US: PLM software maker recognized as one of the top private companies in world

25 November 2013 | News | Source: just-style

Centric Software, Inc. has earned a coveted spot on the prestigious Red Herring Top 100 Global list after competing in a comprehensive, global selection process.

To earn its place on the 2013 Top 100 Global list, Centric-maker of PLM software for retail, apparel, footwear, luxury and consumer goods companies-first won a prized position on the Red Herring Top 100 List for North America. The Top 100 Global competition subsequently evaluated Top 100 winners from North American, Europe and Asia before naming the 2013 Top 100 Global list.

"Choosing the companies with the strongest potential was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed our list of candidates from across the globe to the Top 100 Winners. We believe Centric embodies the vision, drive and innovation that define a successful entrepreneurial venture. Centric should be proud of its accomplishment, as the competition was the strongest it has ever been."

The Top 100 Global list identifies promising private companies and entrepreneurs. 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. The publication states that this assessment of potential is complemented by a review of the track records and standing of startups relative to their 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 from around the world.

Since 1996, Red Herring has kept tabs on the "up and comers." The publication's editors, it says, were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, Marin Software, Palo Alto Networks, and eBay would change the way people live and work.

"The Red Herring Top 100 Global list award is a tremendous acknowledgment of Centric's growth, innovation and industry leadership as a provider of PLM software for retail, fashion, footwear, luxury and consumer goods companies," says Chris Groves, president and CEO of Centric Software. The prestigious recognition underscores the global achievements made by the entire Centric team, including a remarkable track record of rapid business benefit delivery to renowned customer brands and retailers, he explains. "Centric has been recognized as the industry innovation leader with the best-in-class PLM solution, breakthrough mobile apps and a rapid Agile DeploymentSM methodology. This innovation has driven the highest growth rate in the consumer products PLM industry."