Red Herring announced its Red Herring Europe award winners today, recognizing Europe’s leading private companies and celebrating these startups’ innovations and technologies across their respective industries.
Red Herring’s Top 100 Europe list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring’s editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
“Selecting startups that show the most potential for disruption and growth is never easy,” said Alex Vieux, publisher and CEO of Red Herring. “We looked at hundreds and hundreds of candidates from all across the continent, and after much thought and debate, narrowed the list down to the Top 100 Winners. Each year, the competition gets tougher but we believe WordDive demonstrates the vision, drive and innovation that define a Red Herring Top 100.”
Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technological innovation, management quality, overall business strategy and market penetration. This assessment was complemented by a review of the track records and standings of similar startups in the same verticals, 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 in Europe.
WordDive, a language learning service from Tampere, has received another award. This time, the award went to WordDive's mobile application, which was voted the best in Finland. The service, which is spreading around the world and being used in over 130 countries, is the only fully web-based language learning service that learns to know each user personally and optimizes the exercises for each individual user. Both the game industry and the education field benefit from Finnish world-class mobile know-how.
"Makes it easy to learn vocabulary, spelling and pronunciation. You will learn languages in a personalised way at your own pace. The fastest way to start using a new language," was the verdict of the jury, chaired by the Minister of Education and Science Krista Kiuru.
WordDive team with the representative of the jury Kenneth J. Jönsson (left) and Mikael Jungner, who awarded the prizes (right).
WordDive's base algorithm, hailed as ingenious, learns to know each user and optimizes the exercising personally. It has a patent pending in the United States.
Another central advantage of the mobile service is keyboard-related. A smartphone can be as powerful as a PC, but its text input is far behind in usability. The WordDive application has its own virtual keyboard, developed specifically for learning foreign languages, which puts the smartphone on the same level with PCs as a learning tool.
These two breakthroughs are central to explaining the success of WordDive's mobile application.
The majority of WordDive users in over 130 countries consists of independent learners with a need to improve their language skills quickly. In Finland, the number of people preparing for the matriculation exam with WordDive is growing in leaps and bounds. Of those who used WordDive to prepare for this fall’s exam, 90% recommended the service for next year's abiturients, which is strong proof of WordDive's usefulness. Students preparing for comparable exams abroad are also an important target group for WordDive's global growth.
Language proficiency is becoming more and more important in today's increasingly international job market, where language skills play a major role in career development as well as getting hired in the first place. WordDive is an efficient way of refreshing and developing one's skills for those already in the working world.
”WordDive's main goal for 2015 is to achieve a major market position in China, Germany and Russia. The growth is made easier by having a product that is unique on the global scale, as well as by modern application stores where anyone can download our app," says CEO Timo-Pekka Leinonen.
Timo-Pekka Leinonen, CEO, tel. +358 40 506 6048
WORDDIVE IN BRIEF
WordDive is a Tampere-based company developing advanced e-learning solutions and now experiencing rapid global growth. WordDive has been recognized both in Finland and internationally.