Ittiam Marks the Year of Outstanding Global Recognitions
May 14, 2008
Awards in Worldwide DSP IP Survey, for Best International Investment in Paris Region and as Red Herring 100 Global Finalist
Ittiam Systems today announced that the company has received three outstanding global recognitions in the recent six month period.
Ittiam has been rated as the world’s most preferred provider of digital signal processing (DSP) based intellectual property (IP) in the DSP Professionals Survey 2007, conducted by Forward Concepts, U.S.A. This is the fourth successive time in which the company has topped the survey both in software and hardware IP categories, following its position as the number one choice in 2004, 2005 and 2006 surveys.
Forward Concepts is a premier market research company specializing in DSP and related segments. It is highly regarded for its understanding and analysis of markets for DSP in the semiconductor and in the end equipment industries. In 2003 Forward Concepts initiated a survey for the now well-established DSP IP market. Since then its report has become an established reference of IP providers in this segment for both software and hardware categories.
“Winning this world-wide recognition for the fourth successive time is a very unique and remarkable accomplishment,” commented Will Strauss, President of Forward Concepts. “This continues to strengthen the brand recognition and customers’ confidence in the company to provide DSP software and hardware IP,” he said.
Ittiam set up its European Subsidiary Ittiam Systems Europe in 2007 in Paris, France. On the occasion of Ernst & Young annual report on the most attractive European cities for international establishment, Paris-Ile de France gateway for Europe awarded three companies in April 2008, as a significant recognition of their impact to economic growth of the capital city. In presence of His Excellency Mr. Ranjan Mathai, Ambassador of India in France, Paris-Ile de France gateway for Europe, awarded Ittiam Systems Europe, for the ‘Best Foreign Investment in the Paris Region’.
In addition to these two awards, in December 2007, Ittiam Systems was selected as a ‘Finalist for Red Herring 100 Global Award for 2007′ from amongst 1800 Red Herring 100 winners and finalists from North America, Europe and Asia of the last three years. In communicating that award, the Editor-in-Chief noted that Red Herring Magazine was honored to announce Ittiam Systems as one of the most promising technology firms in the world.
According to Srini Rajam, Chairman and Chief Executive Officer of Ittiam Systems, “The year 2007-08 has been marked by all round progress by the company with innovative new products, strong growth in design wins with market leading customers worldwide and inspiring recognitions from the industry. We are increasing our momentum every day”.
Ittiam Systems Private Limited, headquartered in Bangalore, is a technology product company singularly focused on digital signal processing systems in media and communication. The company operates through its network of offices and representatives around the world. Ittiam’s customers include Fortune 100 companies and are distributed across U.S., Europe, Japan and Asia. Since 2004 the company has been consistently rated as the ‘World’s Most Preferred DSP IP Supplier’ in the annual surveys conducted by Forward Concepts Incorporated. In 2005 Ittiam had been selected by Red Herring into the top 100 private companies in Asia. In 2007, Ittiam received the NASSCOM India IT Innovation Award, a prestigious recognition of the company’s innovative product designs. For more details, visit www.ittiam.com.
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