Frost & Sullivan Honors SimplexGrinnell's Comprehensive Product and Service Offerings.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. -- Frost & Sullivan's recent study, North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Fire Alarm Services Market, acknowledges SimplexGrinnell's exceptional leadership in being a 'one-stop source' for various life safety and building safety systems. SimplexGrinnell SimplexGrinnell, a subsidiary of Tyco International, is an American company that specializing in active fire protection systems and communication systems. The company headquarters is in Boca Raton, Florida; corporate sales and marketing offices are in Westminster, Massachusetts, , a business unit of Tyco Fire & Security, offers quality systems and services for fire alarm, fire sprinkler and fire suppression suppression /sup·pres·sion/ (su-presh´un) 1. the act of holding back or checking. 2. sudden stoppage of a secretion, excretion, or normal discharge. 3. applications. For its sound marketing innovation in the fire alarm maintenance services market, SimplexGrinnell is presented with the Frost & Sullivan 2004 Market Leadership Award. This award is presented annually to the company that has substantially increased its market share by implementing superior market engineering strategies and developing solutions to monitor market changes. The company has successfully identified market challenges, drivers, and restraints -- and used this knowledge to strengthen its market leadership. "Due to its proven ability to design, install, maintain, upgrade, and service fire alarm systems, SimplexGrinnell has been successful in retaining its large customer base and acquiring new customers," says Frost & Sullivan Research Manager Sanjiv Bhaskar. "A majority of customers that migrate to other vendors on the basis of price, return to SimplexGrinnell for its quality of services." SimplexGrinnell complements its core fire business by providing integrated security, healthcare communications, and sound and communications solutions. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the study, the vast array of products and services is not the only distinguishing factor for SimplexGrinnell in the North American markets. A company-owned network of sales and services offices, availability of trained and certified See certification. personnel, and customized services constantly keep SimplexGrinnell a step ahead of its competitors. SimplexGrinnell leads the industry with about 31.8 percent market share in the North American fire alarm maintenance services market in 2003, which the Frost & Sullivan report defines as including inspection, testing, repair and maintenance of fire alarm systems. SimplexGrinnell also commands a clear lead in market revenues -- outdistancing its nearest competitor by more than 25.0 percent. A large portion of the revenue for SimplexGrinnell comes from preventive preventive /pre·ven·tive/ (pre-vent´iv) prophylactic. pre·ven·tive or pre·ven·ta·tive adj. Preventing or slowing the course of an illness or disease; prophylactic. n. and maintenance agreements with customers who purchase Simplex-branded fire alarm equipment. SimplexGrinnell also services competing systems. In fact, the company's revenue growth rate of 7.0 percent from fire alarm maintenance services exceeded the 5.0 percent growth rate of the entire industry in 2003. Incisive incisive /in·ci·sive/ (-si´siv) 1. having the power or quality of cutting. 2. pertaining to the incisor teeth. in·ci·sive adj. 1. Having the power to cut. insights into customer needs and tailor-made solutions help SimplexGrinnell generate repeat business from retrofits, upgrades and expansions of existing fire alarm systems. "SimplexGrinnell's goal is to be the premier service provider in the fire and life-safety industry -- a company that consistently delivers superior service to its customers," notes Bhaskar. "Despite tough economic conditions, SimplexGrinnell remained the undisputed leader in the fire alarm services market and fully deserves the 2004 Frost & Sullivan Market Leadership Award." About SimplexGrinnell SimplexGrinnell, a business unit of Tyco Fire & Security, provides a comprehensive array of fire alarm, fire sprinkler, fire suppression, integrated security and healthcare communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. and services. With 1.3 million customers, 11,500 employees, 150 local offices, and over 200 years of history in the fire business, SimplexGrinnell is the leader in the fire and life-safety industry. For additional information, visit www.simplexgrinnell.com. About Frost & Sullivan Frost & Sullivan, a global growth consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a founded in 1961, partners with clients to create value through innovative growth strategies. The foundation of this partnership approach is our Growth Partnership Services platform, whereby we provide industry research, marketing strategies, consulting, and training to our clients to help grow their business. A key benefit that Frost & Sullivan brings to its clients is a global perspective on a broad range of industries, markets, technologies, econometrics econometrics, technique of economic analysis that expresses economic theory in terms of mathematical relationships and then tests it empirically through statistical research. , and demographics The attributes of people in a particular geographic area. Used for marketing purposes, population, ethnic origins, religion, spoken language, income and age range are examples of demographic data. . With a client list that includes Global 1000 companies, emerging companies, as well as the investment community, Frost & Sullivan has evolved into one of the premier growth consulting companies in the world. For more information, visit www.frost.com. |
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