CustomerXPs is a Finalist for the 2012 Red Herring Top 100 Asia Award

Bangalore, India – 21 Aug, 2012 CustomerXPs announced today it has been selected as a Finalist for Red Herring’s Top 100 Asia award, a prestigious list honoring the year’s most promising private technology ventures from the Asian business region. CustomerXPs is a Bangalore based IP software Product Company, creates real-time, intelligent products that empower Banking, Retail and Telecom Enterprises with instant insights enabling influenced outcomes of deeper customer engagement and fraud-free transactions. CustomerXPs software identifies and solves, in real-time, complex problems in the areas of customer experience management, contextual right-sell, fraud monitoring and compliance. CustomerXPs was one of eight Indian software companies named as a finalist for the 2012 edition of the Red Herring 100 Asia award.

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, 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 valuable instrument for discovering and advocating the greatest business opportunities in the industry.

Rivi Varghese, Founder CEO of CustomerXPs said, “It’s a great honor to be named as a finalist for such an influential award. We’re in a very exciting growth phase. With our 4th Big Bank customer having decided to go ahead for Clari5 – between these 4 Banks, they serve about 90Million customers – that means, the life of about 90Million customers will go through Clari5 in a matter of months. We’re proud to have a dominant position in the Indian market and we’re looking at replicating this success in new markets.”

“This year was very rewarding,” said Alex Vieux, publisher and CEO of Red Herring. “The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. CustomerXPs shows great promise therefore deserves to be among the Finalists. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring Asia. We know that the 2012 crop will grow into some amazing companies that are sure to make an impact.”

Finalists for the 2012 edition of the Red Herring 100 Asia award are selected 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, mobile and other industries completed their submissions to qualify for the award. The Finalists are invited to present their winning strategies at the Red Herring Asia Forum in Hong Kong, September 10-12, 2012. The Top 100 winners will be announced at a special awards ceremony the evening of September 12 at the event.