June 16, 2011 – Bethlehem, PA – Adaptik Corporation, providers of adaptive policy administration solutions for the P&C insurance industry, today announced that they have been selected as a Red Herring Top 100 award recipient. This award recognizes the leading private companies across North America and celebrates their innovation, technology and way of doing business.

Red Herring evaluated over 1,200 applicants on a range of criteria including financial performance, technology, innovation, management quality, strategy and market penetration.  Adaptik Corporation was selected from 200 finalists to be one of the 100 award recipients.

“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe Adaptik embodies the vision, drive and innovation that define a successful entrepreneurial venture. Adaptik should be proud of its accomplishment, as the competition was very strong.”

“We are honored to be included in this year’s Red Herring 100,” said John Pettit, President and CEO of Adaptik Corporation.  “This award is a validation of our technology, innovation and hard work over the last 11 years.  We look forward to building upon this recognition and to continue to provide P&C insurers with a flexible and easy-to –use policy administration solution.”

The final stage of judging and a live presentation took place at the Red Herring North America Forum in Hollywood, California, June 13-15. The 2011 Top 100 were announced at a special award dinner on June 15. Click here to view the complete list of the Top 100 North America.