Siemens PLM Software has 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.
Anand Rangachary, Managing Director, Frost & Sullivan, South Asia, Middle East and North Africa, said, "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 honoured 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.
