Mumbai, India (PressExposure) December 24, 2009 -- MAIA Intelligence Pvt. Ltd., a leading software product company in Business Intelligence (BI) reporting analytics space announced today it has been selected as a finalist for Red Herring's Global 100 Award, a prestigious list honoring the year's most promising private technology ventures from around the world.
The Red Herring editorial team selected 200 Finalists, the most innovative companies from a pool of 1,200 for this Global Award. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.
This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the 'buzz' and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.
Leveraging the explosion of information across the organization, MAIA Intelligence's success is further driven by the company's focus on bringing BI to the masses with ease of use and simplicity for business users across strategic, tactical as well as operational level. With 1KEY, BI is no longer the sole province of few expert analysts and top management only. Back office staff and front desk executives can now access to the required information on the fly with dynamic reporting and ad-hoc analysis.
'This year was especially difficult,' said Alex Vieux, publisher and CEO of Red Herring. 'Despite the global economic situation, there were many great companies producing really innovative and amazing products that we had a difficult time narrowing the pool and selecting the finalists. Now we're faced with the arduous task of selecting the final 100 winners of the award. We know that this year's crop will grow into some amazing companies that are sure to go far.'
'It is an outstanding honor for MAIA Intelligence to be listed among the top companies in the world and reinforces MAIA Intelligence's presence in BI space,' said Sanjay Mehta, CEO of MAIA Intelligence. 'The growing success and rapid adoption of 1KEY BI among enterprises demonstrates that MAIA Intelligence is among the elite technology companies in the world. The Red Herring selection is further proof that MAIA Intelligence is a forward-thinking company with a clear vision about the future for BI.'
Sanjay said, 'We are grateful to the selection committee and its efforts to recognize the important technology development that MAIA Intelligence is embarking upon. This is great recognition and further confirmation that MAIA Intelligence is making a real impact in BI space. Our goal has always been to create the scalable, simplest BI software products and solutions for reporting and analyzing critical information. With 1KEY BI, we've created a more efficient and affordable solution for taking informed decisions for all the business users across the organization,' he further added.
Finalists for the 2009 edition of the Red Herring Global 100 award are selected from the regional recipients or finalists of the Red Herring 100 awards in 2007, 2008, or 2009 ranging from Asia, Europe, and North America. For the past three years, the award has been given to the top 100 global technology companies based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, and clean tech industries sent in their submissions to qualify for the award.
The CEOs of the 200 finalists are invited to present their winning strategies at the Red Herring Global Conference in Laguna Niguel, California, January 12-14, 2010. The Top 100 winners will be announced at a special awards ceremony at the event.