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Octaware Technologies Selected Asia Top 100 Tech Start-up of 2010 by Red Herring - Octaware Technologies, a Mumbai based software development, enterprise solutions and consulting firm wins laurels at the acclaimed Red Herring Asia 2010 Awards. This award acknowledges Octaware's presence in exclusive league of Top 100 Tech Start-up
Octaware Technologies Selected Asia Top 100 Tech Start-up of 2010 by Red Herring

 

PRZOOM - /newswire/ - Mumbai, Maharashtra, India, 2010/11/24 - Octaware Technologies, a Mumbai based software development, enterprise solutions and consulting firm wins laurels at the acclaimed Red Herring Asia 2010 Awards. This award acknowledges Octaware's presence in exclusive league of Top 100 Tech Start-up.

   
 
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At a power-packed function in Shanghai on 16th November, 2010, Red Herring announced its Top 100 Asia Award in recognition of the leading private companies from Asia, celebrating these start-ups’ innovations and technologies across their respective industries.

Red Herring’s Top 100 Asia list has become a mark of distinction for identifying promising new companies and entrepreneurs. Former winners such as Google, eBay, Skype, Facebook, and YouTube were discovered early on by Red Herring, who identified the potential of these companies as future Technology leaders changing the way we work and grow.

Hundreds of Technology companies across Asia including India, China, Australia, Japan, Singapore, Hong Kong, Korea, and Vietnam had submitted their applications for the prestigious award this year. A stringent review process, saw the short-listing of Finalists and after a further rigorous evaluation Octaware Technologies was announced as a winner.

Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of start-ups relative to their sector peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Asia.

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

Commenting on this achievement at Red Herring Awards in Shanghai, Mr.Aslam Khan, President, Octaware Technologies said “It was indeed a very strong competition with companies having some of the most refined ideas and innovation being a part of the Finalists and it was indeed inspiring to see them present their ideas. Needless to say having been part of such an august gathering is an accomplishment in itself. After being considered over some of the great achievers and having won the award is surely a great honour.”

Reflecting on the company values Mr.Khan added “It is an appreciation of the vision that Octaware stands for which is much higher than creating material wealth. It is more about adding value with growth opportunities, not just for itself but for the entire society. We are thankful to all our valued customers for their continued faith and to Red Herring for having acknowledged our services. This is recognition of the efforts expended by the entire Octaware family and I accept this award with all humbleness on their behalf.”

This award has provided a great boost to the confidence of all Octawarians and all are highly elated.

Mr.Sajid Hameed, Executive Vice President (R&D), Octaware Technologies said, “It is a hallmark of our continued endurance, consistent performance and excellence. This great news has been welcome by our well-wishers not just in India but even our customers abroad have appreciated this and have approvingly said that we deserved it. Having won this award is not an end but it is the beginning of our next endeavour and a motivation to continuously perform better and deliver. We have to live up to the expectations and exceed them.”

Mr.Khan added, “Participating in this competition has brought us face-to-face with some of the excellent ideators, innovators and entrepreneurs in the industry and it is such sense of innovation and entrepreneurship that we would like to see being imbibed with every individual of our society.”

About Octaware Technologies

Octaware Technologies (octaware.com) is a software development, enterprise solutions and consulting firm known for excellent project management, exceeding expectations of customers and delivering high quality solutions. With offices in Mumbai, Seattle, Doha, Jeddah and development centres in Mumbai and Pune, Octaware is dedicated to help clients improve their business productivity by building and implementing high-quality, comprehensive and cost-effective solutions to meet the client’s business requirements.

For securing appointment with Mr.Aslam Khan Or Mr.Sajid Hameed or any further information about Octaware.

 
 
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Octaware Technologies Selected Asia Top 100 Tech Start-up of 2010 by Red Herring

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Contact: Syed Najeeb - Octaware.com 
+91 22 28562525 pr[.]octaware.com / najeeb[.]octaware.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Octaware Technologies securities in any jurisdiction including any other companies listed or named in this release.

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