We were chosen among approximately 1,200 privately held companies in the European region and are the only Danish company, among four shortlisted companies from Denmark, on the list.
“The fact that TimeLog is the only Danish company among the Red Herring Top 100 makes us very proud. Every day, we are working on improving our products and optimizing our service. For us it’s all about gaining a competitive advantage in a global market. In this context, the Red Heering Top 100 Europe award acknowledges our efforts and confirms that we have made the right decisions. That the award is international means that not only Denmark, but also our offices in Stockholm and Amsterdam achieve a greater exposure in the markets we are focusing on”, says TimeLog’s CEO Søren Lund.
TimeLog was evaluated on both quantitative and qualitative criteria, such as financial performance, technological innovation, management quality, overall business strategy and market penetration.
Alex Vieux, publisher and CEO of Red Herring says “In 2016, selecting the top achievers was by no means a small feat. We believe TimeLog embodies the vision, drive and innovation that define a successful entrepreneurial venture. TimeLog should be proud of its accomplishment, as the competition was very strong”.
This award means a lot to us in TimeLog. It indicates that the strategy we have chosen for the company is the right one. The announcement will be celebrated with a big cake today as this result is based on the hard work from our fantastic team.