Frost & Sullivan has presented TeraRecon with the 2010 European Frost & Sullivan Award for Company of the Year.
Frost & Sullivan lauded the company’s ability to sustain growth in the face of the recent global economic turndown. "In a highly evolving field such as advanced visualisation image processing, a company's success relies on faster turn-around cycles in product innovation and efficient marketing strategies," said Frost & Sullivan Senior Research Analyst Shriram Shanmugham. "TeraRecon has shown a high degree of innovation both in its product and business processes, garnering customer loyalty and market penetration."
Frost & Sullivan presents this award annually to the company that has demonstrated innovative growth strategies and implementation. Besides the degree of innovation in business processes, products and/or technologies, the award also lauds the recipient's leadership in customer value and the resulting market penetration.