ElectraCard Services wins Red Herring Top 100 Asia award

FOR IMMEDIATE RELEASE
Pune, Maharashtra, India, Republic of (Free-Press-Release.com) November 1, 2011 -- India, Pune, November 1st, 2011 – ElectraCard Services (ECS), a leading provider of electronic payment systems, has won the prestigious Red Herring Top 100 Asia award. The award was conferred on ECS in recognition of its innovative and high performance electra™ payments suite, deployed by financial institutions across the globe.

Red Herring’s Top 100 list has become a mark of distinction for identifying leading private companies. 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.” Red Herring evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. “ECS should be proud of its accomplishment, as the competition was very strong” said Mr Vieux.

Speaking on this occasion, Mr. Ramesh Mengawade, CEO, ElectraCard Services, said, "We are delighted to be selected as the Winners of The Red Herring Top 100 Asia Award this year. As ECS continues to expand and establish itself as global player in payment solution space by bringing innovative offerings to marketplace, this award is an acknowledgement of our never-ending commitment to innovation and quality."