Siemens PLM Software conferred Frost & Sullivan Growth Strategy Leadership AwardJanuary 14th, 2008 - 4:33 pm ICT by admin
Mumbai, Jan 14 (ANI/Business Wire India): Siemens PLM Software was conferred the Growth Strategy Leadership Award for PLM at the recently held ‘2007 Frost & Sullivan India ICT Awards’ in Mumbai.
Every year, this award is presented to the company that has strengthened its position in the market during the base year, and whose strategy will have a lasting impact on the market.
While presenting the award, Dr. T.R Madan Mohan, Director (Consulting), ICT Practice, Frost & Sullivan, South Asia and Middle East said, “Siemens PLM Software has been selected based on the depth of products offered to existing/new clients and significant market growth by increased licensing for existing customers and new customers acquisitions in 2006-07. With extensive partner network for deployment and a focused SMB strategy, it has seen higher adoption across verticals.”
According to Narendar Reddy, Vice President and General Manager, India Operations, Siemens PLM Software, “We are honored that Frost & Sullivan has selected us to receive such a prestigious award. To be recognized with this award is testament of our market leadership, built on a portfolio of market-leading PLM solutions and a strong sales and support infrastructure combined with strong partners’ presence covering 50 cities in India. We will continue to strive for greater growth and success and stay committed to help our customers gain greater business value from our products and solutions.”
The recipient of this award is evaluated on specific predefined criteria, which include, ability to grow in a saturated or maturing market, implementing a unique sales strategy, technological innovation and leadership, discovering new avenues for an established product, effective internet strategy, strategic mergers, acquisitions, or joint ventures to penetrate new markets and reorganization structured around growth strategy.
Through primary and secondary research methods, all companies’ market revenues are tracked and
Revenues are then compared year-on-year to monitor growth patterns. When a company continues to show high growth rates, it is a candidate for the Frost & Sullivan Growth Strategy Leadership Award. (ANI)