GoodWorkLabs Selected as a 2016 Red Herring Top 100 Global

BANGALORE, India - Dec. 6, 2016 - PRLog -- GoodWorkLabs today proudly announced that it has been awarded as one of this year's Red Herring 100 Global Winners. The announcement of the Top 100 Global companies is in (http://www.redherring.com/events/red-herring-global/2016-top100/) recognition of the leading private companies from North America, Europe, and Asia, celebrating these startups' innovations and technologies across their respective industries. GoodWorkLabs is one of the six companies from India who have won this validation.

Red Herring's Top 100 Global list has become a mark of distinction for identifying promising companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

Sonia Sharma, Managing Director and Founder, GoodWorkLabs credits rigorous perseverance and product market adeptness with the company's average growth of 1112% over the past three years. She said, "GoodWorkLabs has emerged as a leader in the premium product and app development sector not only in India, but globally. We have been able to catch the attention of Fortune 500 clients who have engaged with us based on our DNA of creating cutting edge products. The Red Herring 100 Global recognition adds a proud feather to our cap recognizing us and our significant growth from a bootstrapped startup company. Our endeavour now will be to become a global powerhouse with strong business units in different industry verticals and geographies."

"This is a defining event for GoodWorkLabs!" expressed Vishwas Mudagal, CEO and Co-Founder of GoodWorkLabs. He adds, "We are decisive about addressing the strong demand we have received for our services and products in the technology and mobility sectors. Clients globally want to automate processes and move towards a larger mobile environment, backed with secure infrastructure. With a successful track record, we intend to keep the momentum going. We will continue to grow rapidly in terms of revenue, headcount and client base in multiple geographies."

"Choosing the companies with the strongest potential was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across the globe to the Top 100 Winners. We believe GoodWorkLabsembodies the vision, drive and innovation that define a successful entrepreneurial venture. GoodWorkLabs should be proud of its accomplishment."

Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track records and standing of startups relative to their peers, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models from around the world.