Openbravo Selected for a Red Herring 'Top 100' Europe Award.

Award Recognizes the 100 "Most Promising" Companies Driving the Future of Technology

CANNES, France -- Red Herring today announced that Openbravo has been named as a member of Red Herring 100 Europe, an award given to the top 100 private technology companies based in the EMEA (Europe,

"This year's impressive list of winners demonstrates Europe's emergence as a major player in the global technology sector," said Red Herring Editor-in-Chief, Joel Dreyfuss. "The exceptional accomplishments of European technology companies and entrepreneurs are a testament to the rapid advancements being made in building the European innovation ecosystem."

Red Herring's lists of top private companies are an important part of the company's tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google, eBay and Skype were spotted in their early days by Red Herring editors, and touted as leaders that would change the way we live and work.

Red Herring's editorial staff rigorously evaluated more than 700 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development.

To honor the CEOs of Red Herring 100 Europe companies, Red Herring has invited each CEO to present his or her company at its Venture Market Europe (VME) 2007 event. Scheduled for March 25-27, at the Intercontinental Carlton, this intimate, three-day event is themed "The Pursuit of Disruption" and will explore how European firms are leading the charge in many technology sectors, gaining the competitive advantage, and driving entrepreneurial success in ways that create business opportunities for challengers and incumbents alike.

Manel Sarasa, CEO of Openbravo said: "We are extremely proud to have been selected for this accolade. In providing the world's most powerful and usable Open Source ERP, our team strives for innovation, quality and cost-effectiveness, so to have these efforts recognised on such a scale is very valuable to us. To be recognised by an organisation such as Red Herring is a very respectable achievement and we are very pleased to have won such a prestigious award, and will do our utmost to further apply our knowledge and hard work into further honours in 2007 and beyond."