|By PR Newswire||
|March 25, 2014 08:51 AM EDT||
NEW DELHI, March 25, 2014 /PRNewswire/ --
Capillary Technologies, the leading company providing cloud-based solutions that enable retailers to intelligently engage with shoppers, announced today that its CEO, Aneesh Reddy has been named to Fortune India's First '40 Under 40' compilation. The compilation by Fortune Magazine highlights 40 innovative businesses with founders under the age of 40 years who have managed to grow an idea into a profitable business. Fortune is a global business magazine and is best known for its annual features ranking companies and individuals.
"The criteria for selection included growth in business (market share or revenue) and, where growth rates were similar, emphasis was on profitability; those who executed a business model or innovation to grow in a tough market, who have reduced the per unit cost of delivering a product or service, scaled up an idea; were able to raise capital in a difficult market, or find profitable exits," Fortune India added.
This award comes in the midst of a period of rapid growth and success for Capillary. In the past year, the company has grown multiple-fold, growing quite strong on performance metrics. Capillary also secured additional funding from Amex Ventures; brought onboard commercial partners like Blue Label Engage and American Express; and opened newer growth centers in Australia, US and South Africa.
About Capillary Technologies, Inc.
Capillary Technologies is a leading provider of cloud-based software solutions that helps retailers to engage intelligently with customers through in-store, mobile, social and e-mail channels. Capillary's platform powers end-to-end customer engagement, clienteling, loyalty and social CRM for more than 150 major brands across 10,000 retail locations, bringing instant shopper gratification to over 75 million consumers across the United States, United Kingdom, Middle East, South Africa and the Asia-Pacific region. Capillary's customers include industry leaders such as Benetton, Marks & Spencer, Nicole Miller, Puma, Nokia, Pizza Hut and Tennis Express. Capillary has been named Marketing Magazine's CRM & Loyalty Agency of the Year 2013; a Gartner 2013 Cool Vendor; and one of Mint/WSJ Bloomberg Businessweek's Hottest Technology Businesses 2013. Capillary is backed by Sequoia Capital, Norwest Venture Partners, American Express Ventures and Qualcomm Ventures.
For more information, please visit http://www.CapillaryTech.com.
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