Octaware Among India's TOP 50 Fastest Growing Technology Company In 2011, Declared By Deloitte

Octaware Technologies has been conferred with the "Deloitte Technology Fast 50 India 2011" award, a prestigious award honoring the year's most promising public and private technology ventures in the region. End Quote

(1888PressRelease) October 24, 2011 - Mumbai, India: At a power-packed function in Bangalore on 21st October,2011, Deloitte announced its "Deloitte Technology Fast 50 India 2011" synonymous with one of the finest in the industry of Software, Biotechnology, Semiconductors, Computers/Peripherals, Media and Telecommunication.

This award was presented in recognition of the achievements of leading public and private companies from India, celebrating these emerging companies' technical prowess across the respective industries. This envious list of Top 50 fastest emerging Indian companies' has become a mark of distinction for identifying promising companies and entrepreneurs.

The Technology Fast 50 India pre-eminent technology awards program is a ranking of India's 50 fastest-growing technology companies and this program continues to be sought out by technology companies all over India as endorsed by technology companies and industry gurus. Hundreds of Technology companies across India had been vying for the prestigious award this year. The Deloitte Technology Fast 50 India Program is the region's most objective industry-ranking standard created to recognize the effort and dedication of the top 50 fastest-growing technology companies in India.

Deloitte team evaluated the companies on stringent quantitative and qualitative parameters like consistent revenue growth year on year, ownership of proprietary technology that has contributed to a significant growth of the company, unique technology to solve business problems and much more. Octaware Technologies attained a ranking of 21 under the top 50 category with a growth of 175% over a three year period.
Speaking at this great achievement Mr Aslam Khan, President, Octaware Technologies said "It is a great honor for Octaware and clear acknowledgement from Deloitte for recognizing our stupendous growth in the last 3 years. Being selected amongst the top 50 companies in India indicates a clear confidence the Industry has in our services delivery & solution offering and demonstrates our growth as an IT firm. We are extremely delighted with the recognition, and this also makes us a strong contender for the Deloitte Technology Fast 500 Asia Pacific"

Reflecting on the company values Mr.Khan added "It is an appreciation of the vision that Octaware stands for which is much higher than creating material wealth. It is more about adding value with growth opportunities, not just for itself but for the entire society. We are thankful to all our valued customers for their continued faith and to Deloitte for having acknowledged our services. This is recognition of the efforts expended by the entire Octaware family and I accept this award with all humbleness on their behalf."

This award has provided a great boost to the confidence of all Octawarians and all are highly elated.

Mr.Siraj Gunwan, Vice President (Engineering), Octaware Technologies said, "It is not only an honor to receive the prestigious award which I feel indeed rewards the vision of our talented Management, but also an acknowledgment to our commitment towards novel advances in the field of technology solutions. As a fast emerging player in the technology business, being in this elite group is a significant achievement for us. We owe this to the continued confidence that our customers reposed in our delivery", he added. "It is a hallmark of our continued endurance, consistent performance and excellence. Having won this award is not an end but it is the beginning of our next endeavour and a motivation to continuously perform better and deliver. We have to live up to the expectations and exceed them."

Close on the heels of winning another prestigious award "Red Herring Asia Top 100" Award just last year in November,2010, where Octaware was recognized as one amongst the Top 100 emerging technology companies in Asia, this is another accomplishment for Octaware, where it has received the recognition as being one of the Top 50 fastest growing Technology companies in India.

About Octaware:
Octaware Technologies is a software development, enterprise solutions and consulting firm known for excellent project management, exceeding expectations of customers and delivering high quality solutions. With offices in Mumbai, Seattle, Doha, Jeddah and development centres in Mumbai and Pune, Octaware is dedicated to help clients improve their business productivity by building and implementing high-quality, comprehensive and cost-effective solutions to meet the client's business requirements.

Sujatha Rajan - Corporate Communications
Octaware Technologies Pvt. Ltd.
(M) : +91-8898068677
(E) : sujatha ( @ ) octaware dot com

Corporate Office Address:
204, Timmy Arcade, Makwana Road, Marol Naka,
Andheri (East), Mumbai, Maharashtra,
India. 400059

Website: www.octaware.com

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