Ozonetel Systems Is Afinalistfor The 2011 Red Herring Top 100 Asia Award

Ozonetel Systems, a pioneer in the cloud telephony technology in India announced

today it has been selected as a Finalist for Red Herring's Top 100 Asia award, a prestigious list honoring the years most promising private technology ventures from the Asian business region.

The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across Asia. 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 a valuable instrument for discovering and advocating the greatest business opportunities in the industry.

"This year was very rewarding," said Alex Vieux, publisher and Chairman of Red Herring. "The global economic situation has abated and there are many great companies producing really innovative and amazing products. We had a very difficult time narrowing the pool and selecting the finalists. Ozonetel Systems shows great promise therefore deserves to be among the Finalists. Now were faced with the difficult task of selecting the Top 100 winners of Red Herring Asia. We know that the 2011 crop will grow into some amazing companies that are sure to make an impact."

According to CSN Murthy Founder & CEO, Ozonetel Systems said, "Red Herring Global 100 recognition is great validation of the innovation that Ozonetel has achieved as a pioneer & leader in the cloud telephony space. We are highly delighted and encouraged by this and will keep raising the bar for cloud telephony in India

Finalists for the 2011 edition of the Red Herring 100 Asia award are selected 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, mobile and other industries completed their submissions to qualify for the award. The Finalists are invited to present their winning strategies at the Red Herring Asia Forum in Hong Kong, October 17-19, 2011. The Top 100 winners will be announced at a special awards ceremony the evening of October 19 at the event.

About Ozonetel Systems: About Ozonetel Systems: Ozonetel Systems is a pioneer of the cloud telephony technology in India and will enable enterprises reach out to a huge customer base in India that may not access the internet and finds it easier to avail products and services through the telephone. Founded in 2007 by serial technology entrepreneur Murthy Chintalapati, Ozonetels primary offering is Cloud Telephony Services Platform (CTSP) KooKoo.in, where in Businesses can build their own telephony apps and integrate with their web/e-commerce portals.

By deploying Ozonetel s unique SaaS technology platform, enterprises can get fully hosted voice services such as CloudPBX, CloudAgent, CloudPay and CloudIVR with ongoing technical support, without having to invest in any premise deployed hardware or software. Once businesses experience cloud telephony, they quickly become indispensable as they remove the limitations of the current PBX and contact center equipment placed in offices and still give them scalability in a plug & play mode at affordable cost, creating enormous value. It is this opportunity that Ozonetel plans to capitalize on. For further details please visit www.ozonetel.com & http://www.kookoo.in/

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