Ozonetel Systems, a pioneer in the ‘cloud telephony’ technology in India  announced on Wednesday that 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.

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 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.

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”.