*astTECS selected as Finalist for the 2013 Red Herring 100 Global Award

Mr. Devasia Kurian, Managing Director, *astTECS.

Mr. Devasia Kurian, Managing Director, *astTECS.

Bangalore – Nov 05, 2013 –*astTECS, a leading provider of Enterprise Telecom Technology Products and Asterisk based Open Source Communication Solution, today announced that the company has been selected as finalist for 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.

“It is indeed a proud moment for us; we are truly delighted and honored to advance to the Top 100 Global finals. The recognition from Red Herring Global 100 further acknowledges our commitment to develop the most innovative enterprise communication products and exemplary solutions based on Open Source platform” said Mr. Devasia Kurian, Managing Director, *astTECS.

The Red Herring editorial team selected the companies demonstrating the most innovative technologies and business models originating from over 1000 companies from over 40 nations. These companies, representing past Red Herring Asia, Europe and North America awards, are judged on a range of qualitative and quantitative metrics, including but not limited to, technology innovation, financial performance, growth criterion, management’s execution standards, potential globalization of the strategy and market share improvement.

“Technology companies are becoming the bright spot in the economic outlook based on their increasing role within macro-economic environments,” stated Alex Vieux, Chairman of Red Herring. “2013 has demonstrated the sector’s vibrant activity and its contribution to the global economic recovery. An unprecedented number of entrepreneurs are jumping ahead of the competition and making a difference. Breakthroughs obsolete each other faster than ever before. *astTECS is performing exceptionally in its field and strongly deserves to be singled out as one of the Red Herring Global Finalists. At this stage, we are left with the daunting task to select the best qualified companies for the 2013 Top 100 Global Award.”

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The Finalists are invited to present their winning strategies at the Red Herring Global forum in Los Angeles, November 18-20 2013. The Top 100 winners will be announced at a special awards ceremony on November 20 at the event.

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