The prestigious new economy publication Red Herring has selected Jutel Oy as one of the recipients of its Top 100 Private Companies in Europe award for 2005.

Companies are chosen for this recognition in a two phase process, starting with 600 submissions from European and Israel companies. The list is trimmed to 200 semi-finalists and then to the Top 100.

The Red Herring editorial board announces its selections after evaluating business models, analyzing profitability forecasts, assessing management teams and examining technology.

The other Finnish companies being recognized this year along with Jutel are
Hybrid Graphics, CRF, Leiki and Meridea Financial Software.