Harbinger Ranked Amongst World’s Top 100 Technology Companies: Wins Red Herring Award

• First product company in Pune to win the Prestigious Global Award
• Felicitated at a conference in California
• Bags a spot in final 5 presenters

January 15, 2010

Pune-based Harbinger Knowledge Products has been recognized amongst the 100 most innovative companies around the globe.

Harbinger accepted the Red Herring Global 100 award at a glittering ceremony in Laguna Niguel, California on January 14, 2010. Harbinger won the coveted place in the Top 100 Global list announced by Red Herring Inc., a global media company uniting the world's best high-technology innovators. This prestigious award honors the year’s most promising private technology ventures from around the world.

This recognition follows the Red Herring Asia 100 award received by Harbinger in Shanghai in November 2009. Harbinger Knowledge Products is the global leader in interactivity solutions for knowledge-sharing applications including learning, presentation and web development.

This year, the Red Herring editorial team selected the most innovative companies from a pool of 1,200 companies from across the world in the areas of telecommunications, security, Web 2.0, software, hardware, biotech, and clean tech industries. A panel of judges comprising industry experts evaluated each of the finalists in the preliminary round. Harbinger was one of the five distinguished companies who were then invited to make a final presentation to the general session.

For the past three years, the award has been given to the top 100 global technology companies based upon their technological innovation, management strength, market size, investor record, customer acquisition and financial health. In addition, the company's global strategy to handle the challenges of internationalization and a global presence has been a key differentiator. The past winners of the Red Herring awards include Google, Yahoo!, Skype, Netscape, Salesforce.com, and YouTube.

“We appreciate Red Herring’s diligent effort to bring promising tech companies in sharp focus. The scale of their discovery is vast, and their selection rigorous. We feel honored to stand with the best 100 companies that stood Red Herring’s test,” said Vikas Joshi, Chairman and Managing Director of Harbinger Group.

“Choosing the best out of the previous three years was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed down our list from 1,200 potential companies to 200 finalists.  Trying to get it down to 100 companies was a task upon itself.  The top 100 companies who were chosen should be extremely proud, the competition was difficult.”

About Harbinger Group

Harbinger Group is a global provider of software products and services. The Harbinger Group companies are Harbinger Systems and Harbinger Knowledge Products.

Harbinger Knowledge Products is recognized as a global leader in interactivity solutions for knowledge-sharing applications including learning, presentation and web development. Harbinger's patent-pending technology and sound thought leadership have resulted in groundbreaking products, including market-leading Raptivity, innovative YawnBuster and cutting-edge TeemingPod.

Harbinger Systems is a leading provider of software engineering services to some of the world's best product companies. Harbinger Systems leverages cutting-edge technologies to work with its customers as a partner in technology innovation.

Harbinger Knowledge Products and Harbinger Systems have both achieved the distinction of being amongst the fastest growing technology companies in the Deloitte Technology Fast 500 Asia Pacific and Deloitte Technology Fast 50 India programs.

Harbinger Group serves customers in over 45 countries through its offices in Pune (India), Redmond (WA, USA), Pleasanton (CA, USA), London (UK) and through its partner network worldwide.

For more information on Harbinger Group, visit www.harbingergroup.com

Red Herring is a global media company uniting the world's best high-technology innovators, venture investors, and business decision-makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters, and major events for technology leaders around the globe. Red Herring provides an insider's view of the global innovation ecosystem, featuring unparalleled insights on the emerging technologies driving the economy.

For 10 years, Red Herring's editorial team has diligently surveyed entrepreneurship around the globe. Technology industry executives, investors, and observers have regarded the Red Herring 100 lists as an invaluable instrument to discover and advocate the promising startups that will lead the next wave of disruption and innovation.