Mumbai, Maharashtra, India
Siemens PLM Software was conferred the Growth Strategy Leadership Award for PLM at the recently held '2007 Frost & Sullivan India ICT Awards' at JW Marriott, Mumbai. Each 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 those exhibiting significant growth are noted for their strategy implementation. 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.
About Frost and Sullivan
Frost & Sullivan, the Global Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan's Growth Partnerships, visit http://www.frost.com.
About Siemens PLM Software
Siemens PLM Software, a business unit of Siemens Industry Sector, is a leading global provider of product lifecycle management (PLM) software and services with 4.6 million licensed seats and 51,000 customers worldwide. Headquartered in Plano, Texas, Siemens PLM Software's open enterprise solutions enable a world where organizations and their partners collaborate through Global Innovation Networks to deliver world-class products and services. For more information on Siemens PLM Software products and services, visit http://www.siemens.com/plm.
Source: Business Wire (Business Wire India)
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