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20 January 2010 – SunTec, the leading provider of Relationship-based Pricing and Centralised Billing solutions, has won the prestigious Red Herring 100 Global award 2009. This honour reaches the 100 most promising technology companies across the globe, which are expected to lead the next wave of disruption and industry innovation, every year.
Qualitative and quantitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into the company’s ecosystem, in addition to each company’s global strategy that includes its ability to handle the challenges of internationalisation and global presence, are among the several benchmarks considered for this coveted recognition.
“Choosing the best out of the previous three years was by no means a small feat,” said Alex Vieux, publisher and CEO, Red Herring. “Red Herring’s list of top companies is an important part of the magazine’s tradition of identifying innovative technology companies and entrepreneurs around the globe. After rigorous contemplation and discussion, we narrowed down our list to 200 finalists. Trying to get it down to 100 companies was a task upon itself. The top 100 companies, who are chosen, should be extremely proud – the competition was difficult.”
Winners of the past include Google, Yahoo, Skype, Netscape, Salesforce.com, YouTube, and eBay.
“SunTec, with its business model and innovative product philosophy, was a strong contender among our list of promising 200 finalists vying for the global 100 position. They will certainly outgrow the markets and become a formidable force in the transaction pricing and billing space,” Alex Vieux added.
Accepting the award, K Nanda Kumar, CEO of SunTec said, “We are honored to be part of this year’s impressive list of Red Herring 100 winners. This award further validates our efforts in redefining the transaction pricing and billing space, transcending industry barriers and across verticals including telecom, utilities, ports, retail, hospitality, leasing and logistics.”
Red Herring is a global media company, uniting the world’s best high technology innovators, venture investors, and business decision-makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters, and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation ecosystem, featuring unparalleled insights on the emerging technologies driving the economy. For more information, visit www.redherring.com.