SunTec bags Red Herring 100 Asia laurel

THIRUVANANTHAPURAM, INDIA: Kerala’s technology major SunTec has been honored with an entry into the elite hall of fame of the prestigious Red Herring 100 Asia award winners. SunTec CEO K Nandakumar received the award at the Asia Red Herring 100 conference held at Shanghai recently.

SunTec was named among the top 100 companies in Asia-Pacific region. The company is now a strong contender for Red Herring Global 100. Top executives from 200 companies, which were selected from about 1,500 contenders, had gathered at the event to showcase their innovative technologies and winning strategies before a selected audience of specialists in the trade.

According to Alex Vieux, CEO of Red Herring, “It has been a difficult year for most companies across the globe; yet Red Herring received a very impressive list of nominations from Asia-Pacific. Companies, which believe in constant innovation and consistent strategy, and invest in people and technology, could withstand these difficult times, and SunTec is one of them”.

He added that SunTec has built an impressive client base, competing with giants in the transaction pricing and billing space. The company is expected to outgrow the marketplace and become a formidable force in the future, he pointed out.

Nanda Kumar said the award came as an endorsement of SunTec's efforts in innovation.

“Today our solution transcends industry barriers and redefines the transaction pricing and billing space across various verticals, including telecom, utilities, ports, retail, hospitality, leasing and logistics.”