GoAdv Wins 2010 Red Herring 100 Europe: Selected for Innovation, Performance, Quality and Growth

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May 28, 2010, 11:45 ET

DUBLIN, May 28, 2010 /PRNewswire-FirstCall/ -- GoAdv announced today it has been selected as a winner of the Red Herring Europe 100 award, a prestigious list honoring the year's most promising private technology ventures from the world European business region (http://www.goadv.com).

The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across Europe. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.

With a network of over 500 web properties visited by more than 20 million unique users every month (Comscore), GoAdv provides multilingual content on demand to web users, crowdsourced from a team of expert collaborators and published on its wholly owned and operated websites including Excite Europe, Better Deals, Blogosfere and Nanopublishing.

This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the "buzz" and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.

"This year was especially difficult," said Alex Vieux, publisher and CEO of Red Herring. "Despite the global economic situation, there were so many great companies producing really innovative and amazing products that we had a difficult time narrowing the pool and selecting the finalists. GoAdv shows great promise therefore deserves to be a Red Herring 100 winner. We know that this year's crop will grow into some amazing companies that are sure to go far."

Luca Ascani, Co Founder and Chairman of GoAdv said, "The Group has been experiencing tremendous growth since its inception in 2004. We are now producing over 15,000 items of content - including video and articles - every month and have gained the unique position of being European leader in content on demand. We are delighted to be recognized by Red Herring for our achievements and I would like to thank all our staff and collaborators working across our 500 websites in 8 languages."

Finalists for the 2010 edition of the Red Herring 100 Europe award were selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, and clean tech industries sent in their submissions to qualify for the award.

About GoAdv

The GoAdv Group is Europe's 4th fastest growing larger digital media company (GP Bullhound Media Momentum 2010). Created in 2004 the Group crowdsources, distributes and monetizes over 15,000 items of compelling, multilingual content per month for a wide network of 500+ fully owned and operated websites including Excite Europe, Better Deals and the Nanopublishing network. The media properties generate over 20 million unique monthly users (Source: Comscore Jan 2010).

GoAdv is a pan-European company and has a staff of over 140 working across offices in Italy, Ireland, and Asia, active in the UK, Germany, Netherlands, France, Italy, Spain, Sweden, US, Australia, Russia and Brazil.