Arctern Consulting Pvt. Ltd., and affiliate Arctern, Inc. a global provider of information technology (IT) and business process outsourcing services (BPO), has won the coveted ?2010 Red Herring 100 Asia Award? at Red Herring?s Asia 2010 Conference & Awards function held in Shanghai, China.
The award recognizes Arctern amongst the 100 most promising companies in the Asia-Pacific (APAC) region that have distinguished themselves by their innovations and technology adaption in their respective industries.
?It is an absolute honor to be presented this year?s Red Herring 100 Asia award,? said Arctern?s Managing Director, Bijal Mehta. ?We feel proud to stand with the 100 best technology companies in the APAC region, selected from an impressive list of nominations through Red Herring?s well established and rigorous evaluation process. The award will certainly inspire us to continue striving for operational and service excellence, innovation, and improvement in customer satisfaction.?
Hand-picked by Red Herring’s editorial team, the winners were chosen from hundreds of companies from the mobile, security, Web 2.0, software, hardware, biotech, and clean tech industries whom sent in their submissions for the distinguished award.
?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 Arctern embodies the vision, drive and innovation that define a successful entrepreneurial venture. Arctern should be proud of its accomplishment, as the competition was very strong.?
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 was complemented by a review of the track record and standing of startups relative to their sector 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.