hCentive selected as a Finalist for the 2011 Red Herring Top 100 Asia Award

Reston, VA – October 10, 2011 – hCentive, Inc. announced today it has been selected as a Finalist for Red Herring's Top 100 Asia award, a prestigious list honoring the year’s most promising private technology ventures with presence in Asian business region.

The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across Asia. 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 year was very rewarding," said Alex Vieux, publisher and Chairman of Red Herring. "The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. hCentive shows great promise therefore deserves to be among the Finalists. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring Asia. We know that the 2011 crop will grow into some amazing companies that are sure to make an impact."

Manoj Agarwala, President & COO of hCentive Inc, says, “We are honored to be part of this elite list. Being nominated for this award is a validation of our innovative approach and industry leading products. hCentive is growing at a breakneck speed and our products are seeing tremendous uptake in the American healthcare industry, both in the private as well as the government sector. We look forward to exciting times ahead and thank Red Herring for this recognition.”

Finalists for the 2011 edition of the Red Herring 100 Asia award are selected 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, mobile and other industries completed their submissions to qualify for the award.

hCentive is in the business of simplifying the complex world of health insurance. hCentive provides technology solutions for health insurers and state health. These solutions help them reduce cost and administrative complexity, while enhancing relationships with their customers.

hCentive is the first organization to build an exchange solution from the ground-up post the PPACA. hCentive has developed a deep understanding of the healthcare reform and have created solutions and services that align with federal and state regulations and meet or exceed all industry standards.

The hCentive WebInsure Consumer and WebInsure Group platforms help health insurers cost effectively acquire individual and small business customers. The hCentive WebInsure State platform helps states create a health benefits exchange to comply with health insurance exchange requirements of the Patient Protection and Affordable Care Act of 2010.

hCentive, Inc
Robin Singhvi
800-984-7952
media@hcentive.com
12355 Sunrise Valley Drive, Suite 630,
Reston, Virginia 20191

This release was published on openPR.