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TeraRecon , Inc. receives 2010 "Company of the Year Award from Frost & Sullivan

TeraRecon , Inc., a global leader in advanced visualization and decision support solutions, has been awarded the Company of the Year Award, in the category of Medical Imaging, Advanced Visualization Applications, Europe 2010. This award represents the 5th time TeraRecon, Inc. has been recognized with an award from Frost and Sullivan. The full text of the award can be reviewed on the company’s website at www.terarecon.com/fs2010.pdf

Quoting from the text of the Frost and Sullivan award, “TeraRecon has become the largest independent vendor from a revenue perspective in the European advanced visualization market. Perceived as a technology leader, TeraRecon has pioneered the enterprise model for advanced visualization and continues to capitalize on direct sales to end customers at the enterprise level, where it recognizes the large majority of its revenue. Its solution is recognized as the most advanced in the marketplace in terms of its remote access capabilities, as well as for its performance, which constitute the two most important features of advanced visualization solutions after ease-of-use. The TeraRecon solution leverages the company’s own uniquely powerful custom visualization hardware technology, or when appropriate, purely software-based alternatives.”

“The Company of the Year Award is a prestigious recognition of TeraRecon’s accomplishments in innovating advanced visualization applications…. Innovation in technology is TeraRecon’s unique selling proposition. The company provides an advanced 3D image processing capability deployed through a server-based architecture. This compact architecture provides all the image processing solution for the entire radiology department. The image processing software that TeraRecon offers has a high degree of automation capable of segmenting specific aspects of various organs. Moreover, this automation occurs in a ‘pre-declared’ form even before the radiologist begins to execute further manipulations and necessary interpretations. The company also offers a decision support platform that aids radiologist and other physicians to make better assessment of the images. Such a technological advantage in the highly advanced visualization space has enabled TeraRecon to grow over 50 per cent in each of the last couple of years, irrespective of the economic downturn”.

In addition to excellence in Technology, the company’s business practices are also recognized: “The technological innovation is accompanied by a terrific team of country-specific managers for TeraRecon. The company practices decentralized management strategies across Europe. Each country manager understands the intricacies of their products and in turn caters to their respective country in a manner that is encompassed by cultural understanding and effective business development.”

The award also recognizes the company’s strong spirit of partnership with its clients: “TeraRecon’s customers include many advanced medical research universities in Europe. This is primarily because TeraRecon is probably the only company that thinks of product innovation beyond the complexities of radiology department. Clients who are aware of TeraRecon’s vision take their own initiatives to request the company’s support through customizing of new product applications. Realizing the potential for its expertise, TeraRecon is set to continue to innovate with further advanced visualization applications in the CT, MR and PET spectrum in the future.”

TeraRecon President & CEO Robert Taylor, Ph.D. commented on the award “We are humbled to have received a 5th Frost and Sullivan award and particularly excited that the company’s innovative business strategy in Europe has been particularly recognized. From inception, TeraRecon has always had a deeply multi-national and multi-cultural personality and we are very sensitive to the differences, as well as the similarities, between the needs of various nations globally, and in particular, within the Europe community of nations. The timing of this award is particularly poignant as this weekend we present our latest innovations at the 22nd annual European Congress of Radiology in Vienna, Austria. As the economic climate globally continues to be challenging, the importance of the European medical imaging community is growing every year, and we are deeply committed to evolving our solutions more and more to ensure that TeraRecon and its customers remain at the forefront of innovation in advanced visualization and decision support.”

Source: TeraRecon