Romonet is a Winner of the 2012 Red Herring Top 100 Europe Award

LONDON, April 30, 2012 /PRNewswire/ --

Romonet, a leading provider of data center predictive modeling tools, is proud to be selected as a winner of the Red Herring Top 100 Europe Award, a prestigious list honoring the year's most promising European private technology ventures.

The Red Herring Top 100 list has become a mark of distinction for identifying promising new companies and entrepreneurs. Previous winners of the Red Herring Top 100 Award include technology leaders such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay.

"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 Romonet embodies the vision, drive and innovation that define a successful entrepreneurial venture. Romonet should be proud of its accomplishment, as the competition was very strong.

The Red Herring editorial team selected the most innovative companies from a pool of several hundred from across Europe. Finalists were evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and penetration into their respective markets. The Red Herring Award also recognizes the link between innovation and the potential for long term commercial success of the most promising business models in their business sector.

"We are absolutely delighted to be a winner of the Red Herring Top 100 Europe Award and to be internationally recognized for our achievements," said Zahl Limbuwala, CEO of Romonet. "For us, this confirms that our innovations focus to deliver world leading data center predictive modeling software tools that improve the operational performance and financial predictability for data center and cloud computing environments is the right strategy." He concluded, "We also believe that Romonet® Software Suite will be an industry game-changer and usher in a new era of IT financial accountability. "

About Romonet

Founded in 2006, Romonet is a privately held software company based in the UK, with offices in London, San Francisco and New York. The company provides the predictive modeling tools, and consultancy which businesses require to accurately predict, account and manage cost and risk within their data center or cloud computing environment. Romonet's management team has a heritage in the IT services industry and understands the challenges people at all levels face. For more information, visit http://www.romonet.com.

About Red Herring

Red Herring is a global media company uniting 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 view of the global innovation ecosystem, featuring unparalleled insights on the emerging technologies driving the economy.

SOURCE Romonet Limited