| "Red Herring nominates ANNOVA Technologies as | | | | quality performance oriented company focused in |
| Finalist for Top 100 Promising Startups in Asia" | | | | providing high quality digital map data, Telecom RF |
| Hyderabad, Oct 30th, 2009 | | | | Data, GPS based vehicle tracking solutions and |
| ANNOVA Technologies has been nominated by Red | | | | consumer navigation services. |
| Herrings as a finalist for the Top 100 Promising | | | | The company has evolved constantly in its pursuit to |
| startup companies in Asia this year. The Red Herring | | | | provide quality products, year after year, to large |
| panel uses a very competitive process to decide | | | | enterprise customers and directly or indirectly to |
| short-list the Top 100 finalists from a pool of over | | | | more than a billion people. With over 100 |
| 1,000 eligible promising companies. The criteria for | | | | employees’ count and offices in Hyderabad, India |
| evaluation included various quantitative and qualitative | | | | and San Diego, CA, USA, the company has shown a |
| parameters like financial performance, innovation, | | | | strategic growth in the year 2009 including several |
| management, global strategy, and ecosystem | | | | deals signed on this current year. Apart from |
| integration. | | | | servicing Geo-spatial solutions to global and Indian |
| Says Santosh Nandi, C.E.O., ANNOVA Technologies, | | | | enterprises, it is currently promoting its lead brands, |
| on being nominated as finalist "It is indeed a privilege | | | | namely, |
| to be nominated by Red Herring as the Finalist for | | | | RFVERSA – The most trusted RF Maps brand |
| Top 100 Promising startup companies in Asia, from | | | | for all Indian Telecomm Operators. [ |
| the overall list of more than thousand other | | | | TRACKVERSA – The Vehicle Tracking Solution |
| companies. We feel really proud of this | | | | that exploits the power of Mobile phones. [ |
| accomplishment and would surely strive hard in future | | | | MAPVERSA – The only Indian Navigator that |
| to be on the Red Herring list in the coming years." | | | | works on the un-organized Indian addressing system |
| About ANNOVA Technologies Pvt. Ltd. [ | | | | Indian roads. |
| ANNOVA Technologies is an innovation based, high | | | | |