January 10th, 2010 – SINGAPORE – Mozat announced today it has been chosen as a finalist for the Red Herring’s Global 100 award, a prestigious list honoring the year’s most promising private technology ventures from around the world.
The Red Herring editorial team has selected the most innovative companies from a pool of over 1,200. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.
This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.
“We are delighted for our nomination as a finalist of the Red Herring Global Awards. The advancement of technology in every company makes the competition more competitive each year. To standout from the rest represents the recognition of the innovative technology and value of Mozat. We are very grateful to the committee for the selection of Mozat and our prospective insight on the future of mobile social networks with our technologies.” said Michael Yin, CEO of Mozat.
This year was especially difficult said Alex Vieux, publisher and CEO of Red Herring. Despite the global economic situation, there were many great companies producing really innovative and amazing products that we had a difficult time narrowing the pool and selecting the finalists. Now we’re faced with the arduous task of selecting the final 100 winners of the award. We know that this year’s crop will grow into some amazing companies that are sure to go far
Mozat is a social networking platform tailored for the most popular mobile phones in the market. For consumers, Mozat serves as a mobile social community that allows users to connect and interact with each other as well as providing access to their favorite email, instant messaging, photo sharing and social gaming. For operators, Mozat provides an extensible, market-ready Mobile SNS platform that drives data usage and builds customer loyalty. It is available for free at www.mozat.com or in a premium version through selected mobile operators in Asia, Middle East and Latin America including Saudi Telecom Company (STC) and Orange.
The Mozat community currently has more than 10 million registered users, pre-dominantly in the emerging markets of Asia and the Middle East
Finalists for the 2009 edition of the Red Herring Global 100 award are selected from the regional recipients or finalists of the Red Herring 100 awards in 2007, 2008, or 2009 ranging from Asia, Europe, and North America. 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. During the several months leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, and clean tech industries sent in their submissions to qualify for the award.
The CEOs of the 200 finalists are invited to present their winning strategies at the Red Herring Global Conference in Laguna Niguel, California, January 12-14, 2010. The Top 100 winners will be announced at a special awards ceremony at the event.
About Mozat Pte Ltd – www.mozat.com
Founded in 2003, Mozat provides a mobile software suite offering communication and social media applications on mobiles supporting the Java™, Symbian™, Android™ and Windows Mobile™ operating systems. Mobile operators use Mozat™ to deliver localized applications for their subscriber bases. The company has won numerous industry awards, including the Red Herring Asia Top 100 and the Golden Oliver Award from Sony-Ericsson. It was nominated for “Top Innovator” at the 2008 GSMA mobile exhibition in Barcelona. Mozat is a Network Partner of the FutureMobile project under the Interactive Digital Media Programme Office of the Media Development Agency of Singapore. Mozat is backed by JAFCO Asia and seed-funded by Singapore investment funds BAF Spectrum Pte Ltd, Symphony Investments Pte Ltd, SPRING SEEDS Capital Pte Ltd and NUS Enterprise Pte Ltd.