Nitman Software Selected as a 2010 Red Herring Asia Top 100

Pune, November 19, 2010 - Nitman Software today announced that it has been listed as one of the Top 100 companies in Asia by Red Herring. 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 Asia 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 Nitman Software embodies the vision, drive and innovation that define a successful entrepreneurial venture. Nitman Software should be proud of its accomplishment, as the competition was very strong.”

“We are proud to have been selected as Asia’s Top 100 Tech Start-ups”, says Nitin Shimpi, Director-Nitman Software, “This is very encouraging for the entire Nitman team and gives us a new impetus to work harder.”

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.

About Nitman Software:

Nitman Software, founded in 2006, is the brainchild of two successful technocrats who want to make technology simpler. Nitman Software is headquartered in Pune, has offices in Bangalore, Mumbai, now in Delhi and an operational presence in Hyderabad and Chennai.

For more information on Nitman Software, visit www.nitman.co.in. Alternately, call the company's offices at Pune (20) 6400 8587, Bangalore (80) 4190 3542, Delhi 09891657183 or Mumbai (22) 2878 3422.