Phoenix was conferred the prestigious 2013 Red Herring Top 100 Asia Award on 5th September 2013.  The Red Herring Team selected the Top 100 most innovative leading private companies from a pool of hundreds from across Asia. The nominees were evaluated on both quantitative and qualitative criteria, such as financial performance, technological innovation, quality of management, execution of strategy, integration into their respective industries and market penetration.

This unique assessment of potential is complemented by a review of company track records and standings of startups relative to their peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Asia.

“Entrepreneurship in Asia has reached an inflexion point, and as a result Red Herring Asia 2013, has shifted into a new phase, and Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “He said that a second generation of entrepreneurs with CEO backgrounds is emerging and their execution skills and global ambitions lead to restless growth and amazing journeys. As importantly, we are seeing more companies from countries once absent from innovation circles. Phoenix IT Solutions showed great promise and therefore deserved to be in the finalists of Top 200 and after rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across Asia to the Top 100 Winners. We believe Phoenix IT Solutions embodies the vision, drive and innovation that define a successful entrepreneurial venture. The wealth of talent and achievements displayed by Red Herring Asia finalists is an excellent predictor for the new world rising said Alex Vieux.”

Red Herring is a global media company that unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums including print, online and exclusive events worldwide. From Amsterdam to Hong Kong to Los Angeles, Red Herring provides an insider’s access to the global innovation economy, identifying new and innovative technology companies and entrepreneurs featuring unparalleled insights on the emerging technologies driving the economy. Red Herring editors were among the first to recognize companies such as Facebook, Twitter, Google, Yahoo, Skype, Baidu, Salesforce.com, You Tube, and eBay in their early stages and that they would change the way we live and work.

After presenting the winning strategies at the Red Herring Asia Forum in Hong Kong on 5th September, Phoenix IT Solutions was selected by a distinguished panel of judges and won the 2013 Red Herring Top 100 Asia Award. Speaking on the occasion, Mr.Muralikrishna Gannamani, CEO & Managing Director of Phoenix IT Solutions said, our product offerings and growth achieved by focusing exclusively in the Energy and Utility space over the last decade is a testimony to the commitment and drive exhibited by our entire team at Phoenix and I am very happy that Phoenix IT Solutions is positioned in the 2013 Red Herring Asia Top 100 list.