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.

“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."

Speaking on the achievement, Mr. Praveen Kankariya, CEO, Impetus Technologies said, "This is a big achievement for the entire Impetus family. We are truly privileged to see ourselves in the Winners’ list. This recognition is a manifestation of hard work and dedication of each and every employee of Impetus."

The 100 winning companies have been announced at the Red Herring Asia event in Hong Kong. The CEOs of the winning startups presented their innovative ideas and technologies to an audience of leading entrepreneurs, financiers, and corporate strategists at the event at the Hong Kong JW Marriott Hotel earlier this week. For the full list of Red Herring Asia winners please go to:

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 on the Internet at www.redherring.com .

About Impetus:

Headquartered in San Jose, Impetus Technologies provides outsourced software product design, R&D and related services to leading global software product companies. Impetus has been involved with hundreds of product launches over its decade-long association with its clients ranging from enterprise class companies to innovative technology start-ups.

Impetus works on cutting-edge technologies to develop a variety of next-generation products for a range of vertical domains. From enterprise applications that optimize supply chains and credit portfolios, to solutions for the emerging rich media and digital content verticals; and from products for wireless networks and mobile handsets to software for network forensics and communication monitoring, Impetus’ emphasis on continuous innovation adds significant value to its clients’ technology initiatives.