For 10 years, Red Herring's editorial team has evaluated entrepreneurship around the globe. The Red Herring 100 list is regarded as the instrument to discover and advocate the promising privately held start-ups that will change the world with their innovation. The nominees are judged on innovation, management strength, market size, investor record, customer acquisition and financial health. Past award winners include Google, Yahoo!, Skype and YouTube.

"We are honoured to be selected as one of the finalists among the top companies from Europe, North America, and Asia for this esteemed award. The nomination goes to show that we have the right mix of expertise, knowledge and vision to make this a success, " comments Mark Sorsa-Leslie, Managing Director of HammerKit.

"Our technology provides a uniform, simplified development process that allows more people to create new web applications quicker than ever before. Our vision is to become the world's leading component assembly platform. You can think of HammerKit as the IKEA of the web, bringing well designed, easy-to-assemble components that almost anyone can assemble to create great web applications," Sorsa-Leslie continues.

Red Herring has previously named Red Herring 100 Europe, North America and Asia, setting the stage for unveiling of the Global 100 in January. Executives from the Top 200 Finalists companies are invited to present their company strategies at the Red Herring Global event in San Diego.