Redwood City, CA & Amritsar, Punjab (PRWEB) August 31, 2014
Pixatel Systems announced today it has been selected as a finalist for Red Herring's Top 100 Asia award, a prestigious list honoring the year’s most promising private technology ventures from the Asian business region. Pixatel’s develops and deploys innovative e-Learning systems to enable literacy and citizen empowerment. Pixatel also announced record growth in the last year, with 500% year over year growth in fiscal year 2013.
“We are excited to receive this honor and even more excited about our future plans for Asia,” said Jasjit Singh, Senior Vice President at Pixatel. “We have invested in scaling our operations in Asia for the past year and are pleased to see positive results, both in terms of revenue and market traction. Early results of our e-Learning platform show significant gains for mathematics education and we plan to invest further in product development and expanding our footprint.”
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across Asia. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technological innovation, quality of management, execution of strategy, and integration into their respective industries. This unique assessment of potential is complemented by a review of company track records and standings, which allows Red Herring to see past the “buzz” and make the list a valuable tool for discovering and advocating for the best business opportunities in the industry.
"Entrepreneurship in Asia has reached an inflexion point, and as a result, Red Herring Asia 2014 has shifted into a new phase," said Alex Vieux, publisher and CEO of Red Herring. "A second generation of entrepreneurs is emerging and their execution skills and global ambitions is leading to great companies, solid growth and a global footprint. As importantly, we are seeing more companies from countries once absent from innovation circles. Pixatel Systems shows great promise and therefore deserves to be among the finalists. Now we are faced with the difficult task of selecting the Top 100 winners of Red Herring Asia. We know that 2014 will reward us for a long and continued effort scouting disruptive companies in Asia.”
Pixatel’s Cloud Based e-Learning platform, funded by USAID’s Development Innovation Ventures, is currently being piloted in India with an initial focus on mathematics. Pixatel plans to significantly scale the deployment of its e-learning platform in the coming year and will continue to invest in improving learning outcomes.
Pixatel is the leading provider of Citizen Empowerment Solutions, a set of services focused on solving critical development challenges. Pixatel imagines a world where everyone has access to literacy and utilizes e-Learning systems that enable universal access to knowledge, develop responsible citizenship, and foster a lifelong love for learning. Pixatel works with governments, enterprises, and content publishers around the world to develop and launch innovative services to address key strategic challenges.
About Development Innovation Ventures
USAID’s Development Innovation Ventures (DIV) is an investment platform that finds, tests, and scales new solutions to development challenges around the world. Through a year-round open competition, DIV seeks ideas that demonstrate cost-effectiveness relative to traditional approaches, that gather rigorous evidence of their intervention’s impacts, and that have the potential to scale through the public or private sector without long-term DIV support.