RALEIGH, NC and LONDON--(Marketwired - Apr 11, 2013) - CloudPay, the pioneer of SaaS-based payroll automation for multinationals, announced today that it has been selected as a Winner of Red Herring's Top 100 Europe Award, a prestigious list honoring the year's most promising private technology ventures from the European business region.
The Red Herring Top 100 list has become a mark of distinction for identifying promising new companies and entrepreneurs. Previous winners of the Red Herring Top 100 Award include technology leaders such as 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 CloudPay embodies the vision, drive and innovation that define a successful entrepreneurial venture. CloudPay should be proud of its accomplishment, as the competition was very strong."
The Red Herring editorial team selected the most innovative companies from a pool of several hundred from across Europe. Finalists were evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and penetration into their respective markets. The Red Herring Top 100 Award also recognizes the link between innovation and the potential for long term commercial success of the most promising business models in their business sector.
"Few accolades are as prestigious as the Red Herring Top 100 Europe Award, and we are honored that CloudPay has been recognized for the innovation it brings to the technology space," said Andrew Pearson, CEO of CloudPay. "Our designation as a winner further solidifies our position as the foremost provider of global payroll technologies and services for organizations operating in multiple countries. Through our pioneering SaaS-based technology and global payroll expertise, CloudPay delivers a centralized and standardized approach that gives multinationals greater control, visibility and strategic business intelligence into their global payroll operations. By providing access to real-time data, organizations gain the ability to conduct the detailed trend analysis needed to make the strategic decisions that improve the bottom line."
About CloudPay
CloudPay's pioneering Software as a Service technology and extensive payroll expertise helps organizations streamline global payroll operations, increase efficiency and benefit from unprecedented business insight and intelligence. CloudPay is setting the standard for multi-national payroll management. For more information about CloudPay, please visit www.cloudpay.net
