Amsterdam – April 15, 2015
GiPStech, a leading developer of indoor localization technology, has been named one of the winners of the Red Herring Top 100 Europe award, a prestigious recognition of the most promising private tech companies in the European innovation ecosystem.
Red Herring announced the 2015 winners today, celebrating the startups that have demonstrated excellence in technological innovation, scalability, and business strategy across a wide range of industries.
GiPStech impressed the jury with its proprietary indoor localization platform, which integrates geomagnetic and inertial algorithms to deliver outstanding accuracy — averaging 1 meter (3 feet) — without relying on external infrastructure. The system uses anomalies in the Earth’s geomagnetic field, naturally present in indoor environments, as a guiding signal that is free, stable, and highly reliable.
“Selecting startups that show the most potential for disruption and growth is never easy. We evaluated hundreds of candidates from across Europe. GiPStech stood out for its vision, innovation, and execution — all qualities that define a Red Herring Top 100 company.”
“We at GiPStech are proud of this recognition. We knew we had the most innovative indoor localization platform — one that enables infrastructure-free precision. But we didn’t expect to be among Europe’s top tech companies, let alone the only Italian company included in the list.”
The Red Herring editorial team evaluated companies using both quantitative and qualitative criteria, including financial performance, technological innovation, team quality, go-to-market strategy, and competitive positioning. The final list reflects startups that are truly shaping the future of their sectors.
For more informations visit: http://www.redherring.com and http://www.redherring.com/events/red-herring-europe/2015-winners/
