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ReadiMinds Selected Finalist For Red Herring Global 2008 Awards!

Award Recognizes the "Most Promising & Innovative" Private Companies From Around the World, That Are Driving the Future of Technology

ReadiMinds: Leader in Transaction Security & Cross-Channel Online Financial Fraud Prevention; and Real-Time Risk Monitoring & Mitigation!

Singapore and Bangalore/India. December 22, 2008.

Red Herring today announced that ReadiMinds was selected finalist for the Red Herring Global 2008 Award - which recognizes the "most promising" and "most innovative" private companies from around the world, driving the future of technology.

Red Herring Global is the culmination of a year's work of evaluating thousands of privately held companies from around the world, by Red Herring, Inc. USA.

This global recognition after having recently won the Red Herring Asia* 2008 Award, is testimony to the specialist position that ReadiMinds has been able to build in the areas of:

a. Transaction Security & Online Financial Fraud Prevention
b. Real-Time Risk Monitoring & Mitigation
c. Smart & Predictive Scoring Solutions [for predictive risk scoring, credit scoring etc]

In addition, ReadiMinds offers advisory and training services covering above areas, to banking, financial services and insurance industry.

IDA/EDB Grant Award in 2001/02, World's First in SOA/Web Services in 2002, "Innovative Singapore Companies" in 2004/05, Red Herring Asia in 2007, Red Herring Asia 100 in 2008, and now Red Herring Global 2008 - ReadiMinds is proud to win one more recognition for its continued efforts to provide cost-effective innovative real-time/right-time solutions to its clients, that mitigate risk and/or maximize opportunities.

About Red Herring

About ReadiMinds

ReadiMinds is a multi-award winning, specialist, new generation, transaction security & online financial fraud prevention; and real-time risk monitoring & mitigation software product company, with a proven and acknowledged track record of innovation and leading edge software solutions for the BFSI industry. We are headquartered in Singapore, with substantial presence in Bangalore, India. Our ReadiONE: Right-Time Response System is the result of over 5 years of R&D, and is targeted for emerging new class of applications, requiring Right-Time Response to Mitigate Losses and Maximize Opportunities.