Pawaa Software amongst top 100 finalists for the 2010 Red Herring Asia Award

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Pawaa Software today announced that it has been nominated 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 Asia business region. Pawaa Software, founded by Prakash Baskaran in 2007, is an India based technology startup with its operations based in Bangalore. The company has a vision to redefine information security by pioneering a universally applicable information security paradigm that simplifies enterprise information security through intelligent and effective end-user security management, transforms consumer (individual) information security and catalyzes information security management for futuristic technologies such as cloud computing.


Commenting on this, Prakash Baskaran, Founder, Pawaa Software, said, “We are extremely proud to be featured in the list of finalists for the 2010 Red Herring's top 100 Asia awards. Being a start-up, this nomination comes as a great confidence booster and validates the potential of our products and the innovativeness of our technology. This also gives a chance for Pawaa Software to be visible on the global space as our security solutions can have a global presence.”


The Red Herring editorial team selected the most innovative companies placed in various verticals such as mobile, security, Web 2.0, software, hardware, biotech, and clean tech industries from across Asia. 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. Pawaa Software shows great promise therefore deserves to be among the finalists. Now we’re faced with the difficult task of selecting the Winners of the Top 100 Asia Award.”



Top 15 finalists will be selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. The Finale is scheduled to be held at the Red Herring Asia forum in Shanghai, November 15-16, 2010.