Hundreds of the top technology companies screened for the award.
March 24, 2014 (Newswire) - Xpandion, Ltd. announced today it has been selected as a Finalist for Red Herring's Top 100 Europe award, a prestigious list honoring the year's most promising private technology ventures from the European business region.
"Our ERP usage inspection and behavior-based solutions for SAP licensing, GRC, and security & authorization are trusted by some of the best-known companies worldwide," said Moshe Panzer, CEO of Xpandion. "We greatly appreciate that Red Herring acknowledges the value of Xpandion's products. This recognition also gives us the opportunity to help more enterprises by arming them with user activity data so they can make smarter decisions."
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. "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. Xpandion, Ltd. shows great promise and 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 2014 crop will grow into some amazing companies that are sure to make an impact."
Finalists for the 2014 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, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, mobile and other industries completed their submissions to qualify for the award.
The leading provider of ERP usage inspection and behavior-based solutions, Xpandion focuses on the areas of SAP licensing, GRC, and security & authorization. Offering automated, easily deployed and cloud-enabled software for enterprises worldwide, Xpandion's ProfileTailor Dynamics complete suite of products delivers unprecedented visibility of actual, real-time authorization usage, significantly improving enterprise security and reducing overall licensing costs. Xpandion's SoD Conflict Resolver software is the only solution that detects and alerts behavior deviations in real-time, including deviations from SoD and GRC.
Xpandion was recognized by leading analyst firm Gartner as "Cool Vendor" in IT Asset Management. More details can be found on Xpandion's website (www.xpandion.com).
Xpandion is an SAP Partner and proud member of the SAP® PartnerEdge Program.
SAP is a registered trademark of SAP AG in Germany and in several other countries.