Warwick Technology Park's Allinea Software - the world leader in tools for parallel software - has been recognised by Red Herring as a Global 100 winner - the award that honours the fastest growing private companies from North America, Europe, and Asia.

Allinea's unique software tools allow software developers and scientists to take full advantage of the latest and most powerful computers (supercomputers) - making hard-to-write parallel software work "right first time".

Allinea is recognised by suppliers and buyers as the world leader and innovator in this market - used on 35 of the top 100 supercomputers worldwide.  Its products include the world's first petascale* debugger - enabling users to fully debug programs running on the world's largest supercomputers. As mainstream computing moves toward parallel architectures, Allinea's tools are also increasingly being used in multi-core and embedded applications by leading processor chip manufacturers.

Red Herring's Global 100 list has become a mark of distinction for identifying promising companies and entrepreneurs. Red Herring editors were among the first to recognise that companies such as Google, Skype, Baidu, Salesforce.com, YouTube, eBay and many others would change the way we live and work.

"This is a fantastic endorsement - not just of Allinea's technology leadership - but also of our market position and business model", said Mike Fish, CEO at Allinea, "After winning the Red Herring Europe 100 earlier this year, this Global award reflects both the depth of Allinea's presence in the US and Europe, and our recent successes in Japan, China and Taiwan."

Dr Everard Mascarenhas of Mercia Fund Management (a major Allinea investor), commented, "It was clear to us that Allinea has a world class technology and we congratulate the management team and employees on receiving this prestigious award." Allinea adds to the pool of award winners backed by Mercia Fund Management: another recent award win for a Mercia Fund Management backed company was Molecular Solar's Innovation in Development award win at the recent Lord Stafford Awards.

Alex Vieux, Chairman of Red Herring on choosing the winners: "After rigorous contemplation and discussion, we narrowed down our list from 1,100 potential companies to 100 winners. It was an extremely difficult process. Allinea Software should be extremely proud of its achievement; the competition for the Top 100 was fierce. The Top 100 Global are truly the best of the best."

The assessment of potential is complemented by a review of the track record and standing of start-ups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list an invaluable instrument of discovery and advocacy for the greatest business opportunities from around the world.

Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration.

* Note: "Petascale" computers operate at speeds measured in petaflops (ie 1015 calculations per second) and the "Race to Petascale" is currently under way by leading national labs around the world.