
Sun Chemical, Georgia Pacific and British Telecom. The company is tightly
focused and has spent over a decade innovating and honing its technology,
product and methodology and successfully developing relationships with
its customers.
The GenSight technology uses proprietary optimisation algorithms
to master the complexity of portfolio management and strategic choice.
The solution is proven and has been implemented on a global basis by
leading corporations across diverse industries such as pharmaceuticals,
healthcare, consumer products, chemicals, financial services and telecommunications.
Customers achieve high value returns, typically measured as a multiple
of the implementation cost.
The company’s co-founders, David Munt and Mike Menard, each have
over 25 years’ experience of technology development and portfolio
management, respectively. Mr. Munt’s experience includes a history
of technology innovation in the areas of strategic planning and portfolio
management. Mr. Menard was previously a senior executive at Johnson & Johnson
and a consultant and expert in criteria-based decision-making.
About Red Herring
Red Herring is a global media company which unites the world’s
best high technology innovators, venture investors and business
decision makers in a variety of forums: a leading innovation
magazine, an online daily technology news service, technology
newsletters and major events for technology leaders around the
globe. Red Herring provides an insider’s
access to the global innovation economy, featuring unparalleled
insights on the emerging technologies driving the economy. More
information about Red Herring is available at www.redherring.com.
Media contacts:
Hazel Butters or Sally Forge
Prompt Communications on behalf of GenSight
Tel: +44 (0) 20 8996 1650 / +44 (0) 7780 687813
gensight@prompt-communications.com
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