/24-7PressRelease/ - BANGALORE, INDIA, December 18, 2007 - Manthan Systems, a leading provider of specialized software solutions for Retail, CPG, Pharmaceutical and Food Services industries, was recognized as one of the fastest growing and dynamic companies in Asia and the world by Deloitte Touche Tohmatsu. Manthan was ranked No. 16 in Technology Fast 50 India 2007 and No. 95 in Technology Fast 500 in Asia Pacific 2007 in a list of 'Stellar Performers' selected from over 1250 technology companies that participated in this program.
Manthan's Chief Executive Offer and Managing Director Mr. Atul Jalan says, "We're very proud of this achievement. It is very encouraging for Manthan to be recognized among the fastest growing companies in India and the world. This recognition underlines our strong company performance across our products and services businesses, constant innovation in all aspects of the organization, engaging the best minds in the business, and a rapidly growing customer base, all coming together to bring tremendous value to our stakeholders. Being named in the coveted Technology Fast 50 clearly demonstrates Manthan's consistent focus, execution and commitment to our customers, investors and our human resources."
This recognition comes soon after a slew of recognitions bagged by Manthan in 2007 including a feature in 'top 5 emerging companies' recognition in Nasscom Innovation Awards 2007, and a finalist recognition in Asia Red Herring Asia 100 event in 2007 among more than 600 participating companies.
The Technology Fast 500 programs of Deloitte Touche Tohmatsu are well established in North America, EMEA (Europe, Middle East and Africa) and Asia. The Deloitte Technology Fast 50 programs are conducted in the Asia Pacific countries, including Australia, China, Japan, Korea, India and New Zealand. All nominations for the Technology Fast 50 programs in these countries automatically qualify for participation in the Deloitte Technology Fast 500 Asia Pacific program, which recognizes 500 fastest growing technology companies in the Asia Pacific region.
The Deloitte Fast 50 winners report quotes, "Despite challenging industry conditions in the Technology, Media and Telecommunications sectors, the companies profiled in this program have proved amazingly resilient and have achieved remarkable levels of revenue growth. Sustaining rapid revenue growth over the medium to long term is a major challenge and when achieved, creates enormous value for shareholders, employees and the local national economy."
About Manthan Systems
Manthan Systems is a provider of specialized software solutions for the retail and consumer goods industries. Manthan helps retailers capture and process data that can be leveraged to improve planning, monitor results, analyze and anticipate changes, and mine opportunities. Manthan understands retail business practices and their technology underpinnings having worked with a wide range of retailers and consumer goods companies including Woolworths Germany, Haggen Supermarkets, Game Stores Group, Robinsons Retail Group, Castorama, Ecco Sko, McDonalds, Loblaws and Haggar Clothing Co. For more information, please visit http://www.manthansystems.com.
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