TAGSYS is a Finalist for 2012 Red Herring 100 Global Award

TAGSYS RFID, announced that it has been selected as a candidate for Red Herring’s 2012 Top 100 Global award, a prestigious recognition honoring the year’s most audacious and far-reaching private technology companies and entrepreneurs from across the globe.

The Red Herring editorial team selected the companies demonstrating the most innovative technologies and business models originating from more than 1,000 companies from more than 40 nations. These companies, representing past Red Herring Asia, Europe and North America awards, are judged on a range of qualitative and quantitative metrics, including but not limited to, technology innovation, financial performance, growth criterion, management’s execution standards, potential globalization of the strategy and market share improvement.

“Technology companies are becoming the bright spot in the economic outlook based on their increasing role within macro-economic environments,” stated Alex Vieux, chairman of Red Herring. “2012 has confirmed the sector’s vibrant activity and its resilience to widespread economic problems. An unprecedented number of entrepreneurs are attempting to jump ahead of the competition and aspire to make a difference. Breakthroughs obsolete each other faster than ever before. TAGSYS has performed exceptionally in its field and strongly deserves to be singled out as one of the Red Herring Global Finalists. At this stage, we are left with the daunting task to select the best qualified companies for the 2012 Top 100 Global Award.”

TAGSYS and other finalists will present their winning strategies at the Red Herring Global forum in Los Angeles, November 27-29, 2012. The Top 100 winners will be announced at a special awards ceremony on Nov. 29 at the event.