LinguaNext Selected as a Red Herring Top 100 Asia Tech Startup

Hong Kong, China, October 19th, 2011 - Red Herring announced its Top 100 Asia award in recognition of the leading private companies from Asia, celebrating these startups’ innovations and technologies across their respective industries.

Red Herring’s Top 100 list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across Asia to the Top 100 Winners. We believe LinguaNext embodies the vision, drive and innovation that define a successful entrepreneurial venture. LinguaNext should be proud of its accomplishment, as the competition was very strong.”

Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Asia.

“Winning the Red Herring 100 Award is a validation of our focus on execution in the Asia market” said Atul Tulshibagwale, MD and CEO, LinguaNext Technologies Pvt. Ltd. “through our acquisition of Image Point and subsequent customer wins, we continue to expand our footprint throughout the Middle-East, Asia-Pacific and Japan region.”

LinguaNext, Inc. is the developer of unique next-generation localization solutions. LinguaNext provides vendor-independent products and solutions that power expedient, accurate and highly scalable localization of custom or off-the-shelf software applications. LinguaNext enables localization for any language and region localization including right-to-left and complex scripts. LinguaNext provides SME and enterprise solutions including LinguaPacks for packaged software and the LinguaNext SPeeD™ Suite for enterprise applications. With an installed base of over 1 million desktops using LinguaNext solutions globally, LinguaNext is the localization vendor of choice from SMEs to large enterprises. LinguaNext is privately held and is headquartered in San Jose, CA USA. For more information, visit www.linguanext.net. LinguaNext serves the Asian market through its affiliate LinguaNext Technologies Pvt. Ltd., headquartered in Pune, India.

Red Herring is a global media company uniting 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.

Red Herring hosts events around the globe - from Beijing to Budapest to Kyoto to Cannes. Red Herring events have long delivered clear and intelligent insight into the critical trends shaping the future of technology. We bring together industry leaders, venture capitalists and other financiers, entrepreneurs and our own business intelligence team to share ideas and present our research-based discoveries. Attendees explore the strategic shifts and disruptions that new technologies will have across all continents.

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