Sanovi Technologies, the market leader in IT Continuity and Disaster Recovery Management (DRM) solutions, today announced that it has been selected as a finalist for Red Herring's top 100 Asia awards, 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.
Publisher and CEO of Red Herring, Alex Vieux, said the entrepreneurship in Asia has reached an inflexion point, and as a result Red Herring Asia 2013 has shifted into a new phase.
"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. Sanovi Technologies shows great promise and therefore deserves to be among the finalists," Vieux said.
"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," he added.
Founder and CEO of Sanovi, Chandra Pulamarasetti, said the Red Herring awards are prestigious technology awards, and associated with transformational technology solutions.
"We are very happy to be in the Asia 100 Finalists list. Sanovi DRM products have transformed the way IT recovery process is managed and this selection is a true recognition of our innovation," he added.
The finalists are invited to present their winning strategies at the Red Herring Asia Forum in Hong Kong, Sept. 3 to 5, 2013. The Top 100 winners will be announced at a special awards ceremony the evening of Sept. 5 at the event.
Since 1996, technology industry executives, investors, and strategists have valued the Red Herring 100 lists as an instrument for discovering and advocating the most promising private ventures from around the world. The Red Herring 100 award highlights the exciting startups from Asia, Europe and the Americas. Hundreds of companies from each region are reviewed in a rigorous 3-step process that looks at all aspects of the company.
Sanovi Technologies is an independent software vendor offering a suite of software products and solutions in the IT Disaster Recovery Management (DRM) space. Sanovi has its corporate headquarters in Bangalore, with sales and service offices across India, Dubai, and South Korea.
Sanovi's flagship DRM product enables organizations to ensure that their IT applications recover predictably in a disaster scenario to meet the required recovery goals. Sanovi DRM provides high levels of interoperability, real time monitoring of adherence to DR SLAs, workflow automation and advanced reporting features making it a critical part of any organizations DR landscape.
The India-founded, globally recognized Company has been positioned by Gartner as sample vendor in the Gartner Hype Cycle for Business continuity Management and Disaster recovery Management since 2011.
More than 100 large enterprises including fortune 500 clients are already using Sanovi products to manage their DR program. For more information, visit www.sanovi.com.
