Proteans is a Finalist for the 2009 Red Herring 100 Global Award

Bangalore, India, December 25, 2009 --(PR.com)-- Proteans announced today it has been selected as a finalist for 2009 Red Herring's Global 100 award, a prestigious list honoring the year’s most promising private technology ventures from around the world.

“It is a proud moment for Proteans to win the 2009 Red Herring 100 Asia award earlier and to be selected as finalist for the 100 Global award and end the year on a high note. This recognition will motivate us to deliver on customer requirements with greater determination as we step into the New Year” says Sudhakar Gorti, CEO at Proteans.

The Red Herring editorial team selected the most innovative companies from a pool of 1,200. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.

This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.

"This year was especially difficult," said Alex Vieux, publisher and CEO of Red Herring. "Despite the global economic situation, there were many great companies producing really innovative and amazing products that we had a difficult time narrowing the pool and selecting the finalists. Now we’re faced with the arduous task of selecting the final 100 winners of the award. We know that this year’s crop will grow into some amazing companies that are sure to go far."

Finalists for the 2009 edition of the Red Herring Global 100 award are selected from the regional recipients or finalists of the Red Herring 100 awards in 2007, 2008, or 2009 ranging from Asia, Europe, and North America. For the past three years, the award has been given to the top 100 global technology companies based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, and clean tech industries sent in their submissions to qualify for the award.

The CEOs of the 200 finalists are invited to present their winning strategies at the Red Herring Global Conference in Laguna Niguel, California, January 12-14, 2010. The Top 100 winners will be announced at a special awards ceremony at the event.

About Red Herring
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 view of the global innovation ecosystem, featuring unparalleled insights on the emerging technologies driving the economy.

For more information contact Anam Alpenia at: aalpenia@redherring.com

About Proteans

Proteans is focused in Outsourced Product Development space catering to R&D organizations of Fortune 1000 companies, software vendors (ISVs), software-as-a-service (SaaS) and internet companies globally. Proteans comes in as a software R&D partner, and delivers architecture, design, development, testing, user interface design, performance engineering, release, and sustenance services, depending on specific customer needs. Proteans utilizes Distributed Agile methods and best practices to deliver value to its customers.

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