InnovizeTech Software is a 2011 Red Herring Top 100 Asia Finalist          Pune, October 6, 2011:   InnovizeTech Software announced today 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.   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. It provides an insider's access to the global innovation economy, featuring unparalleled insights into emerging technology companies in the telecom, security, Web 2.0, software, hardware, biotech, mobile and other industries. Finalists for the 2011 Edition of the Red Herring 100 Asia award are selected based upon their technological innovation, management, market size, investor record, customer acquisition, and financial health.   Shirish Deodhar, InnovizeTech co-founder, said that, “We are honored to be selected as a Red Herring Asia 100 Finalist. It is a validation of the market potential and business strategy of our product. Sapience is a US and India patent pending solution with no equivalent today, which helps companies to increase work output by 15-20%. This has a transformational impact on delivery capability, revenue and profitability, especially since it can be achieved without any change in process or additional management overhead.”   Sapience’s key USP is that it delivers automated visibility into Enterprise Effort. It is cloud based, though an on-premise option is available for large enterprises.   "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. InnovizeTech Software 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."   The Top 100 winners will be announced at a special awards ceremony on October 19 in Hong Kong.          About InnovizeTech Software – www.innovizetech.com InnovizeTech has been founded by four serial entrepreneurs, with a strong product DNA. They have 100+ years of combined experience of technology and management at global software companies. Their previous companies were in outsourced product development, which had successful exits to VERITAS Software (now Symantec Inc.) in 1999, and Symphony Services Inc. in 2004. InnovizeTech’s product, Sapience, is a patent-pending solution that enables companies to transform their work efficiency.   InnovizeTech is funded by Indian Angel Network, with individual investment by 24 of India’s best known IT CEOs, entrepreneurs and investors.   InnovizeTech Software Pvt. Ltd. 6, Shivkashi Apartments (2nd Floor), Bapusaheb Purandhare Lane, Shivajinagar, Pune 411004. India