Press release from Business Wire India
Tuesday, December 07, 2010 06:30 PM IST (01:00 PM GMT)
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Siemens PLM Software Wins 2010 Frost & Sullivan Award for Market Share Leadership in India
Gurgaon, Haryana, India and Plano, Texas, United States, Tuesday, December 07, 2010 -- (Business Wire India) -- Siemens PLM Software, a business unit of the Siemens Industry Automation Division and a leading global provider of product lifecycle management (PLM) software and services, today announced that it has been awarded the 2010 Frost & Sullivan Award for Market Share Leadership in India. The award recognizes the company with the highest revenue amongst all the players in the Indian PLM industry.
"Based on the findings of our Best Practices Research, we are proud to present the 2010 Market Share Leadership Award in product lifecycle management software to Siemens PLM Software India," said Mr. Anand Rangachary, Managing Director, Frost & Sullivan, South Asia, Middle East and North Africa. "This award is given to the company that has demonstrated excellence in capturing the highest market share within its industry in a specific year. Siemens PLM Software's significant presence in the Automotive, Aerospace & Defense, and Machinery industries has been a key business driver."
"We are honored to receive this recognition and thank Frost &Sullivan for according attention to PLM as an enterprise application," said Suman Bose, managing director India, Siemens PLM Software. "This award is a testament of our market leadership, built on superior PLM solutions and a strong sales and support infrastructure in India. We wish to thank all our customers for their continued faith and patronage, our channel partners for their strong contribution towards our growth, our management team for their commitment and investments in our India operations, all of which have helped us to get this important industry recognition. We will continue to strive for greater growth and success and stay committed to help our customers gain greater business value from our products."
The recipient of this award is evaluated on specific pre-defined criteria. Coupled with primary and secondary research methods, all competitors' market revenues are tracked and the company that emerges with the highest proportion of market share is a candidate for the Frost & Sullivan Award for Market Share Leadership.
The Frost & Sullivan citation noted that the Siemens PLM Software's suite encompassing NXT software for digital product development, Teamcenter® software for digital lifecycle management, Tecnomatix® software for digital manufacturing and the Velocity SeriesT portfolio for the mainstream PLM market, provides a comprehensive set of design tools, digital data management solutions and advanced digital manufacturing capabilities distinct from other PLM vendors. Siemens PLM Software's product portfolio also incorporates a dedicated set of products addressing the mid-market PLM segment. It has partnered with leading software service providers in the country to enhance customer value with users showing preference to adopt Siemens PLM Software products to bring in standardization and enhance user experience.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com
About Siemens PLM Software
Siemens PLM Software, a business unit of the Siemens Industry Automation Division, is a leading global provider of product lifecycle management (PLM) software and services with 6.7 million licensed seats and more than 69,500 customers worldwide. Headquartered in Plano, Texas, Siemens PLM Software works collaboratively with companies to deliver open solutions that help them turn more ideas into successful products. For more information on Siemens PLM Software products and services, visit www.siemens.com/plm.
About Siemens Industry Automation Division
Siemens Industry Automation Division (Nuremberg, Germany) is a worldwide leader in the fields of automation systems, industrial controls and industrial software. Its portfolio ranges from standard products for the manufacturing and process industries to solutions for whole industrial sectors that encompass the automation of entire automobile production facilities and chemical plants. As a leading software supplier, Industry Automation optimizes the entire value added chain of manufacturers - from product design and development to production, sales and a wide range of maintenance services. With around 33,000 employees worldwide (September 30), Siemens Industry Automation achieved sales of ?6.2 billion in fiscal year 2010. www.siemens.de/industryautomation
Note: Siemens and the Siemens logo are registered trademarks of Siemens AG. NX, Teamcenter, Velocity Series and Tecnomatix are trademarks or registered trademarks of Siemens Product Lifecycle Management Software Inc. or its subsidiaries in the United States and in other countries. All other trademarks, registered trademarks or service marks belong to their respective holders.
Vivek Marwaha, Siemens, +91 (124) 4092257, firstname.lastname@example.org
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