SCIENCE

Allinea Software has won a prestigious Red Herring 2011 Top 100 Europe award.

Red Herring announced its Top 100 awards in recognition of the leading private companies from Europe, celebrating these startups’ innovations and technologies across their respective industries.

Since 1996, Red Herring’s Top 100 Europe list has honoured the year’s most promising European private technology ventures and 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. 

“Choosing the companies with the strongest potential was no 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 Allinea embodies the vision, drive and innovation that define a successful entrepreneurial venture. Allinea should be proud of its accomplishment, as the competition was very strong.”

“Allinea DDT is used on 36 of the top 100 supercomputers on the respected global ‘Top 500’ list - in the US, in Europe and now in Asia”, comments Mike Fish, Allinea CEO. “We’re delighted that Allinea has been recognised as one of Europe’s hottest software companies by such a respected authority. Science and technology is seeing an ever-increasing need for computing power that can only be met using more – not faster – processors. Our tools help make software run in parallel on these multiple processors – and so our market opportunity is massive.”

“Our solutions are playing a role in solving many of the grand challenges which we face,” he added, “such as helping to cure cancer, model climate change and improve energy efficiency.”

Allinea’s software tools help researchers make their computationally-intensive software run “right first time” on computers that use hundreds of thousands of processors to meet the ever-increasing need for computing power. Allinea has established a leadership position for handling these very large systems, for supporting new high performance architectures (such as Nvidia’s CUDA for GPU), and for ease-of-use – both for these most demanding users and by making the same technology accessible for everyday commercial and academic use.

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 sector 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.