(Singapore, 13 December 2011) - Xerafy, the global provider of rugged passive RFID tags, has won the Red Herring Global Top 100 Technology startup award in recognition as one of the top private companies from North America, Europe, and Asia. The Global 100 award caps the year for several significant accolades for Xerafy including the Red Herring Top 100 Asia and the 2011 Frost & Sullivan Global Product Innovation Award for RFID UHF solutions.
“Xerafy extreme RFID tags solution for the industrial markets are revolutionizing the way RFID can be deployed under the harshest use and environmental conditions” said Dennis Khoo, CEO of Xerafy. “Winning the prestigious Red Herring Global Top 100 award is a testament to Xerafy’s disruptive innovation and enabling technology that provides organizations with unprecedented improved visibility and traceability of assets.”
Red Herring’s Global 100 list has become a mark of distinction for identifying promising companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Google, Skype, Baidu, Salesforce.com, YouTube, eBay and many others would change the way people live and work.
“Choosing the best out of the previous two years was by no means a small feat,” said Alex Vieux, Chairman of Red Herring. “After rigorous contemplation and discussion, we narrowed down our list from 1,100 potential companies to 100 winners. It was an extremely difficult process. Xerafy should be extremely proud of its achievement, the competition for the Top 100 was fierce. The Top 100 Global are truly the best of the best.”
Red Herring’s editorial staff evaluated the companies 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 the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the “buzz” and make the list an invaluable instrument of discovery and advocacy for the greatest business opportunities from around the world.