Red Herring Asia 2009, 100 Finalist

"Red Herring nominates ANNOVA Technologies as Finalist for Top 100 Promising Startups in Asia"

Hyderabad, Oct 30th, 2009

ANNOVA Technologies has been nominated by Red Herrings as a finalist for the Top 100 Promising startup companies in Asia this year. The Red Herring panel uses a very competitive process to decide short-list the Top 100 finalists from a pool of over 1,000 eligible promising companies. The criteria for evaluation included various quantitative and qualitative parameters like financial performance, innovation, management, global strategy, and ecosystem integration.

Says Santosh Nandi, C.E.O., ANNOVA Technologies, on being nominated as finalist "It is indeed a privilege to be nominated by Red Herring as the Finalist for Top 100 Promising startup companies in Asia, from the overall list of more than thousand other companies. We feel really proud of this accomplishment and would surely strive hard in future to be on the Red Herring list in the coming years."

About ANNOVA Technologies Pvt. Ltd. [www.annova-tech.com]

ANNOVA Technologies is an innovation based, high quality performance oriented company focused in providing high quality digital map data, Telecom RF Data, GPS based vehicle tracking solutions and consumer navigation services.

The company has evolved constantly in its pursuit to provide quality products, year after year, to large enterprise customers and directly or indirectly to more than a billion people. With over 100 employees’ count and offices in Hyderabad, India and San Diego, CA, USA, the company has shown a strategic growth in the year 2009 including several deals signed on this current year. Apart from servicing Geo-spatial solutions to global and Indian enterprises, it is currently promoting its lead brands, namely,

RFVERSA – The most trusted RF Maps brand for all Indian Telecomm Operators. [www.rfversa.com]

TRACKVERSA – The Vehicle Tracking Solution that exploits the power of Mobile phones. [www.trackversa.com]

MAPVERSA – The only Indian Navigator that works on the un-organized Indian addressing system/Indian roads. [www.mapversa.com]

About Red Herring [www.redherring.com]

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 research, and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy.

Red Herring’s lists of top private companies are an important part of the publication’s tradition of identifying new and innovative technology companies and entrepreneurs. Companies like Google, eBay, SatNav and Skype to name some of the top Global companies and Imimobile, Carwale.com, Yatra.com and Mindtree Consulting are amongst the recent successful Indian companies that were spotted in their early days by Red Herring Team, and pushed as leaders that would change the way we live and work.

The Red Herring Top 100 Asia Finalists Event happens on November 10th and 11th, 2009 at Shanghai, China.