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Siemens PLM s/w wins Frost & Sullivan Award

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CIOL Bureau
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GURGAON, INDIA: Siemens PLM Software, a business unit of the Siemens Industry Automation Division and a 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.

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The award recognizes the company with the highest revenue amongst all the players in the Indian PLM industry, said a press release.

“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 Anand Rangachary, managing director, Frost & Sullivan, South Asia, Middle East and North Africa.

He added that 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. ”

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.

Siemens PLM Software’s product portfolio also incorporates a dedicated set of products addressing the mid-market PLM segment, the release added.