MUMBAI, August 22, 2012 /PRNewswire/ --

LearningMate 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.

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The Red Herring editorial team selected the most innovative companies from a pool of hundreds 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 CEO 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. LearningMate 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 2012 crop will grow into some amazing companies that are sure to make an impact," he added.

"We have had some amazing growth and it is great to see such recognition come as a result of that," said Samudra Sen, CEO of LearningMate. Earlier this year, LearningMate won the prestigious Platinum Award at the Learning Impact Awards hosted by the IMS Global Consortium held in Toronto in May 2012, for its mobile education platform GoClass.

Finalists for the 2012 edition of the Red Herring 100 Asia award are selected based on their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. The finalist will present their winning strategies at the Red Herring Asia Forum in Hong Kong, September 10-12, 2012. The Top 100 winners shall be announced at a special awards ceremony the evening of September 12 at the event.

About LearningMate Solutions, Inc. 

LearningMate is a leading provider of education technology, instructional design services and interactive media solutions. The company offers GoClass, a cloud-based teaching platform for mobile devices, Learning eXchange, a social learning platform in the cloud and QuAD an OEM question item authoring and assessment content management platform. LearningMate employs over 400 people in the United States, Canada, India and the UK and serves a global clientele comprised of education publishers, online schools, universities, government agencies, non-profits and education consortia.

Website: LearningMate Solutions | LearningeXchange | GoClass

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Primary Media Contact: Abhishek Hingorani, abhishek.hingorani@learningmate.com, 91-22-61418400

SOURCE LearningMate Solutions Private Ltd