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MillimeterFrost & Sullivan Selects Grass Valley Group For Market Engineering Leadership Award
Dec 6, 2001 12:00 PM
Nevada City, CA--Frost & Sullivan, a leading international strategic market consulting and training firm, today announced that it has given its prestigious Market Engineering Leadership Award to the Grass Valley Group, citing the digital media leader's rising share of the broadcast video server market, its market leadership, and success of its next-generation Profile XP Media Platform system.
Frost & Sullivan issued this prestigious award after an extensive industry analysis that evaluated competitors on the basis of market share, revenue growth rates, profitability, and market and technology innovation. In choosing the Grass Valley Group for its Market Engineering Award for the Compressed Broadcasting Vertical of the Video Server Market, it cited the digital media leader's significant increase in market share in recent years and its exclusive status as the leader in the video server market for the broadcast industry.
From a product standpoint, Frost & Sullivan said the Grass Valley Group demonstrated excellence with the introduction and increased adoption of its next-generation video server, the Profile XP Media Platform, which is capable of serving anything from standard- to high-definition video. In addition, the Grass Valley Group maintains strong direct sales channels, which Frost & Sullivan predicts will assert the company as a market share leader in upcoming years.
"The Grass Valley Group has complimented its next-generation video server product line, the Profile XP Media Platform family, with a very strong direct sales channel," said Mukul Krishna, Frost & Sullivan industry analyst. "This has helped them assert their market share leadership in the compressed broadcasting video server space. With their strong commitment to innovation to their product line, the Grass Valley Group is in a very good position to maintain their market share leadership in the future in a very competitive environment."
"As the company that created the video server category, we continue to push ourselves to deliver the technical innovation and workflow and capital efficiencies that our customers demand-and we're honored to receive this prestigious award from Frost & Sullivan in recognition of those efforts," said Tim Thorsteinson, president and CEO of the Grass Valley Group.
For the latest Grass Valley Group product information, visit www.grassvalleygroup.com.
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