29 August 2007

Red Herring Magazine today named Manthan Systems as a finalist for the Red Herring 100 Asia 2007 awards. Manthan Systems is the company behind the hugely successful product ARC - an integrated retail BI suite that is exclusive to the retail industry.

Manthan was selected by the Red Herring editorial team following a stringent selection procedure. While over 600 companies from the region had applied for the awards, only 200 companies made it to the final list. The finalists‚ based in 16 countries/regions including China‚ India‚ Japan‚ Singapore‚ Korea‚ Australia and Vietnam‚ can be found online at http://www.herringevents.com/asia07/index.html

"The 200 finalists we selected from across 16 countries and regions are all excellent contenders," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "They are exceptional companies who thrive on innovation and strongly define the important role of technology in Asia's economy and throughout the world."

Anand Sri Ganesh, Director of Marketing at Manthan, said, "Our nomination as a finalist for the 2007 Awards is in fact a definitive recognition for ARC. We have always believed that ARC was a ground breaking product on many fronts - it is a best-of-breed retail centric business intelligence solution that offers clients the advantage of achieving enterprise-wide deployment in 16 weeks or less."

Red Herring 100 Asia is an exclusive event honoring 100 cutting-edge private technology companies from across the Asia-Pacific region. The event brings together an elite roster of entrepreneurial and global venture investment firms to showcase excellence in innovation.

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