Red Herring 100 Global Award
January 28 2010 - 6:30AM
RNS Non-Regulatory
TIDMCLTV
Cellcast plc
28 January 2010
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28 January 2010
Cellcast Asia named as one of the World's Top 100 private technology companies
Cellcast plc (AIM: CLTV), the interactive digital broadcaster, today announced
that Cellcast Asia (a 37.5% associated company) has received the Red Herring 100
Global Award and has been named as one of the world's top 100 private technology
companies.
Cellcast Asia is the leading supplier of participation TV formats and
applications in the Indian subcontinent. In 2009, transactions per month grew
from 2 million in January to over 10 million by December. This reflects the
success of Cellcast Asia's new services, expanded distribution and the
continuing strong growth of the mobile market in India, which added over 2
million new subscribers per month over the past year. Cellcast Asia is the first
multi-platform participation TV company to be a recipient of the Red Herring 100
Global Award.
Red Herring's lists of top private companies are an important part of the
publication's tradition of identifying new and innovative technology companies
and entrepreneurs. Companies like Google, eBay, Skype and Youtube were spotted
in their early days by Red Herring editors, and touted as technology leaders
that would change the way we live and work.
The Red Herring media group considered 1,200 private companies, chosen from
among the finalists and winners of the regional awards Red Herring 100
Europe, Asia 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 and strategy, market size, ecosystem
integration, investor record, customer acquisition and financial health. "This
year was especially difficult," said Alex Vieux, publisher and CEO of Red
Herring. "Despite the global economic situation, there were so many great
companies producing really innovative and amazing products that we had a
difficult time narrowing the pool and selecting the finalists".
In response to news of the award, Pankaj Thakar CEO and co-founder of Cellcast
Asia said, "To be named a Red Herring Global Award Winner is a tremendous
honour, and we would like to thank the judges for recognising Cellcast Asia's
innovative and proven business model. The award reflects the huge opportunity in
India and across Asia arising from the convergence of the rapidly growing
broadcast and mobile markets. It recognises Cellcast Asia's success in providing
unique solutions to capture and monetise this opportunity, evidenced by our
rapid traffic growth. None of this could have been achieved without the
significant contribution of our principal founding shareholder Cellcast plc,
whose investment, technology, and creative innovation ensured the successful
launch and development of the venture."
Cellcast plc CEO Andrew Wilson commented: "This award is very important for the
Cellcast Group, and proof of the consumer demand for our formats, technology and
services across multiple and diverse markets."
For further information:
+-------------------------------------------+----------------------------+
| Cellcast plc | |
+-------------------------------------------+----------------------------+
| Andrew Wilson, CEO | Tel: +44 (0) 20 7190 0300 |
+-------------------------------------------+----------------------------+
| andrew@cellcast.tv | www.cellcast.tv |
+-------------------------------------------+----------------------------+
+-------------------------------------------+----------------------------+
| Allenby Capital Limited | |
+-------------------------------------------+----------------------------+
| Nick Naylor | Tel: +44 (0) 20 3328 5656 |
+-------------------------------------------+----------------------------+
| n.naylor@allenbycapital.com | www.allenbycapital.com |
+-------------------------------------------+----------------------------+
About Cellcast Asia
Cellcast Asia is the leading participation TV broadcaster in the Indian
subcontinent. The company was an early entrant and innovator in the interactive
TV services business and has developed unique multi-platform expertise which
spans format inception, development, production and broadcasting in combination
with a billing platform built on a unique network of technical and commercial
relationships with mobile and fixed line operators across the region.
About Red Herring
Red Herring (www.redherring.com) is a global media company which unites 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 access to the global
innovation economy, featuring unparalleled insights on the emerging technologies
driving the economy.
About Cellcast PLC
Cellcast plc (AIM: CLTV) provides interactive mobile content for today's dynamic
multi-platform digital entertainment sector. Cellcast's services enable
broadcasters, content developers, media ventures, 3G services and mobile
networks to profit from the convergence of television, IT and
telecommunications. The company develops, aggregates, and distributes a
portfolio of mobile and participation TV applications and produces live
interactive pay-to-play programming matching the needs of broadcasters. The
company distributes its programmes on various channels and platforms, including
BSKYB, Freeview and Freesat in the United Kingdom, and across the Middle East
and India through its associate companies Cellcast ME and Cellcast Asia
Holdings.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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