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MindMeister Selected as Finalist for the Red Herring 100 Europe 2008

Collaborative mind mapping tool shortlisted for prestigious award of top private technology companies based in the EMEA.

: MindMeister chosen as Finalist

(pressebox) Malta, 25.03.2008, Red Herring today announced that MindMeister (www.mindmeister.com) was named a Finalist of Red Herring 100 Europe, an award given to the top 100 private technology companies based in the EMEA (Europe, Middle East and Africa) region each year.

MindMeister is an innovative Web 2.0 application comparable to Google Docs or Spreadsheets that enables users to create, manage and share mind maps online and access them anytime, from anywhere. As a crucial differentiator to desktop-based programs, MindMeister for the first time allows friends and colleagues to work on their maps simultaneously, with real-time population of changes, and just using a standard web browser.

“This year’s impressive list of submissions from companies demonstrates Europe’s growing role as a major center of innovation in the global technology sector,” said Red Herring Editor-in-Chief Joel Dreyfuss. “The exceptional accomplishments of European technology startups 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 publication’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 several hundred 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.

“Being shortlisted for the prestigious Red Herring award is a tremendous validation of our efforts to make MindMeister the best online mind mapper“, said Michael Hollauf, co-founder and CEO of Codemart, the company behind MindMeister. “The jurors have shown in the past that they have a knack for finding the best new companies out there - we’d like to think they’ve done it again!“

Red Herring will honor the Red Herring 100 Europe Finalist companies at its Red Herring Europe 2008 event. Scheduled for April 14-16, at the Westin Dragonara Resort, 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.

About Red Herring
Red Herring is a global media company which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at www.redherring.com.

About MeisterLabs GmbH

Codemart, the company behind MindMeister, is a privately held software development company specializing in highly usable web applications, mainly built on the Ruby on Rails technology. Our team of skilled nearshore developers provides top quality services at attractive rates. Committed to the “less is more” principle, we think that in software, like in most things, simplicity is the key to success.