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Proteans makes it to RedHerring Top 100 Asia Award finalist

San Francisco, CA - August 14, 2007: Red Herring Magazine announced that Proteans Software (Proteans, now a CAMO group company) has been selected as one of the 200 Asia-Pacific region finalists, forerunners of the prestigious Red Herring 100 Asia 2007 awards. The 100 winners will be announced at the Red Herring 100 Asia event in Hong Kong, China, on August 29-31.

The Red Herring editorial team carefully selected the finalists based on criteria such as innovative strategies, technological leadership, focus on financial performance, quality of management and a passion to add value to customers and partners. The 200 finalists are based in 16 countries/regions including China, India, Japan, Singapore, Korea, Australia and Vietnam.

"The 200 finalists we selected from across 16 countries and regions are all excellent contenders," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "They are exceptional companies who thrive on innovation and strongly define the important role of technology in Asia’s economy and throughout the world."

Prashant Singh, COO of Proteans added “Proteans has been focused on adding value by driving the core product engineering of our customers. We have been pretty successful in doing that. Our customers entrust us to deliver core frameworks that could keep them ahead of the competition for years to come. Our selection by RedHerring recognition is a reflection of this impact of Proteans on software product development in a global economy.”

The finalists and winning companies will be celebrated at the Red Herring 100 Asia event in Hong Kong, China, taking place from August 29-31. Red Herring 100 Asia is an exclusive event honoring 100 cutting-edge private technology companies from across the Asia-Pacific region. The event brings together an elite roster of entrepreneurial and global venture investment firms to showcase excellence in innovation. It features three days of keynote discussions, roundtable panels and intimate networking events designed for participants to make meaningful connections and learn what it takes to achieve the best in business and technology in Asia.

Distinguished speakers on Red Herring 100 Asia include Richard Li, Chairman of PCCW; SeHyun Oh , Chairman of SK Telcom, John Chen, Chairman of Sybase, Victor Koo, CEO of Youku.com (former President of Sohu.com); James Ding, Chairman of AsiaInfo, John Hummelstad, Apac Director ofMicrosoft Venture and many others. For a full list of Red Herring 100 Asia speakers, visit http://www.herringevents.com/asia07/speakers.html.

About Proteans
Proteans is an industry leader in Outsourced Product Development space catering to technology companies globally. Proteans has a strong experience in building customer centric product teams on Microsoft.NET and J2EE platforms for web applications, desktop applications, enterprise products and mobility solutions. Proteans utilizes best practices in global sourcing to deliver superior products for its customers. Proteans offers acceleration in the development velocity, compresses release timelines, brings rich design and coding expertise, and gives significant cost advantages. Proteans is a Microsoft Certified Gold Partner and ISO 9001:2000 certified company. Proteans recently merged with CAMO ASA, a global statistical software and IT consulting firm. For more information, visit www.proteans.com

About Red Herring
Red Herring is a global media company uniting 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 research, 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. For more information, visit www.redherring.com.

Contact at Proteans:
Prashant Singh
Phone: +91 80 6618 6500

Contact at Red Herring:
Maggie Xiao
Director, Red Herring APAC