Also read: Ozonetel banks on SMEs to grow revenues

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

“Ozonetel Systems 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 2011 crop will grow into some amazing companies that are sure to make an impact,” Alex Vieux, publisher and chairman of Red Herring.

According to CSN Murthy founder and CEO, Ozonetel, “Red Herring Global 100 recognition is great validation of the innovation that Ozonetel has achieved as a pioneer and leader in the cloud telephony space. We are highly delighted and encouraged by this and will keep raising the bar for cloud telephony in India.”

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, October 17-19, 2011. The Top 100 winners will be announced at a special awards ceremony the evening of October 19 at the event.