Espoo, Finland – April 17, 2015 – Aava Software Ltd announced today it has been selected as a winner 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 were evaluated on 20 main quantitative and qualitative criterion: they include disruptive impact, market footprint, proof of concept, financial performance, technology innovation, social value, quality of management, execution of strategy, and integration into their respective industries.

This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.

“This year was rewarding, beyond all expectations” said Alex Vieux, publisher and CEO of Red Herring.

“We are very pleased to receive this recognition and award for our company. It is another proof of our innovativeness and it keeps us working even harder” states Jari Heiskanen, CTO and founder of Aava Software Ltd.

Winners for the 2015 edition of the Red Herring 100 Europe award were selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the months leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, mobile and other industries completed their submissions to qualify for the award.

The Top 100 winners were announced at a special awards ceremony the evening of April 15 at the event.

For more information about Red Herring Top 100 Europe Award: www.redherring.com

About Aava Software:

Aava Software Ltd is a provider of next generation, cloud-based business software applications. The company provides its customers and partners a modern enterprise applications platform allowing for agile, time and cost-efficient solution development – always matching the customer requirements. Aava was established in 2008 and it is based in Espoo and Tampere, Finland. For more information: www.aavasoftware.com