Modelity was selected in Red Herring’s Top 100 Europe competition, recognizing Europe’s leading private companies and celebrating these startups’ innovations and technologies across their respective industries.

Red Herring’s Top 100 Europe list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring’s editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

“Selecting startups that show the most potential for disruption and growth is never easy,” said Alex Vieux, publisher and CEO of Red Herring. “We looked at hundreds and hundreds of candidates from all across the continent, and after much thought and debate, narrowed the list down to the Top 100 Winners. Each year, the competition gets tougher but we believe Modelity demonstrates the vision, drive and innovation that define a Red Herring winner.”

Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technological innovation, management quality, overall business strategy and market penetration. This assessment was complemented by a review of the track records and standings of similar startups in the same verticals, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Europe.

Ayal Leibowitz, Chief Executive Officer, received the award on behalf of Modelity in Amsterdam. “This is a reward for our hard work, and another recognition in our achievements,” said Ayal, “I would like to thank the entire Modelity team for their hard work and commitment.”

To view the official Top 100 Europe list click here.