Proteans Wins 2009 Red Herring Global 100 Award

Bangalore, India, January 27, 2010 --(PR.com)-- Proteans Software, a Bangalore-based Outsourced Product Development company and winners of 2009 Red Herring 100 Asia award today announced that it has received the 2009 Red Herring's Global 100 award - a prestigious list honoring the year’s most promising private technology ventures from around the world. Red Herring’s Global 100 award is in recognition of the leading private companies from North America, Europe, and Asia, celebrating these startups’ innovations and technologies across their respective industries.

Red Herring’s Global 100 list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Google, Yahoo, Skype, Netscape, Salesforce.com, YouTube, and eBay would change the way we live and work.

Proteans are among the 10 Indian firms to figure in the Global 100 list. “It is a privilege to receive this recognition of being in the Global 100 list. It reinforces our success as a software R&D partner for several product innovation stories across the globe. We will continue to invest on improving our capabilities to innovate and deliver world class software”, says Sudhakar Gorti, CEO at Proteans.

“Choosing the best out of the previous three years was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed down our list from 1,200 potential companies to 200 finalists. Trying to get it down to 100 companies was a task upon itself. The top 100 companies who were chosen should be extremely proud, the competition was difficult.”

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 is 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 an invaluable instrument of discovery and advocacy for the greatest business opportunities from around the world.

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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