SUVITECH is a Finalist for the 2010 Red Herring 100 Asia Award

Bangkok, Thailand – October 26, 2010 – Suvitech Company Limited, a leading software and IT services company based in Thailand, 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 from the Asia 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 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. Suvitech shows great promise therefore deserves to be among the Finalists. Now we’re faced with the difficult task of selecting the Winners of the Top 100 Asia Award. Finalists for the 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 mobile, security, Web 2.0, software, hardware, biotech, and clean tech industries were screened and reviewed before the list of finalists for the award was selected..

The Finalists are invited to present their winning strategies at the Red Herring Asia forum in Shanghai, November 15-16, 2010. The Top 100 winners will be announced at a special awards ceremony on November 16 at the event.

Subin Bhatia, CEO of Suvitech said “We are very proud to have made it to this list of finalists. Red Herring Asia 100 list is a very prestigious list, and to be named as one of the few companies in the region who have managed to reach the final round makes us feel very special. I hope we are able to go one step further and win the award”.

About Suvitech
Suvitech is a Software Services Company based in Thailand. Suvitech delivers integrated products, system development, system integration, outsourcing and consulting services to large corporations in Thailand and across the Asia-Pacific region. Our customer base is from various industry sectors such as Telecommunications, Finance, Retail and Government. In addition to the various domestic recognitions, Suvitech has been selected as one of the leading IT services companies in Thailand by an EU Government body. It has also been named as one of Thailand’s fastest growing IT companies in a recent report by one of the leading global research companies. More information about Suvitech is available online at www.suvitech.com.

About Red Herring
Red Herring is a global media company, which unites 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 access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available online at www.redherring.com.

Khun Chulalak (Mink)
19/2-3 Fragrant 71, Pridi Banomyong 14
Sukhumvit Soi 71, Watana
Bangkok 10110
Thailand

This release was published on openPR.