Adconion Media Group, the world’s largest independent online audience network, is the top European technology start-up in a recent survey conducted by Business Week and market research company YouNoodle.
The list includes the top 50 technology start-ups in Europe, the U.S., China, India, Israel and Russia that are attracting buzz and seem poised to grow beyond their respective regional or product markets.
The rankings are based on a YouNoodle Score – a 0-100 measurement of a start-up’s progress as an early-stage company. The score is based on a sophisticated algorithm using information from thousands of online sources: traffic, level of mainstream media coverage, funding, blogosphere activity, and other key factors.
Adconion has scored 64, making it the highest ranked European company on the list, ahead of Spotify (which scored 51); the score indicates that the company has experienced very strong growth (through traffic, funding or revenue).
Adconion, placed 18 in the overall list, is the only online advertising network to make the top 50. In funding terms, Adconion ranks 5th on the overall list with a total of $80 million (approx £49m) and has secured the most funding of any European start-up.
Tyler Moebius, Adconion CEO, says, “We’re really pleased to be the top ranking European tech company, ahead of big names like Spotify and Spain-based WiFi community Fon – both of which have generated a lot of noise in Europe. It’s great to see Adconion making waves beyond the online world; we hope to continue our successful growth through 2009 and beyond.”
You can see the entire list at: http://bwnt.businessweek.com/interactive_reports/tech_startups_you_should_know_2009/
