4 Israeli start-ups win Red Herring 100 Global awards

Qoof, Panaya, Oversi, and Miniframe were named among this year's winners.

Four Israeli starts-ups won this year's "Red Herring" Global 100 Awards, announced last night: video commerce solutions developer Qoof Ltd.; Panaya Inc, Internet video and P2P caching solutions developer Oversi Ltd.; and thin server developer MiniFrame Ltd.

The companies earlier won the "Red Herring" Europe 100 Awards. "Red Herring" editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. The competition began in 1996. Past winners include Google, Yahoo, Skype, Netscape, Salesforce.com, YouTube, and eBay.

Over the years, many Israeli start-ups have won the "Red Herring" Europe 100 Awards, including 16 companies in 2009, four of which made the Global list. In 2009, three start-ups also made the "Red Herring" North America 100 Awards Correlix Inc., Promisec Inc., and OpTier Inc., all of which are headquartered in New York as well as having R&D centers in Israel.

Published by Globes [online], Israel business news - www.globes-online.com - on January 19, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

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