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The creation of the list of top companies in the private sector is by now a Red Herring tradition that aims at drawing attention to new and innovative technology companies and entrepreneurs. Former winners included companies like Google, eBay and Skype.

Gameforge CEO Klaas Kersting declares: "Getting the Red Herring award as the only game developer from Germany among 100 technology companies confirms yet again our leading role in the market of online games. We have achieved a great deal in just four years. Today, more than 52 mio. people in 36 countries play our online games. The award is one more incentive for our ambitious global growth objectives. We have established another milestone in that direction with our recently opened branch in San Francisco," says Kersting.

For the award, the Red Herring editing team evaluates several hundred private companies according to strict criteria. The assessment is based on the careful analysis of financial key figures and subjective corporate values such as business strategy, quality management and investment in research and development.