Siemens PLM Software Wins 2010 Frost & Sullivan Award for Market Share Leadership in India

GURGAON – Siemens PLM Software 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 and 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 NX™ software for digital product development, Teamcenter® software for digital lifecycle management, Tecnomatix® software for digital manufacturing and the Velocity Series™ 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.