[December 04, 2012]

TAGSYS RFID Selected as 2012 Red Herring 100 Global Award Winner

TAGSYS RFID, the leading provider of item-level inventory management systems that streamline the supply chain, today announced that Red Herring has selected it as a recipient of its Top 100 Global Award, a recognition of the leading private companies from North America, Europe, and Asia. The award follows the Top 100 Europe Award TAGSYS received earlier this year.

"This is a great honor and puts TAGSYS in elite company of the world's most outstanding companies. We are pleased that Red Herring (News - Alert) has chosen to recognize our global strategy to truly shift the paradigm of how companies manage their supply chains and inventory by leveraging the technical and business innovation on which our RFID systems are delivered," said Alain Fanet, CEO of TAGSYS.

Red Herring's Top 100 Global list has become a mark of distinction for identifying promising new companis and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter (News - Alert), Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

"Choosing the companies with the strongest potential was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across Global to the Top 100 Winners. We believe TAGSYS embodies the vision, drive and innovation that define a successful entrepreneurial venture. TAGSYS should be proud of its accomplishment, as the competition was the strongest it has ever been."

Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their peers, 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 from around the world.

About TAGSYS

TAGSYS RFID is transforming the way to connect, communicate and interact with goods. We provide item-level inventory management systems that streamline the supply chain. This enables companies to control pricing strategies, increase sales and improve customer satisfaction. For more than 15 years, TAGSYS has established a proven track record in deploying RFID systems in demanding environments. We have implemented RFID-based systems to more than 500 customers in 40 countries. TAGSYS leads the industry with the largest R&D investment to expand the potential of RFID. More information on TAGSYS can be found at www.tagsysrfid.com.

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