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RateGain bags the Red Herring 100 Asia 2009 award

Posted On: 2009-11-24 10:21:47

- Recognized amongst the 100 "Most Promising" Companies Driving the Future of Technology

NOIDA, November 24, 2009: RateGain, the leading travel technology company, has added yet another feather to its cap. The company has been rewarded with membership of the most prestigious Red Herring 100 Asia for being the "Most Promising" company driving the Future of Technology.

Red Herring had evaluated more than 800 private companies through a careful analysis of financial data and subjective criteria. The qualifying criteria include quality of management, execution of strategy, and dedication to research and development.

"It has been a challenging and revealing year for most companies across the globe, yet Red Herring received a very impressive list of nominations from Asia Pacific." said Alex Vieux, CEO of Red Herring. He further added, "Companies that believe in constant innovation and consistent strategy, investing in people and technology, managed to overcome these difficult times and RateGain is one of them. They will certainly thrive in the marketplace and become a formidable force in the future."

Mr. Bhanu Chopra, CEO, RateGain, commenting on the recent recognition said, "RateGain has always given equal weight age to application of innovative technology, and value for the customer, resulting in such globally recognized awards and accolades. We express our sincere gratitude to the jury members for providing us the opportunity to be associated with one of the most respected technology awards in Asia. We are happy that our continuous endeavor to provide innovative technology solutions for online travel and Hospitality businesses is getting the recognition it thoroughly deserves. The whole team at RateGain would definitely be further motivated to greater heights with recognitions such as these"

Red Herring's annual lists of top private technology companies are an important part of the company's tradition of identifying new and innovative technology companies and entrepreneurs. To honor the CEOs of Red Herring 100 Asia companies, Red Herring invited each one to present to make a presentation at its Red Herring Asia 2009 event, November 10-11 in Shanghai, China.

Source: Equity Bulls

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