AppLabs among 50 fastest growing Asian biz

"We are indeed honoured 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," said Makarand Teje, president and cheif executive officer, AppLabs in a release here.        

"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 and CEO Susan Au allen.        

To qualify for the ranking, companies must be owned by one or more Asian Americans (at least 51 per cent 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 from of BDO Seidman, LLP, it added.