RateGain in finals of Emerging India Awards 2009

Amongst top three finalists in the IT Communication and Entertainment (ICE) and ITES

New Delhi, 26th October 2009: Noida based RateGain, the world’s leading Travel Technology products company, has been successively leading the race for the Annual Emerging India Awards 2009. Competing against hundreds if not thousands of entries, in the IT Communication and Entertainment (ICE) and ITES category, RateGain has established itself in the league of the top three finalists, who submitted their final presentations today to the elite panel of judges, consisting of industry bigwigs.

Announced early this month, the Annual Emerging India Awards 2009 had invited entries from players across the SME community in the country. After a robust two phase methodology, RateGain has not only managed to make a breakthrough in the category but has also gained recognition for its innovative products.

Scheduled for November 3rd 2009, the Annual Emerging India Awards 2009 will witness the gala awards ceremony in Mumbai.

Bhanu Chopra, CEO, RateGain, commenting on the development said, “This is another testimonial to our unique business model and the difference we have made to the hospitality sector with our path-breaking web products.” He added, “It is also a tribute to the creative talent and commitment that the RateGain development team has shown over the years. I feel proud to be a member of such a team and strongly believe that we are destined for greater things to come.”

The Emerging India Awards, now in its fifth year, have already been acclaimed as the most definitive business awards recognizing the undying spirit of Indian entrepreneurship and is testament to the fact that the Indian SME community has come of age.

RateGain has been making a mark across the global hospitality sector with its innovative software tools, helping hotels and online travel sites with price comparison, inventory management and customer need identification among other important things, resulting in increased business efficiencies and volumes for them. Their latest product to be launched, hotelly.com, is a one-stop shop for travelers in the UK, and helps them arrive at the most informed travel decision in minutes.

About Emerging India Awards

Instrumental in creating a revolution of sorts and in its 5th successful year ‘The Emerging India Awards’ are acknowledged for saluting the undying spirit of entrepreneurship. Partnered by ICICI Bank & CNBC-TV18, the awards have been most sought after amongst Indian Small and Medium Enterprises (SME).

About RateGain

The guiding thought behind the launch of RateGain was to set up a software products company that would cater to the global travel industry out of India. However, the overwhelming response that the products received from travel industry clients has emboldened RateGain. We are now broad-basing our product offerings for multiple consumer facing industries and transforming into a Product development organization for the web age business requirements with innovation as our focus.

RateGain has consistently added products to our portfolio over the last 5 years of its existence. Today, the company has a suite of innovative products for the online travel and hospitality industries. All the products are based on SaaS/ On-demand model to help customers leverage the continuous product innovations being implemented, in addition to the traditional benefits of this model.

The company topped the Deloitte list of fastest 50 technology companies out of India in 2007 as well as came in 16th on the fastest 500 Asia Pac list. It reappeared in the lists in 2008 at second and fiftieth positions respectively

For Further information please contact:

Adfactors PR, Somit Biswas

9873723210/ somit.biswas {at} adfactorspr(.)com