OREANDA-NEWS. February 11, 2011. Estonian information technology company GuardTime has been selected by tech magazine Red Herring among the top 100 most innovative companies in the world. This is a notable achievement since the final shortlist was made from among 1,200 candidate companies.

Commenting the nomination, Ahto Buldas who founded GuardTime in 2006 together with Mart Saarepera says that such rankings are nice, but the real achievement is business.

“The best guarantee for success is if your product is selling well,” he says modestly, adding that hopefully the Red Herring nomination will help to increase worldwide sales of GuardTime, a developer of innovative time stamp technology or a so-called digital fingerprint which enables to determine when the file is actually created. The fact that GuardTime is attracting attention among investors is shown also by the fact that the company recently raised over 6.5 million euros from a syndicate of investors which included the Government of Singapore and Li Ka-shing, a Hong Kong-based billionaire.

“GuardTime has every reason to be very proud of what it has achieved,” is how Alex Vieux, managing editor of Red Herring, commented the nomination. In earlier years, Red Herring rankings have helped to attract attention to such companies as Google, Skype, YouTube and eBay before these become worldfamous.