Magnolia is a Finalist for the 2011 Red Herring Top 100 Europe Award

Magnolia announced today it has been selected as a Finalist 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.

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Red Herring Europe Finalist

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

This year was very rewarding. 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. Magnolia shows great promise 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 2011 crop will grow into some amazing companies that are sure to make an impact.

Alex Vieux, publisher and CEO of Red Herring

Finalists for the 2011 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.

Award ceremony 25 May in Amsterdam

The Finalists are invited to present their winning strategies at the Red Herring Europe Forum in Amsterdam, May 23-25, 2011. The Top 100 winners will be announced at a special awards ceremony the evening of May 25 at the event.

We are thrilled to be one of the 200 finalists. It's an honor to be considered a top entrepreneur and innovator on the Red Herring list. We look forward to the awards ceremony in Amsterdam and keep our fingers crossed for making it to the final 100.

Boris Kraft, Magnolia CTO

About Magnolia

Magnolia’s open source content management system delivers simplicity on an enterprise scale. Its outstanding combination of ease-of-use with a flexible, standards-based Java architecture has led to its adoption by enterprises and governments throughout the world, including ING, the U.S. Navy, JBoss.org, Johnson & Johnson, Lloyds TSB, Sony, Unilever, and the US Department of Defense. Magnolia is used by governments and leading Fortune 500 enterprises, and in more than 100 countries on all continents of the world.

Magnolia International Ltd. is the creator of both the open source Community Edition and its Enterprise Licensed Editions of the Magnolia CMS. Full global service, support, implementation, consulting and training for enterprise clients are delivered by Magnolia together with its international network of qualified partners. Find out more about Magnolia at: www.magnolia-cms.com

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