This prestigious Award is given to a company that demonstrates leadership and technological innovation while establishing new venues and forging strategic partnerships and joint ventures for penetration into new markets. Additional Award criteria are the company's ability to address unmet demand for video analytics with easy to deploy solutions and the demonstration of leadership in educating the market on the need for the technology.
"ioimage first excelled with a high-performance solution in a growing market niche and then leveraged their technological position to diversify embedded intelligent video solutions to a wider market," says Frost & Sullivan Research Analyst Dilip Sarangan. "Bringing about greater market acceptance of video analytics and developing a flexible intelligent video solution that appealed to the masses, ioimage's strategies won them market share and growing presence in the physical security marketplace."
For the Award, Frost & Sullivan researched each company's market revenues and focused on eligible companies that showed high growth rates and met selection criteria. From those outstanding companies, Frost & Sullivan selects the company that has bolstered its position and demonstrated an outstanding strategy that has a lasting market impact.
For 2006, Frost & Sullivan selected ioimage from among the eligible candidates as the winner for the 2006 Global Frost & Sullivan Award for Growth Strategy Leadership.
"An Award from an established voice in the worldwide marketplace, such as Frost & Sullivan, is a celebrated honor for years of hard work by the ioimage team," said Roni Kass ioimage CEO and Founder. "Were not stopping here; We will continue to expand into new markets with easy-to-use, reliable and top performing intelligent-video-solutions as well as grow the intelligent video functionality for next generation applications and solutions."