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D-SIMLAB Selected as a 2010 Red Herring Global Top 100 Tech Startup

One of three companies from Singapore to receive the award

D-SIMLAB Technologies Pte Ltd (“D-SIMLAB”), the Singapore-headquartered leading provider of high-performance, simulation-based business analytics and process optimization solutions is one of the Top 100 Global winners for the prestigious Red Herring Award. Last month, D-SIMLAB was among the 200 companies short-listed by Red Herring. The shortlisted companies were put through strict evaluation process that included both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. Red Herring also complemented the assessment with a review of the track record and standing of startups relative to their sector peers. This allowed Red Herring to see past the “buzz” and confer the award to only the best companies in the league around the world.

Red Herring‘s Global Top 100 Award, which has been running since 1996, is awarded to leading private companies from North America, Europe, and Asia, in recognition of their successful innovations and technologies across their respective industries. Red Herring’s Global 100 list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Google, Skype, Netscape, Salesforce.com, YouTube, eBay and many others would change the way we live and work.

“Choosing the best out of the previous three years was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed down our list from 1,200 potential companies to 200 finalists. Trying to get it down to 100 companies was a task upon itself. D-SIMLAB should be extremely proud of its achievement, the competition was difficult.”

Established in 2006 and incubated at Exploit Technologies, D-SIMLAB is a spin-off company from Singapore Institute of Manufacturing Technology, A*STAR. D-SIMLAB has been gaining significant traction in the Aerospace industry through D-SIMSPAIR, a software suite for managing component support contracts in a multi-airline, multi-station network. With a number of top players in the Aerospace industry as users, D-SIMSPAIR is on track to becoming the de-facto solution for components support contract design, management and execution. Also, D-SIMCON, the technology platform for optimizing semiconductor wafer fab operations is now undergoing multiple industrial implementations. D-SIMLAB is committed to provide high performance simulation-based business analytics and process optimization solutions for the asset-intensive industries that enable sustainable performance enhancements leading to sustainable savings. “The Red Herring award is another important milestone on our way to being recognised worldwide as a leader in simulation-based business analytics and process optimisation solutions,” said Peter Lendermann, Co-Founder and CEO of D-SIMLAB.

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