Mobile LBS Startup, Quantama, is a Finalist for the 2011 Red Herring Top 100 Asia Award

Quantama announced today it has been selected as a Finalist for Red Herring's Top 100 Asia award, a prestigious list honoring the year’s most promising private technology ventures from the Asian business region.Quantama is a Mobile LBS startup focused on Retail Branding and Demand Chain Solutions. QUB3 is the flagship product which allows the consumer to curate locations nearby, provide reviews and discover products nearby. QUB3 also enables brand engagement for Retail Merchants helping them connect with the consumers in the vicinity of the store and showcase product assortments and brand catalog.

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 an 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. Quantama shows great promise therefore deserves to be among the Finalists. Now we’re 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."

Do visit http://www.quantama.com/ for more details about the venture!