Motive Systems is a Finalist for the 2010 Red Herring 100 Global Award

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Motive Systems is a Finalist for the 2010 Red Herring 100 Global Award

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This distinction further validates our approach for enabling small to medium-size businesses make dramatic gains in efficiency and productivity by improving the way they organize and manage their business documents and processes.

Motive Systems, the developer of M-Files easy document management software and the cloud-based document management service M-Files Cloud Vault, announced today it has been selected as a finalist for Red Herring's top 100 Global award, a prestigious list honoring the year’s most promising private technology ventures from around the world.

The Red Herring editorial team selected the most innovative companies from a pool of 1,200 companies from across the world – the finalists from its Red Herring Asia, Europe and North America Awards. 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.

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 important instrument for discovering and advocating the greatest business opportunities in the industry.

"2010 was very difficult but extremely rewarding," said Alex Vieux, publisher and CEO of Red Herring. "Despite lingering effects of the global economic situation, there are many great companies producing truly innovative and amazing technologies, to the extent that we had a hard time narrowing the pool and selecting the finalists. Motive Systems shows great promise, therefore deserves to be among the finalists. Now we’re faced with the difficult task of selecting the Winners of the Top 100 Global Award.

“We’re honored to be selected as a finalist for the Red Herring 100 Global Award,” said Antti Nivala, CEO of Motive Systems. “This distinction further validates our approach for enabling small to medium-size businesses make dramatic gains in efficiency and productivity by improving the way they organize and manage their business documents and processes.”

Finalists for the award are 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 spaces such as mobile, security, Web 2.0, software, hardware, biotech, and clean tech sent in their submissions to qualify for the award.

The finalists are invited to present their winning strategies at the Red Herring Global forum in Los Angeles, January 24-26, 2011. The Top 100 winners will be announced at a special awards ceremony on January 26 at the event.

About Motive Systems
Motive Systems develops M-Files, easy-to-use, professional document management software and the Cloud-based document management service M-Files Cloud Vault that enable companies and organizations of all sizes to make dramatic gains in efficiency and productivity by improving the way they organize and manage their business documents, information and processes. Over 120,000 individuals at more than 14,000 customers in over 70 countries worldwide use M-Files to manage their documents. M-Files is available in 21 languages and is in use at customers such as AstraZeneca, BSA LifeStructures, EADS, FinnComm Airlines, Parker Hannifin, and Tupperware. For more information, visit our website at http://www.m-files.com, the M-Files blog, and follow us on Facebook and Twitter.

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Matthew Meigs
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