A UK based technology start-up business has been awarded a top European prize, previously won by the likes of eBay, Google and Skype.
Intamac Systems Ltd, based in Northampton UK and founded by entrepreneur Kevin Meagher in April 2000, has received this year's Red Herring Top 100 Europe award. The award, run by USA -based business magazine Red Herring, identifies the top 100 European private companies currently playing a leading role in innovation and technology.
Intamac's revolutionary Internet platform allows the public to monitor their home or business from anywhere in the world, with alerts and pictures being sent directly to their own mobile phones, neighbours or carers. 'We have developed new ways of protecting people and their property with simple low cost systems. In particular, the technology will revolutionise the care of the elderly in the community' says Kevin Meagher, CEO
Intamac's technology has been adopted in high street products by companies such as BT, Linksys and Yale.
'This award marks a significant turning point in our company's development. We have just signed major contracts in two new countries outside Europe, and are helping define the Digital Home initiatives of the future. This award acknowledges our sound business strategy for growth', said Kevin Meagher, Intamac CEO on receiving the award.
To choose the award winners, 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.
'Market obstacles remain but our list shows that great companies are being created in Europe,' said Red Herring editor -in -chief Joel Dreyfuss.