AppLabs Named as one of the Nation’s “50 Fastest-Growing Asian American Businesses”

PRLog (Press Release) - May 27, 2008 -
Hyderabad, India; London, UK; Philadelphia, Lindon USA; Monday, May 27, 2008: AppLabs, the world’s largest independent testing, quality management and certification solutions company, has been named by the US Pan Asian American Chamber of Commerce Education Foundation (USPAACC-EF) as one of its 50 Fastest-Growing Asian American Businesses. The official announcement will be made during the 23rd Anniversary CelebrAsian ‘08 Annual National Business Opportunity Conference, on May 27-29 at the Hilton Washington hotel in Washington, DC. A special presentation will take place at The White House on May 28 and at the Excellence Awards Gala Dinner at the Hilton Washington the same evening.

Commenting on the award Makarand Teje, President and CEO, AppLabs said “We are indeed honored and delighted to be named among the 50 Fastest-Growing Asian American businesses. This recognition is a testament to our dynamic entrepreneurial spirit, thought leadership in the software testing space and hard work of all AppLabs employees.”

“As world’s fastest growing independent software testing company, this award further strengthens our leadership position in the industry, and I am really looking forward to receiving this award on behalf of AppLabs.” said Doc Parghi, Senior Vice President of North America, AppLabs.

“We congratulate our 50 Fastest-Growing Asian American Businesses for generating robust growth over the years—yet another indicator that through innovation, hard work and ingenuity, Asian Americans are at the forefront as engines of growth in our national economy,” said USPAACC-EF National President & CEO Susan Au Allen.

To qualify for the ranking, companies must be owned by one or more Asian Americans (at least 51% ownership), among other eligibility criteria. Based on percentage revenue growth over three years, selection was determined through direct applications and nominations. All finalists and winners were independently verified by the accounting and consulting firm of BDO Seidman, LLP.

The Conference connects the largest number of Asian American suppliers with buyers from Fortune 500 corporations, the Federal government and small/minority-owned business community. Through pre-scheduled one-on-one matchmaking meetings, participants learn about contract opportunities in the era of globalization and outsourcing, different procurement trends and requirements to enhance competitiveness in the marketplace.

About AppLabs:

AppLabs is the world’s largest independent testing, quality management and certification solutions company. With over a decade of experience, AppLabs has become a trusted partner to more than 600 companies, providing both quality assurance and third-party validation. Clients include American Airlines, Experian, JP Morgan, VocaLink and National Australia Bank amongst others. AppLabs goes beyond technical expertise when it comes to IT services and offers customers rigorous risk mitigation processes, a singular focus on quality, expert project management, communication and global delivery capabilities. It is the first software testing company to get appraised at SEI CMMI Level 5, the highest quality standard attainable in software engineering. Headquartered in Philadelphia, the company maintains advanced testing facilities in the US, India and the Europe. For more information, visit www.applabs.com

About USPAACC:

The US Pan Asian American Chamber of Commerce EF (USPAACC-EF) was formed in 1984 as a national, non-profit organization representing all Asian Americans and Asian American-related groups in business. USPAACC-EF promotes nurtures and propels economic growth by opening doors to contract, educational and professional opportunities for Asian Americans and their business partners in corporate America, the federal government, and the small and minority business community in the U.S. & Asia.

Headquartered in Washington, DC, USPAACC-EF has a nationwide reach through Regional Chapters in Northern and Southern California, New York, Texas, Illinois, Georgia, and Washington, DC-Maryland-Virginia in the National Capital Area.

Press Contacts:

India

Vijaya Lakshmi
AppLabs
Tel: + 91 402 355 8000
vijaya.lakshmi@AppLabs.com

Rahul Nag
Adfactors PR Pvt. Ltd.
Mobile: + 91 99586 44228
rahul.nag@adfactorspr.com

UK and Europe

Stephen Johnson
AppLabs
Tel: + 44 (0) 1772 885 850
stephen.johnson@AppLabs.com

Melissa Au
Red Consultancy
Tel: + 44 (0) 0207 0256417
Mobile: 07852 317327
melissa.au@redconsultancy.com

North America

Peter Winicov
AppLabs
Tel: + 1 610 952 1369
peter.winicov@AppLabs.com