SINGAPORE, June 7, 2012 /PRNewswire/ -- NEC has been awarded the 2012 Frost & Sullivan Asia Pacific Enterprise Telephony Vendor of the Year at the 2012 Frost & Sullivan Asia Pacific ICT Awards held on the 7th of June at the Shangri-La Hotel, Singapore.
Founded in 2004, the 2012 Frost & Sullivan Asia Pacific ICT Awards seeks to recognize companies and individuals that have pushed the boundaries of excellence, rising above the competition and demonstrating outstanding performance across Asia Pacific.
The Asia Pacific Enterprise Telephony Vendor of the Year award is conferred to the telephony vendor that has shown exemplary growth and performance in 2011 in Asia Pacific. The recipient was evaluated based on their revenues, market share, geographical spread, and key achievements.
"NEC has performed outstandingly in a fiercely competitive market. Although the enterprise telephony market grew by 6.2%, NEC grew its revenues by 14.2%. This is remarkable growth for a market leader, already commanding one fifth of the market, in a comparatively mature market. NEC's success is primarily related to its extraordinary focus on this market and the successful migration of its customers from TDM to IP telephony. Additionally, it offers customers a broad choice of offerings and its channel strategy has been successful," said Andrew Milroy, Vice President for Frost & Sullivan's ICT practice.
Milroy continued, "NEC has also made deep inroads into tier two cities of India and China, the third and fourth largest telephony markets in Asia Pacific, respectively, solidifying its future growth. NEC can be expected to leverage UNIVERGE in order to further improve its position in the IP telephony market segment."
The Frost & Sullivan Awards are based on extensive market engineering tools evolved by Frost & Sullivan. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
The research results are then presented to an independent panel of judges, comprising of influential personalities, decision-makers and thought leaders from the ICT sector across Asia Pacific. To view the complete list of 2012 ICT Awards judging panel, please visit, http://www.ict-awards.com/judges.shtml
For more details on the 2012 Frost & Sullivan Asia Pacific ICT Awards log-on to http://www.ict-awards.com/
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SOURCE Frost & Sullivan