Four Israeli starts-ups won this year’s Red Herring Global 100 Awards in January: Video commerce solutions developer Qoof; SAP upgrade and support company Panaya; Internet video and P2P caching solutions developer Oversi and thin server developer MiniFrame.

The companies earlier won the Red Herring Europe 100 Awards.

The editorial staff of the Red Herring international media company evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration.

The competition was first held in 1996. Past winners include Google, Yahoo, Skype, Netscape,, YouTube and eBay.

Over the years, numerous Israeli start-ups have won the Red Herring Europe 100 Awards, including 16 companies in 2009, four of which made the Global list. In 2009, three Israeli start-ups also made the Red Herring North America 100 Awards: Correlix, Promisec and OpTier, all of which are headquartered in New York and have R&D centers in Israel.