Helveta Wins 2010 ‘Red Herring Top 100 Europe’ Award
02 June 2010
Oxford, United Kingdom, 3rd June 2010: Helveta Ltd., the provider of supply chain intelligence software CI World™, today announces that it has been selected for this year's Red Herring Top 100 Europe list, which has become a mark of distinction for identifying the most promising private technology ventures from the European business region.
Helveta’s CI World™ supply chain intelligence functionality enables public and private sector users in the forestry, food products and extractive industries to provide full traceability and compliance verification capability for assets moving along global supply chains. In the forestry sector, CI World™ is the only proven technology to provide automated Chain of Custody (CoC) management, Legality Assurance System (LAS) functionality and pro-active compliance with new US Lacey Act and European Union Due Diligence Regulation timber import legislation.
“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.
Patrick Newton, CEO of Helveta, commented on the win, “Helveta has been gaining terrific momentum throughout the past year with recent major contract wins including national timber traceability and compliance validation systems in the Democratic Republic of Congo and Cameroon. This award recognizes our growth and success in the timber and agriculture market sectors around the world as we fast become the supply chain governance software platform of choice.”
The Red Herring editorial team selected the most innovative companies from a pool of hundreds 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. Past award winners include Google, Yahoo!, Skype, Netscape, Salesforce.com, and YouTube.