Twingly Among Top 7 Hottest Web Companies in Sweden

Twingly is one of the top 7 Internet companies in Sweden, according to a study co-published by Swedish weekly magazines Ny Teknik and Affärsvärlden ("New Technology" and "BusinessWorld" in English). The study lists the top 33 hottest technology-driven companies in Sweden and seven of them (including Twingly) have their primary businesses on the web. The study does not give a ranking among the 33 companies.

"It is an absolute honor and thrill to be selected among the top tech companies in Sweden. Although we're not even half-way to accomplishing the technology and user-value we envision, receiving this kind of recognition always gives a great feeling!" said Martin Källström, CEO of Twingly.

The top web companies in Sweden are according to the study (in alphabetical order):

• Agency9
• Keybroker
• Peerialism
• Spotify
• Twingly
• Videoplaza
• Yubico

The companies in the study were selected by the editorial staff att Ny Teknik and Affärsvärlden. Over a hundred companies were reviewed and interviewed in the study. Requirements for the reviewed companies were:

• To develop a unique product or service
• Have a large international potential and be a game-changer for their business sector
• Based in Sweden
• Be at the most seven years old (started in 2002 or later)
• Privately owned

Out of the 33 companies, about 23 have external financing summing up to 1,2B SEK ($150M USD). Adjacent to the study, several of the VC companies were also interviewed, most of them stating that they currently have limited activity in early-stage financing. Twingly recieved Series A financing from Servisen in 2007.

The other 26 top tech companies are (in alphabetical order):

• Absolicon
• Animech Technologies
• Applied Nano Surfaces
• Attana
• Bioprocess Control
• Chromogenics
• Diamorph
• Edgeware
• El-forest
• Glo
• Midsummer
• Micropos Medical
• Nanoradio
• Nolabs
• Olink
• Scandidos
• Sensodetect
• SP Devices
• Telepo
• TAT
• Tracab
• Transic
• Vertical Wind
• ÅAC Microtec

For more information, please contact:
Martin Källström, CEO of Twingly
+46 733 62 86 54, martin.kallstrom@twingly.com

About Twingly
Twingly is an Internet startup with offices in Linköping, Sweden. The company was founded in 2006 and develops the innovative blog search engine Twingly.com. The company delivers a blog service to 50 large newspapers and e-commerce websites around Europe. For more information, go to: www.twingly.com.

Follow Twingly on Twitter athttp://twitter.com/twingly and the Twingly blog at http://blog.twingly.com