AMSTERDAM, April 30, 2012 /PRNewswire/ --
Red Herring announced its Top 100 award in recognition of the leading private companies from Europe, celebrating these startups' innovations and technologies across their respective industries.
eToro presented both its social trading platform, eToro OpenBook™ and its WebTrader platform, together they create a holistic trading experience by allowing users to See, Follow and Copy the trades of the top performing traders, allowing users to make better informed trading decisions.
"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 Europe to the Top 100 Winners. We believe eToro embodies the vision, drive and innovation that define a successful entrepreneurial venture. eToro should be proud of its accomplishment, as the competition was the strongest it has ever been."
"With such a wide variety of respected companies spanning across Europe, being considered for such a prestigious award, it's a proud moment for eToro to have been recognized by Red Herring," said Jonathan Assia, eToro's CEO. "We will continue to push forward and further disrupt the financial industry and expand the reach and popularity of social trading."
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 peers, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Europe.
eToro is the world's largest investment network, with over 2 million users in over 140 countries and thousands of new accounts opened each day. eToro leads the social trading revolution through its community powered network, which enables every investor to see, follow and automatically copy the actions of other investors in real time. eToro's mission is to open the financial markets to every individual and make them accessible through a simple, transparent and more profitable way to trade and invest online. By harnessing the wisdom of the crowds every member of eToro's social trading network benefits from accelerated information exchange, knowledge sharing and the ability to quickly identify the best investment opportunities. eToro's open Guru Program allows expert and talented traders to earn wide reaching recognition and monetize their trading expertise by earning rich monthly rewards. eToro's wide range of award-winning web-based and mobile social trading platforms appeal to every level of trading expertise, and provide an amazing investment experience that caters to the needs of the consumer investor. For more information, visit us at http://www.etoro.com.
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.
Red Herring's Top 100 Europe list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.