Capillary Technologies, the market leader in cloud-based retail customer engagement and loyalty solutions, today announced that it was named as one of India’s Top 10 emerging SaaS Companies at Techcirlce.in’s SaaS Forum 2012, honoring the year’s most promising SaaS technology ventures from India.

Techcircle.in has come up with a listing of India’s top 10 emerging SaaS companies who have shown significant market traction, created unique products or services that can disrupt existing markets and most importantly, have a very high potential to make it big in the coming years. The listing has been compiled by a distinguished jury comprising Shailendra Singh, MD, Sequoia Capital; Manik Arora, MD, IDG Ventures and Mukund Mohan, an active angel investor. These 10 companies have also showcased their products during Techcircle Runway at Techcircle SaaS Forum 2012, in Bangalore on Aug 31.

Powered by cloud, mobile, business analytics and social technologies, Capillary’s solutions are completely customizable as per retailers’ need and can run on any Point of Sale (POS) system without any additional capital expenditure. Its flagship program, !nTouch is built for large enterprises and is successfully delivering customer delight in over 10,000 retail stores across the world. The company also offers a self-serve solution called TruTouch that services emerging mid-market retailers. As of May 2012, Capillary was processing around 8.5 million transactions a month, catering to as many as 140 brands and 30 million consumers.

“Capillary’s key differentiator has always been its Patent Pending SaaS and Cloud based technology. Capillary is the only player to provide an end to end intelligent customer engagement solution to retailers – from data capture, retail analytics and business intelligence to multichannel campaign management and social + tablet + digital customer experience” remarks Aneesh Reddy, CEO at Capillary Technologies. “We are pleased to be recognized by Techcircle with the India’s Top 10 emerging SaaS businesses award for delivering superior business value to our customers.”

Techcircle.in recognizes Software-as-a-Service (SaaS) as a red hot technology in the Indian software products ecosystem – both in terms of startup activity and as a tool for entrepreneurs to build a low-cost business from scratch, that is making significant progress to replace conventional enterprise architectures. Although the buyer maturity and technology adoption remain hurdles for SaaS growth in India, forward looking businesses like Capillary are creating transformational solutions that deliver accelerated ROI to customers in secure environments without any upfront commitments.

Over the years, Capillary has won many laurels, including the prestigious Prize 2009, a global business plan contest conducted by Qualcomm Inc. and the NASSCOM Emerge50 – League of Ten 2011. Capillary has also won Techcircle’s Fastrack 2012 and TechSparks 2011, India’s biggest discovery platform for product technology start-ups where it was selected as one of India’s top five most innovative technology companies.

Read more about the winners at here