Thursday, November 28, 2013: *astTECS, a leading provider of Enterprise Telecom Technology Products and Asterisk based Open Source Communication Solution, today announced that the company has been awarded Red Herring’s 2013 Top 100 Global award, a prestigious recognition honoring the year’s most audacious and far reaching private technology companies and entrepreneurs from across the globe.
“This global recognition is truly an honour for us and recognizes *astTECS innovative use of technology for the emerging markets,” said Mr. Devasia Kurian, Managing Director, *astTECS. “I dedicate this award to our customers, partners and employees and thank them for inspiring innovation, relentless efforts and continued support”, he added.
Red Herring announced its Top 100 Global in recognition of the leading private companies from North America, Europe, and Asia today, celebrating these startups’ innovations and technologies across their respective industries.
Red Herring’s Top 100 Global 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 the globe to the Top 100 Winners. We believe *astTECS embodies the vision, drive and innovation that define a successful entrepreneurial venture. *astTECS should be proud of its accomplishment, as the competition was the strongest it has ever been.”
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 records and standing of startups 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 from around the world.