Pune, India (PressExposure) January 04, 2010 -- Upside Learning has been short listed as a finalist for Red Herring's Global 100 2009 Award, which recognizes the year's most promising private technology ventures from around the world based on their technological innovation, management strength, market size, investor record, customer acquisition, and financial health.
The 200 finalists for the 2009 edition of the Red Herring Global 100 Award have been selected from a pool of 1200 regional recipients or finalists of the Red Herring 100 Awards in 2007, 2008, or 2009, ranging from Asia, Europe, and North America. The nominees were 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 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."
This global recognition after having recently won the Red Herring 100 Asia 2008 Award is testimony to the specialist position that Upside Learning has been able to build in the areas of eLearning development and Learning Technology solutions. Amit Garg, Director of Content Solutions at Upside Learning, says, "We are very happy to be included in the final list of 200 global companies. I would like to congratulate each and every member of Upside Learning who made this possible for us in an otherwise difficult year."
Technology Solutions Director Amit Gautam adds, "It's a great recognition to be one of the 200 global finalists. Everyone at Upside shares the excitement and the feeling of achievement as the year that just passed was definitely a challenging one." This is the third recognition for Upside Learning in 2009, following its selection as a winner in the Deloitte Technology Fast 500 Asia Pacific 2009 Program and the receipt of two Apex 2009 Awards of Excellence.