LONDON, April 8, 2016 /PRNewswire/ --
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across Europe. The nominees are evaluated on 20 main quantitative and qualitative criterion: including disruptive impact, market footprint, proof of concept, financial performance, technology innovation, social value, quality of management, execution of strategy, and integration into their respective industries.
VATBox CEO and Co-Founder, Isaac Saft, says: "We are delighted Red Herring selected us as a finalist for this distinguished award. As a technology company helping other companies across the board reduce their costs and boost their returns, we hope to become a defining force in VAT Recovery & Compliance. We automate the entire process and give 100% insight into the VAT spend, leading to a 99% VAT recovery success rate and ensuring companies do not unknowingly incur fines for non-compliance! Looking at the other Red Herring finalists for 2016, we are thrilled to be in such good company and I look forward to meeting so many other pioneering companies at the event."
"This year was rewarding, beyond all expectations" said Alex Vieux, CEO of Red Herring. "There are many great companies producing really innovative and amazing products in Europe. We had a very difficult time narrowing the pool and selecting the finalists. VATBox shows great promise and therefore deserves to be among the finalists. Now we're faced with the difficult task of selecting the Top 100 European winners. We know that the 2016 crop will grow into some amazing companies that are sure to make an impact."
The finalists are invited to present their winning strategies at the Red Herring Europe Forum in Amsterdam, April 11-13, 2016. The winners will be announced at a special awards ceremony.
Since 2012, VATBox has been revolutionising the automated VAT recovery marketplace with its cloud-based solution leading the worldwide foreign VAT recovery arena. With offices in London, Paris, Frankfurt, New York & Tel Aviv, VATBox operates globally to give businesses full control over their tax spend.
Visit VATBox at http://www.vatbox.com
Contact: Liat Arbesman | VP Marketing VATBox | [email protected] | +972-54-6233515