NEW YORK and AUSTIN, Texas, May 29, 2012 (GLOBE NEWSWIRE) -- Broadway Technology, LLC, a leader in high-performance trading solutions for top-tier global banks and hedge funds, announced today that it is a winner of Red Herring's Top 100 Private Companies award, recognizing the year's most innovative and fastest growing companies in North America.
Tyler Moeller, CEO of Broadway Technology, said, "Being chosen as one of the top 100 companies in North America is a great honor bestowed upon our company by Red Herring. I'm immensely proud of the Broadway team and our accomplishments. We solve the most challenging problems every day for our customers and that takes great dedication, expertise and teamwork from an amazing group of people. Our potential for continued growth in the finance space and beyond is limitless."
Broadway Technology was selected a winner among 800 companies who competed for the award by Red Herring's editorial staff. Companies were evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. Red Herring's Top 100 Americas list began in 1996 and has become a mark of distinction for identifying promising companies and entrepreneurs. Previous winners include: 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 North America to the Top 100 Winners. We believe Broadway Technology embodies the vision, drive and innovation that define a successful entrepreneurial venture. Broadway Technology should be proud of its accomplishment, as the competition was very strong."
About Broadway Technology
Broadway Technology is a leader in high-performance financial trading solutions and consulting services for top-tier global banks and hedge funds. Broadway's software manages hundreds of billions of dollars in transactions daily worldwide for premier financial institutions. Founded in 2003 by experts in computer science, high frequency algorithmic trading and enterprise software, Broadway has been profitable every year since its inception, with revenues having grown more than 50% annually since 2008. The company has employees in five countries with headquarters located in New York and Austin. To learn more about Broadway, visit us at: www.broadwaytechnology.com or contact us at: info@broadwaytechnology.com / tel: 646.912.6450.