Hyderabad, Dec 19 (UNI) AppLabs today said it has been shortlisted for the ''Red Herring 100 Global Awards 2007'' for the best startups in the world.
''AppLabs made it to the final group because of its outstanding achievements, and Red Herring Magazine is honoured to announce it is one of the most promising technology firms in the world,'' the company said in a release here.
Red Herring 100 winners and finalists from North America, Europe and Asia of the last three years are eligible for this award.
''The Red Herring editorial team used a very competitive process to whittle down this pool of 1,000 eligible promising companies to the 200 finalists of this first-time award.
''Evaluations were made on both quantitative and qualitative criteria such as financial performance, innovation, management, global strategy, and ecosystem integration,'' it said.