PARIS, FRANCE, June 25, 2010
/24-7PressRelease/ -- Excentive, the leading global provider of Total Compensation Management (TCM) solutions, today announced that it was named as a winner of the Red Herring Europe 100 Award. The coveted award, given by Red Herring, the influential US-based technology magazine, recognizes the most promising high-tech companies for 2010.
The Red Herring award is the latest accolade for Excentive, following Gartner Group's recent recognition of Excentive in its 2010 research report entitled "Marketscope for Sales Incentive Compensation Management Software," which likewise rated Excentive as a promising vendor amongst the selected ten ICM vendors it reviewed.
Each year Red Herring, headquartered in Silicon Valley, selects the top 100 most innovative private high-tech companies. This ranking, which has in past years recognized many companies and entrepreneurs now well-known, has become an industry standard reference point. Thus Excentive joins a prestigious list of Red Herring "veterans" including Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube and eBay.
"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 Excentive embodies the vision, drive and innovation that define a successful entrepreneurial venture. Excentive should be proud of its accomplishment, as the competition was very strong."
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 sector 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.
Excentive is the first software publisher specializing in TCM (Total Compensation Management). Historically a provider of Incentive Compensation Management (ICM) software for handling commissions, Excentive extended its platform to include SPM (Sales Performance Management) and EPM (Employee Performance Management). The Excentive solution is the only one that allows companies to increase their performance by maximizing the potential of all forms of remuneration, from the management of commissions, bonuses and stock-options, to salary reviews and the management of royalties.
---
Press release service and press release distribution provided by http://www.24-7pressrelease.com# # #
Read more Press Releases from Jeffrey Yoder:
