Since 1996, Red Herring has been awarding the most promising private companies from around the world, and its annual top 100 lists have become a much-awaited source within the industry for identifying the startups with the highest potential. The Red Herring Top 100 is compiled region-wise with separate awards for Asia, Europe and the Americas. This year, Noida-based TechAhead Software has made it to the Red Herring Asia Top 100 finalists.
Hundreds of companies from every region are reviewed every year, and nomination as a Top 100 finalist involves a rigorous three-stage process, during which the Red Herring team analyses all aspects of the company. In the first phase, judges look at the business model of each company in terms of technology focus and innovation. Companies that are not considered viable are eliminated at this stage. The second phase involves due diligence. It consists of a peer review, in which the judges get feedback from analysts in large consulting firms or experts from the VC community to review various aspects such as viability of the business model, revenue and growth projections and the competitive environment as well as the overall scenario in the particular sector. Following this, the finalists are shortlisted for the third phase, which involves live presentation and scoring at the Red Asia Awards event.
The finalists have to make a live presentation to the judges as well as the forum membership, which is scored. On the final day of the event, the scores are tallied and the Top 100 Winners are announced. “Entrepreneurship in Asia has reached an inflexion point, and as a result, Red Herring Asia 2014 has shifted into a new phase,” said Alex Vieux, publisher and CEO of Red Herring. “A second generation of entrepreneurs is emerging and their execution skills and global ambitions are leading to great companies, solid growth and a global footprint. As importantly, we are seeing more companies from countries once absent from innovation circles. TechAhead Software shows great promise and therefore deserves to be among the finalists. Now we are faced with the difficult task of selecting the Top 100 winners of Red Herring Asia.
We know that 2014 will reward us for a long and continued effort scouting disruptive companies in Asia.” Vikas Kaushik, CEO of TechAhead Software said, “We are honoured to be nominated to the Red Herring Top 100 finalists. It reinforces the vision that my co-founders and I had when we set up the company in 2009 to deliver quality, innovation and customer satisfaction. We look forward to the awards event in Hong Kong.”
About TechAhead Software
TechAhead provides expert mobile application development services for iPhone, iPad, Android, BlackBerry and Windows Mobile. Having developed hundreds of mobile apps, the company is one of the leading mobile application development companies and has offices in Houston-Texas, London-UK and Sydney-Australia. For more information on the company’s experience and capabilities, visit https://www.techaheadcorp.com/
About Red Herring:
Red Herring, a global media company, works towards providing a platform for bringing together global decision makers, technological innovators and venture investors, through forums such as a daily online technology news service, state of the art technology newsletters and a leading innovation magazine. It also organizes global events for technology driven companies where businesses and investors can get an “inside view” of the emerging technologies and the companies that are driving change in the sector. The Red Herring Awards honour the companies who excel in all spheres technology and innovation.