AUSTIN, Texas--(BUSINESS WIRE)--Red Herring announced its Top 100 Global in recognition of the leading private companies from North America, Europe and Asia, celebrating these startups’ innovations and technologies across their respective industries. SourceDay, the leader of direct procurement automation, has been selected.
“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 the globe to the Top 100 Winners. We believe SourceDay embodies the vision, drive and innovation that define a successful entrepreneurial venture. SourceDay should be proud of its accomplishment.”
SourceDay was evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy and market penetration. This assessment of potential is complemented by a review of SourceDay’s track record and standing relative to its peers. Red Herring’s Top 100 Global list has become a mark of distinction for identifying promising companies and entrepreneurs, and was the first to recognize such companies as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube and eBay and how they would change the way we live and work.
“This is a major recognition for SourceDay and one of which we are very proud,” says Tom Kieley, CEO at SourceDay. “Making Red Herring’s Top 100 Global list coincides with a banner year for SourceDay. In 2018, we added new customers, grew our team, forged new partnerships and continued innovating our direct spend procurement and supplier collaboration platform. This recognition furthers our position as a leader in bringing automated efficiency and cost savings to the manufacturing and distribution industries by automating the entire supply chain procurement process.”