SUVITECH wins the 2010 Red Herring 100 Asia Award

The only Software/IT Services Company in Thailand to be selected as winner

San Mateo, CA - Red Herring announced its Top 100 Asia Award in recognition of the leading private companies from Asia, celebrating these companies’ innovations and technologies across their respective industries. Suvitech Company Limited, a leading software and IT services company based in Thailand, was named as one of the winners of Red Herring's top 100 Asia awards, a prestigious list honoring the year’s most promising private technology ventures from the Asia business region.

Red Herring’s Top 100 Asia 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 Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across Asia to the Top 100 Winners. We believe Suvitech embodies the vision, drive and innovation that define a successful entrepreneurial venture. Suvitech should be proud of its accomplishment, as the competition was very strong.”

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 companies relative to their sector 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.

“Suvitech was the only Thai company in information technology, software and services sector to win the 2010 award making it an extra special achievement” said Subin Bhatia, MD and CEO of Suvitech Company Limited. “This recognition is a result of the hard work put in by the whole of Suvitech team and we look forward to continue building on success achieved. The award will benefit not only in raising the profile of our company but also that Thai IT sector in general.”

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.

Suvitech Company Limited

Fragrant 71 Building,
19/2-3 Soi Pridi Bhanomyong 14,
Sukhumvit 71 Road, North Prakhanong,
Wattana, Bangkok 10110
Thailand
Tel: +(66) (0) 2382 3225-8
Fax: +(66) (0) 2382 3229

Press Contact: Chulalak Mink

This release was published on openPR.