AppLabs is a Finalist for the Red Herring 100 Global Award
January 13, 2010
Philadelphia, Lindon, USA; London, UK; Hyderabad, India:
AppLabs, the world's largest software testing and quality management company, today announced that it has been selected as a finalist for Red Herring's Global 100 award, a prestigious list honoring the year's most promising private technology ventures from around the world.
Commenting on the recognition, AppLabs' Founder and President, Sashi Reddi, said, "We are honored that Red Herring has recognized our success. As a player in a very niche segment of testing business, being in this elite group is a significant achievement for us. This recognition is indeed a testimony for the increased preference from businesses to select 'independent testing provider' to improve the overall quality of their software. We owe this to the continued confidence that our customers reposed in our service delivery".
"This year was especially difficult," said Alex Vieux, publisher and CEO of Red Herring. "Despite the global economic situation, there were many great companies producing really innovative and amazing products that we had a difficult time narrowing the pool and selecting the finalists. Now we're faced with the arduous task of selecting the final 100 winners of the award. We know that this year's crop will grow into some amazing companies that are sure to go far."
The Red Herring editorial team selected the most innovative companies from a pool of 1,200. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.
Finalists for the 2009 edition of the Red Herring Global 100 award are selected from the regional recipients or finalists of the Red Herring 100 awards in 2007, 2008, or 2009 ranging from Asia, Europe, and North America. For the past three years, the award has been given to the top 100 global technology companies based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, and clean tech industries sent in their submissions to qualify for the award.
The CEOs of the 200 finalists are invited to present their winning strategies at the Red Herring Global Conference in Laguna Niguel, California, January 12-14, 2010. The Top 100 winners will be announced at a special awards ceremony at the event.
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“Since the outset, AppLabs has been a fundamental component of the overall project team. Their experience and professionalism in the field of testing and integration has brought significant value to the project and Sun in general. Their relationship with our client has also developed, ensuring Sun has a place at the table in many of the strategic and tactical discussions that are associated with most projects.”
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