Based on its recent analysis of the digital asset management (DAM) market, Frost & Sullivan recognizes ADAM Software with the 2011 Global Entrepreneurial Company of the Year Award. ADAM Software has rocketed to prominence in the DAM market in the last four years and established considerable mind share. The company has held its own against market majors in the last 24 months and doubled in size since 2007 at a very impressive 50 plus percent compound annual growth rate.
ADAM Software is poised for strong organic growth as it makes further inroads into the North American market. This consistent revenue growth is a result of the company's keen emphasis on quality, customer focus, and greater return on investment (ROI). It richly deserves its status as a customer-centric technology and thought leader in the market.
ADAM Software opened its first U.S. office in the New York area in October 2010 to position itself for aggressive market expansion.
'Though ADAM Software vends DAM solutions to enterprise markets as well as media and entertainment markets, the sweet spot for the company has been deploying the solution with marketing departments across different organizations,' says Frost & Sullivan Global Director for Digital Media, Mukul Krishna. 'The solution is competitively priced, highly flexible, and can be used as a document management or web content management tool.'
Built on .NET, the company's solution enables its partners to develop on top of the platform to create customized solutions for their customer base - both installed and software as a service (SaaS).
ADAM Software has been deployed in companies that are extremely critical of their vendors, as a DAM solution becomes the heart of their marketing organization. ADAM Software's scalability, modularity, and ability to seamlessly integrate within the organizational workflow are top notch.
'Frost & Sullivan's research reveals that this is one of the key reasons why ADAM Software was selected over other established companies for deployment in companies such as LEGO and IKEA,' notes Krishna. 'In addition, ADAM Software also establishes a highly consultative relationship with its client that ensures fast deployment, easily customizable interface, as well as high customer usability and satisfaction.'
The need to repurpose and re-render content for cross-channel publishing is a highly critical factor in the current publishing environment. Publishers need to accelerate cycle time, increase creative and knowledge worker collaboration, and simultaneously reduce costs.
In October 2010, ADAM Software and Van Gennep – Media Automation Consulting BV announced a strategic partnership that would provide the market with a coherent and easily deployed approach to DAM, business process management, and multi-channel publishing workflows. Van Gennep produces one of Europe's leading publishing systems, and is well entrenched in the editorial market. It has a high-profile clientele comprising Bauer Media Group (Germany, France and Spain), Groupe Prisma Presse (France), and Reader's Digest International (worldwide).
'ADAM Software's enterprise-level DAM/business process management system is recognized as a 'hot' product and is used by companies such as AB-InBev, Britvic, Microsoft, LEGO, McCann Erickson, Sanoma Magazines, Elopak, DSM, and Stanley-Black&Decker among others,' observes Krishna. 'Together, these two companies will be able to bring the much-needed asset repurposing capabilities for editorial publishing workflows and give publishers complete and unprecedented control over their publishing processes in a way that both simplifies and improves on current processes.'
Each year, Frost & Sullivan presents this award to the small company that demonstrated superior entrepreneurial ability in its industry during the research period. This award signifies the company's identification of a unique and revolutionary product solution with significant market potential. Additionally, it certifies the company's marketing strategy as sound and poised for success.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. 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.
About ADAM Software
ADAM is a global provider of media workflow and marketing supply chain software. It offers enterprises the ability to manage structure and deliver media between people, processes and systems. Working with its partners enables it to implement its software globally while providing workflow solutions to all types of enterprises.
About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.