Allinea Software named as Red Herring Global 100 Tech Star

11 Jan 2012 Warwick - Allinea Software, a global expert in tools for parallel software, has been recognized by Red Herring as a Global 100 winner, the award that honours the fastest growing private companies from North America, Europe, and Asia. Allinea's are the only software tools to allow software developers and scientists to take full advantage of the latest and most powerful computers - making their hard-to-write parallel software work "right first time".

Allinea is recognized by suppliers and buyers as a world specialist and innovator in this market - used on 35 of the top 100 supercomputers worldwide. Its products include the world's first petascale debugger - enabling users for the first time to fully debug programmes running on the world's largest supercomputers. The company also developed the first hybrid GPU debugger - enabling simultaneous debugging across multiple architectures in the same tool. And as mainstream computing moves toward parallel architectures, Allinea's tools are increasingly being used in multi-core and embedded applications by leading processor chip manufacturers.

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 we live and work.

"Choosing the best out of the previous two years was by no means a small feat", stated 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. Allinea Software 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.

The 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.

"This is a fantastic endorsement - not just of Allinea's technology leadership - but also of our market position and business model", stated Mike Fish, CEO at Allinea. "After winning the Red Herring Europe 100 earlier this year, this Global award reflects both the depth of Allinea's presence in the US and Europe, and our recent successes in Japan, China and Taiwan."

Dr. Everard Mascarenhas of Mercia Fund Management - a major Allinea investor, commented: "It was clear to us that Allinea has a world class technology and we congratulate the management team and employees on receiving this prestigious award."
Source: Allinea