FOSTER CITY, CA--(Marketwire - November 27, 2010) - TeraRecon, Inc. (www.terarecon.com), a global leader in advanced visualization and decision support solutions, has received the North American Growth Leadership of the Year Award in the category of Advanced Visualization and Clinical Applications by the respected independent research firm Frost and Sullivan. This award represents the sixth time in the past 10 years that TeraRecon, Inc. has been recognized with an award from Frost and Sullivan. It is the second time in 2010, following the European Company of the Year Award in the category of Medical Imaging, Advanced Visualization Applications. The full text of the new award can be reviewed on the company's website at www.terarecon.com/fs2010-2.pdf
The Award is issued contemporaneously with the release of the new Frost and Sullivan market research report on the North American advanced visualization market, and is derived from independent and objective research performed by the Frost and Sullivan team, which was not commissioned or funded by TeraRecon. The research was based on two independent primary research efforts conducted during the last year by Frost & Sullivan researchers, each focused on decision makers for advanced visualization in the United States.
Quoting from the text of the Frost and Sullivan award, "In more than one aspect, TeraRecon has become the leading independent vendor in the North American advanced visualization industry today." The award noted that TeraRecon is "...capturing a higher market share than all other vendors within its tier of competition" and also recognized the company's focus on the role and potential of advanced visualization in the healthcare enterprise: "Indeed, TeraRecon's solutions achieve the highest ratings with regard to their remote access and integration capabilities, making TeraRecon the market leader for delivering advanced visualization enterprise-wide."
The research also revealed that TeraRecon is perceived as the vendor offering the most advanced technology and the highest performance, that TeraRecon obtained the highest ratings for customer satisfaction, and that the surveyed respondents rated TeraRecon's solution with the highest ratings for ease of use.
Frost and Sullivan made particular note of iNtuition™ CLOUD, stating "The cloud-based solution launched recently by TeraRecon is yet another illustration of the company's edge with technology and its ability to react swiftly to emerging industry trends and customer needs."
Furthermore, the value of the company's investment in research and development of clinical applications was acknowledged with the observation that "TeraRecon achieved the highest ratings among independent vendors not only from a technology standpoint, but also from a clinical standpoint."
TeraRecon President & CEO Robert Taylor, Ph.D. commented on the award, "We are truly honored to have received a sixth Frost and Sullivan award -- the second within a single year, now recognizing the company's achievements in the North American market, following up on the recognition we received from Frost and Sullivan earlier in the year relating to our innovative business strategy in Europe. This independent research by Frost and Sullivan objectively proves what we have always strived for relating to our customers' appreciation of our products' performance, our customer service, our clinical excellence, and our commitment to enterprise workflow and integration with other informatics systems. The accompanying report also highlights that TeraRecon's enjoys the highest attachment and integration rate to PACS systems deployed in the North American market, as further evidence of the company's commitment to a radiologist-centric workflow."
Dr Taylor continued, "TeraRecon is more committed than ever to innovation and technological and clinical excellence. We are defining new boundaries for advanced visualization every day, as our new iNtuition CLOUD offering gains more and more registered users and the clinical capabilities of iNtuition expands rapidly. We believe that the future of medical imaging will inevitably consist of a combination of on-site software, cloud-based hosting, and meaningful integration with other enterprise healthcare informatics systems, and we embrace this challenge with the greatest enthusiasm and commitment."
Free evaluation accounts for iNtuition CLOUD can be obtained at terarecon.com/cloud.
About TeraRecon (www.terarecon.com)
TeraRecon is a global leader in advanced image processing, decision support and 3D visualization techniques. The company's solutions provide advanced imaging support for medical and other visualization applications based on its unique and patented image processing technologies. A six-time winner of Frost and Sullivan awards, the company has developed a leading portfolio of products that advance the performance, quality, functionality, and integration of image processing and 3D visualization systems since its founding in 1997. TeraRecon is a privately held company with headquarters in Foster City, California, USA, European headquarters in Frankfurt, Germany, and branch offices in Concord, Massachusetts, USA and Tokyo, Japan.
About Frost & Sullivan:
Frost & Sullivan, 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 almost 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 31 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com
iNtuition™ is a trademark of TeraRecon, Inc.