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Follow on Google News | Manchester-based Wax Digital announced as a 2016 Red Herring Top 100 Europe Winnere-Procurement software specialist recognised for innovation and growth potential
By: Wax Digital Wax Digital has won a place on Europe's Top 100 list and the Red Herring awards celebrate the innovations and technologies of 100 of Europe's most exciting, leading private companies in sectors such as cloud software, social media, mobile and virtualisation. Selected from 1,200 privately financed European companies, Wax Digital was recognised for exceptional innovation in cloud software, implementing quarterly releases of its core platform and developing a unique set of integration capabilities, and the Red Herring awards panel believe it is well positioned to grow at a rapid rate. Paul Ellis, managing director, Wax Digital said: "We now sit alongside an impressive list of organisations whose technologies have revolutionised the way we do business. To make the top 100 list is testament to how our SaaS e-Procurement software, Wax Digital web3 is transforming the procurement landscape, helping businesses control spend, collaborate with suppliers and save money. Ellis continues: "The last six months have seen exciting times at Wax Digital with new product developments including our game-changing iPaas integration solution for the procurement industry. In addition to this award, we have also announced backing from August Equity to help accelerate our growth and drive our expansion internationally. We look forward to exciting times ahead." Red Herring's Top 100 (http://www.redherring.com/ "In 2016, selecting the top achievers was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "In fact, we had the toughest time in years because so many entrepreneurs had crossed significant milestones so early. But after much thought, rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across Europe to the Top 100 Winners (http://www.redherring.com/ Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technological innovation, management quality, overall business strategy and market penetration. This assessment was complemented by a review of the track records and standings of similar startups in the same verticals, 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 in Europe. About Wax Digital Wax Digital delivers integrated Source-to-Pay solutions to savings-focused organisations around the world. Its intuitive web3 software is deployed via the cloud to 260,000 users in over 100 countries, carrying tens of millions of transactions efficiently and securely every year. Seamlessly integrated with back-office systems, suppliers and third-party data points, web3 provides an end-to-end spend management capability, bringing control, compliance and cost savings to the purchasing lifecycle. For more information, visit www.waxdigital.com End
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