Centric Software has been named as one of the world's top 100 private companies, according to the 2016 Red Herring Top 100 Global list. Red Herring's annual list recognizes the leading private companies from North America, Europe and Asia, celebrating business innovations and technologies. It has become a mark of distinction for identifying promising companies and entrepreneurs.

"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 down from hundreds of candidates from across the globe to the Top 100 Winners. We believe Centric Software embodies the vision, drive and innovation that define a successful entrepreneurial venture. Centric Software should be proud of its accomplishment."

Red Herring's editorial staff evaluates companies on both quantitative and qualitative criteria, including financial performance, technology innovation, management quality, strategy and market penetration. This 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.

Red Herring's accolade comes hot on the heels of another award for Centric. Earlier this month, the PLM company's leadership in the market was recognized with the presentation of Frost & Sullivan's 2016 Global Customer Value Leadership Award. Centric was also named on the Red Herring Top 100 Global list in 2013 and 2015, making this its third year on the prestigious list.

Chris Groves, President and CEO of Centric Software, says, "We are delighted that Red Herring has recognized Centric's strong customer focus and unique product vision. Being named among the world's top 100 companies for the third time is a testament to the entire Centric team and to our commitment to transforming consumer product lifecycles with innovative software that helps customers drive massive product variety and relentless speed to market."

Centric Software, Inc. (www.centricsoftware.com)