(PRWEB) September 22, 2012
Red Herring announced its Top 100 award in recognition of the leading private companies from Asia, celebrating their 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. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
"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 Asia to the Top 100 Winners. We believe Agile Financial Technologies embodies the vision, drive and innovation that define a successful entrepreneurial venture. Agile Financial Technologies should be proud of its accomplishment, as the competition was the strongest it has ever been."
"We are honoured to be a recipient of the Red Herring Asia Top 100 award. As an emerging leader in the provisioning of enterprise software products to the banking, financial services and insurance sector, this award is a true validation of the cumulative efforts of our teams, which include not only our associates but also our channel partners who have been servicing an ever-increasing customer community across 16 countries," said Kalpesh Desai, CEO of U.A.E. based Agile Financial Technologies, during the award ceremony held in Hong Kong.
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 the companies relative to their 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.
Agile Financial Technologies is a leading provider of enterprise software to the banking, financial services and insurance sectors, with a growing customer community of leading banks, insurance companies, investment management firms and financial institutions across 16 countries. Agile FT's investors include IDG Ventures, a global fund managing USD 6.8 Bn USD.