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Maven Systems a Finalist for 2013 Red Herring Asia Award

Maven Systems is a Finalist for the 2013 Red Herring Top 100 Asia Award

Pune – Aug. 13, 2013 – Maven Systems 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 Asian 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, technological innovation, quality of management, execution of strategy, and integration into their respective industries.

This unique assessment of potential is complemented by a review of company track records and standings, which allows Red Herring to see past the “buzz” and make the list a valuable tool for discovering and advocating for the best business opportunities in the industry.

"Entrepreneurship in Asia has reached an inflexion point, and as a result Red Herring Asia 2013, has shifted into a new phase," said Alex Vieux, publisher and CEO of Red Herring. " A second generation of entrepreneurs with CEO backgrounds is emerging and their execution skills and global ambitions lead to restless growth and amazing journeys. As importantly, we are seeing more companies from countries once absent from innovation circles. Maven Systems shows great promise and therefore deserves to be among the finalists. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring Asia. We know that the 2013 crop will reward us for long and continued efforts in scouting disruptive companies in Asia. The wealth of talent and achievements displayed by Red Herring Asia finalists is an excellent predictor for the new world rising.”

“We are delighted by this validation of our innovative product in the area of smart meters / smart grids which is now being deployed in India,” said Dhananjay Kulkarni, COO of Maven Systems. “With the present customer based in India, US, Latin America, Africa, UAE, Hong Kong, Singapore, and Indonesia, Maven is now poised to expand further based on its cutting edge Smart Mesh and ZigBee technology applied in the smart metering arena.”

Maven Systems Pvt. Ltd. is a product and services company in the area of smart grid, smart meters, remote monitoring, M2M, construction and mining equipment monitoring and so on. Visit www.mavensystems.com or write to inquiries@mavensystems.com for more details.

ENDS

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