Red Herring Top 100 Recognizes Most Promising Technology Companies

Lucidworks develops enterprise-grade search solutions that utilize the Apache Lucene/Solr open source search platforms. An award-winning company in California, Lucidworks was named a finalist for the Red Herring Top 100 North America award in June 2017. The annual ranking celebrates the most innovative private technology companies in the business regions of North America, Europe, and Asia.

Established in 1996, the Top 100 highlights promising startup companies and serves as an instrument for discovering exciting new ventures domestically and internationally. The listing focuses on companies in the technology and life science sectors that are privately owned and headquartered in the corresponding award program region. Recognition as a Red Herring Top 100 company grants industry prestige and indicates a high degree of financial performance and technological innovation.

Red Herring selects Top 100 recipients according to a three-step process that examines numerous aspects of the nominated companies. Using a scaled or absolute number analysis, nominees are evaluated on more than 20 criteria that include growth rate, market size, social contribution, and team quality and experience. Judges also consider nominee’s technological advantages and the track record of its leadership team and CEO.