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Manthan Systems wins top innovator award, by The 2008 Red Herring Asia 100

11 - Dec - 2008, Bangalore Red Herring today announced that Manthan Systems, a leading provider of retail analytics and business intelligence solutions, was a winner of The Red Herring 100 Award, a selection of the 100 most innovative private technology companies in Asia. The Red Herring editorial board diligently surveyed the entrepreneurial scene throughout Asia and identified the top 100 out of more than 1,000 closely evaluated companies that are leading the next wave of innovation. An ecstatic Atul Jalan, Chief Executive of Manthan Systems said, "We have come a long way in our journey to realize our vision, to enable decision making for retail. We crystallized our progressive ideas into groundbreaking analytic solutions that epitomize innovation and excellence. We have built a successful business model to help our customers benefit from the sciences of analytics and technology. Today we have developed an ecosystem that is geared to drive sustainable growth for Manthan's investors and associates, and of course continue to drive significant value for our customers. This award underscores Manthan's achievements so far in this journey." "Our winners and finalists demonstrate that Asia is increasingly becoming a leader in innovation, contrary to common stereotypes," said Joel Dreyfuss, editor-in-chief of Red Herring. "It was tough to choose just the top 100 finalists from such a large list of excellent contenders, and we are very happy with the quality of the companies we selected as finalists." 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. For more information visit www.redherring.com

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