London, UK – May 6, 2008 – Red Herring has named The GenSight Group, a leading provider of Project Portfolio Management software, as a winner in Red Herring 100 Europe.
Companies such as Google, eBay, and Skype were spotted in their early days by Red Herring editors, and touted as leaders that would change the way people live and work. The 2008 winners were honoured at an exclusive event held in Malta in April.
GenSight ‘s Fortune 100 customers regard the company as a best-in-class provider of portfolio management including portfolio analysis, visualisation and decision support technology. Current customers utilising GenSight’s software include Johnson and Johnson, Sun Chemical, Georgia Pacific and British Telecom. The company is tightly focused and has spent over a decade innovating and honing its technology, product and methodology and successfully developing relationships with its customers.
Red Herring 100 Europe is an award given to the top 100 private technology companies based in the Europe, Middle East and Africa (EMEA) region each year.
David Munt, managing director of The GenSight Group, said: “Securing this award is important on two levels. First it is recognition of GenSight’s achievements and evolution, including our ability to execute our vision and to develop world-class products relied on by world-class companies; secondly it provides an acknowledgment of the importance of Portfolio Management software and its strategic significance in delivering business value, aligning projects to strategy and ensuring management has the necessary insight and control.”
“This year’s impressive list of submissions from companies demonstrates Europe’s growing role as a major centre of innovation in the global technology sector,” said Red Herring Editor-in-Chief Joel Dreyfuss. “The exceptional accomplishments of European technology startups and entrepreneurs are a testament to the rapid advancements being made in building the European innovation ecosystem.”
Red Herring’s lists of top private companies are an important part of the publication’s tradition of identifying new and innovative technology companies and entrepreneurs.
Red Herring’s editorial staff rigorously evaluated several hundred private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development.
Red Herring will honour the Red Herring 100 Europe Finalist companies at its Red Herring Europe 2008 event. Scheduled for April 14-16, at the Westin Dragonara Resort, this intimate, three-day event is themed “The Pursuit of Disruption” and will explore how European firms are leading the charge in many technology sectors, gaining the competitive advantage, and driving entrepreneurial success in ways that create business opportunities for challengers and incumbents alike.
About The GenSight Group
GenSight is a leading provider of Project Portfolio Management software. Its Fortune 100 customers regard the company as the best-in-class provider of portfolio management including portfolio analysis, visualisation and decision support technology. Current customers utilising GenSight’s software include Johnson and Johnson, Sun Chemical, Georgia Pacific and British Telecom. The company is tightly focused and has spent over a decade innovating and honing its technology, product and methodology and successfully developing relationships with its customers.
The GenSight technology uses proprietary optimisation algorithms to master the complexity of portfolio management and strategic choice. The solution is proven and has been implemented on a global basis by leading corporations across diverse industries such as pharmaceuticals, healthcare, consumer products, chemicals, financial services and telecommunications. Customers achieve high value returns, typically measured as a multiple of the implementation cost.
The company’s co-founders, David Munt and Mike Menard, each have over 25 years’ experience of technology development and portfolio management, respectively. Mr. Munt’s experience includes a history of technology innovation in the areas of strategic planning and portfolio management. Mr. Menard was previously a senior executive at Johnson & Johnson and a consultant and expert in criteria-based decision-making.
About Red Herring
Red Herring is a global media company which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at www.redherring.com.
Hazel Butters or Sally Forge
Prompt Communications on behalf of GenSight
Tel: +44 (0) 20 8996 1650 / +44 (0) 7780 687813
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