Last updated on April 18, 2014 at 14:31 EDT

Romonet is a Finalist for the 2012 Red Herring Top 100 Europe Award

April 11, 2012

LONDON, April 12, 2012 /PRNewswire/ –

Romonet announced today it has been selected as a Finalist
[http://www.herring100.com/RHE/2011/finalists.html ] for Red Herring’s Top 100 Europe
award, a prestigious list honoring the year’s most promising private technology ventures
from the European business region.

The Red Herring editorial team selected the most innovative companies from a pool of
hundreds from across Europe. 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 a valuable instrument for discovering and advocating the greatest business
opportunities in the industry.

“This year was very rewarding,” said Alex Vieux, publisher and CEO of Red Herring.
“The global economic situation has abated and there are many great companies producing
really innovative and amazing products. We had a very difficult time narrowing the pool
and selecting the finalists. Romonet shows great promise and therefore deserves to be
among the Finalists. Now we’re faced with the difficult task of selecting the Top 100
winners of Red Herring Europe. We know that the 2012 crop will grow into some amazing
companies that are sure to make an impact.”

Romonet is a leading provider of predictive modeling software, providing the financial
forecasting and energy management modeling tools which businesses need to accurately
predict, account and manage cost and risk within their data center environment – both for
today and in the future.

“We are delighted to have been selected as a finalist for this year’s Red Herring
award,” says Zahl Limbuwala, Chief Executive Officer of Romonet. “This represents another
validation of the unique financial modeling capabilities that we are enabling for our
datacenter clients.”

Finalists [http://www.herring100.com/RHE/2011/finalists.html ] for the 2012 edition of
the Red Herring 100 Europe 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
the telecommunications, security, Web 2.0, software, hardware, biotech, mobile and other
industries completed their submissions to qualify for the award.

The Finalists are invited to present their winning strategies at the Red Herring
Europe Forum in Amsterdam, April 23-25, 2012. The Top 100 winners will be announced at a
special awards ceremony the evening of April 25 at the event.

About Romonet Ltd

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 need to accurately predict, account and
manage cost and risk within their data center environment. Romonet’s management team has a
heritage in the IT services industry and understands the challenges people at all levels
face. For more info, visit http://www.romonet.com.

SOURCE Romonet Ltd

Source: PR Newswire