Bonn, 07 April 2015 – elastic.io 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.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. There are many great companies producing really innovative and amazing products in Europe. We had a very difficult time narrowing the pool and selecting the finalists. elastic.io 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 2015 crop will grow into some amazing companies that are sure to make an impact.
– Alex Vieux, publisher and CEO of Red Herring
Finalists for the 2015 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.
elastic.io Integration Platform as-a-Service (iPaaS) has met all the requirements and was recognized as one of the most innovative products on the today’s European market.
Cloud and Software-as-a-Service (SaaS) are mega-trends in IT, with companies moving slowly but steadily to the cloud. However, using many different SaaS-services without being able to connect them with each other doesn’t really help streamline and optimize business processes. The question how to automate ongoing data exchange and data updates between e.g. CRM and ERP solutions, or ERP and Finance, or CRM and Marketing automation tools would still remain open.
Hence being able to connect various SaaS with each other to let data flow back and forth seamlessly is vital for survival of companies, but requires expert knowledge, great amount of developers’ time and is expensive.
With its predefined connectors to some of the widely-used SaaS and on-premise applications like Salesforce, Microsoft Dynamics NAV or Shopware, and a number of ready-to-use
integration solutions, elastic.io iPaaS allows developers and IT engineers as well as Cloud Software Vendors to migrate data continuously without taking care of possible updates and new configurations. The functions of SaaS are considerably extended, and developers can concentrate on the core business needs instead of spending weeks or even months on integration.
The Finalists are invited to present their winning strategies at the Red Herring Europe Forum in Amsterdam, April 13-15, 2015. The Top 100 winners will be announced at a special awards ceremony the evening of April 15 at the event.