Palo Alto, Calif. — June 12, 2006 — Frost & Sullivan recognizes SkandSoft Technologies Private Ltd. as the recipient of the 2006 Frost & Sullivan Award for Emerging Technology for having developed the SETU™ radio frequency identification (RFID) information management platform. The company’s broad focus across automated identification and data capture (AIDC) technologies is expected to provide the flexibility to tap diverse market opportunities as technologies evolve in future.
The uniqueness of the SETU™ platform centers on its ability to embed physical processes within the solution layer and facilitates automated responses to programmed events thereby ensuring a real-time control over individual process requirements. The technical innovation of the SETU™ platform is expected to significantly aid the company since there is considerable emphasis on the commercial viability of the solution.
SkandSoft’s information management solution is designed to function with large amounts of unstructured and granular data generated across different AIDC platforms including technologies such as barcodes, RFID, Real-Time Location System (RTLS), ICS like PLC, SCADA, Microprocessors, WiMax, Bluetooth, ZigBee, etc. and enable feedback through M2M.
SkandSoft is strategically positioned to compete in different markets that have the highest profitability potential at various periods. The company’s product development efforts also reflect a clear understanding of the RFID market evolution. While there is an increasing shift in emphasis from mandate compliances toward business process integration, the change is likely to be gradual over the next three to five years.
“The success of product strategies is therefore likely to rest in the ability of the solution to meet differing customer mandates and facilitate future progressive upgrades for improving internal efficiencies,” says Frost & Sullivan Research AnalystPriyanka Gouthaman. “The flexibility of the SETU™ solution is therefore expected to emerge as a key differentiator for the company in the immediate future.”
While the inventiveness of any technology platform serves to attract initial interest levels, decisive consumer investment motives are usually dependent on the benefits and final ROI. The open source platform of the SkandSoft solution alleviates the need for diverse support systems and IT architecture, thereby reducing the level of investment required at each application point.
The ability to accommodate technology upgrades helps secure present consumer investments. The assurance of maintaining the relevance of current investments is expected to foster immediate adoption rates. SkandSoft’s futuristic business vision ensures continued market relevance and the advantage of minimal product development cycles with progressive changes within the AIDC market.
SkandSoft’s ‘Partner Engagement’ program enables the company to remain focused on its product expertise and R&D efforts, while leveraging the core competencies of business partners. The company’s technical alliances with key hardware and software participants are vital, considering the functional interdependence within AIDC ecosystems. SkandSoft’s solution platform is ideally positioned to adapt to any change within the hardware and software segments.
“SkandSoft’s proactive efforts in establishing an effective partnership model with system integrators, including technology and business consulting companies, are expected to result in increased market visibility and sustainability,” notes Gouthaman. “Frost & Sullivan recognizes the futuristic strategies of SkandSoft in terms of its product innovation, customer focus, and strategic market positioning, which will aid the company in generating sufficient interest and capturing greater market shares.”
Each year Frost & Sullivan presents this Award to a company that has demonstrated technological superiority within its industry. This Award recognizes the ability of the company to successfully develop and introduce new technology, formulate a well-designed product family, and make significant product performance contributions to the industry.
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 SkandSoft Technologies Private Ltd.
SkandSoft Technologies is a pioneering technology company with dedicated focus on the Automatic Identification and Data Capture (AIDC) space. Its flagship product SETUTM 1.0 is an RFID Information Management Platform that incorporates debuting features for advanced business functionality such as Embedding Business Processes onto the RFID Grid, Dynamic Thresholding and Progressive Event Filtering (Global/ US patent pending).
SETUTM 1.0 is a one-stop RFID middleware platform that allows solution development to help comply with multiple RFID mandates on a single platform and at the same time extending the usage for business organizations to reap the inherent benefits of the granular data thrown up by RFID technology. SkandSoft, through its partner engagement model, helps ensure constant delivery of products and services at steady levels of quantum and quality.
About Frost & Sullivan
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