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Pring and GenITeam of Pakistan Ranked in Top 100 Private Companies of Asia

Pring (e-Business Pvt Ltd) and GenITeam have been honored as a winner of the 2012 Red Hearing Top Asia

This prestigious list recognizes the most promising and innovative technological companies from Asia from a pool of hundreds of finalists.

Red Herring’s editorial staff evaluated the companies on quantitative and qualitative criteria. This includes financial performance, technological innovation, management and and their track record, relevant to their sector peers.

“This award is a validation of our groundbreaking achievements that allow us to deliver unmatched value to our customers and partners.” says Dr. Muqtaza Shah, CEO of Pring “Previous winners of this award have gone on to achieve tremendous success and I’m happy to be a Pakistani company finally on this list.”

Pring is Pakistan’s largest social network with more than 4,500,000 users. It has been designed from the ground up to work both on mobile phones and the Internet allowing access to social networking to an unprecedented number of users.

GenITeam, a company based out of Lahore, specializes in developing Web2.0, iPhone and Android applications.

“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 Pring embodies the vision, drive and innovation that define a successful entrepreneurial venture. Pring should be proud of its accomplishment, as the competition was the strongest it has ever been.”

Red Herring’s Top 100 Asia list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring’s editorial staff was one of the first to recognize Facebook, YouTube, Skype, Google and other major technological companies that have changed the way we live and work.

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