iQsim 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.

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 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. iQsim 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 are very pleased to be among the 100 finalists for the 2012 Red Herring Top 100 Europe Award”, says Philippe Bessaguet, CEO. “It serves as an additional confirmation to iQsim’s innovative solutions, market leadership, technology strength and financial stability.”

Finalists 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.

“This serves as a strong independent recognition for iQsim leading technical innovation and end-to-end solutions for Mobile termination services and Mobile QoS testing, securing and maximizing profits for thousands of businesses world-wide”, says Laurent Lhermitte, Vice-President of Sales.