MADRID, Spain, April 15, 2008 (PRIME NEWSWIRE) -- Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, was awarded the Frost & Sullivan 2008 Company of the Year Award for its contribution to the development of supervisory control and data acquisition solutions (SCADA) for the oil and gas industry worldwide.
With this award, Frost & Sullivan, the global growth consulting company, recognizes Telvent's exhibited excellence in technology and market leadership. Frost & Sullivan analysts highlighted Telvent's continuing drive to develop the best products and services and provide unmatched value to its customers.
Telvent specializes in monitoring and control solutions that integrate acquisition subsystems, OASyS SCADA, advanced applications for O&G operations, and enterprise-wide geographical information systems (GIS). Seamless integration of these technologies, combined with excellent technical advisory, allows the Company to deliver a single-source solution for reliable, real-time information that allows accurate and timely operational and business decisions -- from the field to the highest corporate level. Telvent's success has demonstrated that its products and services are needed in the current global business environment, challenged by regulations, competition, profitability, and security.
"This award represents true recognition of Telvent's efforts to provide our clients with sustainable and secure solutions," stated Manuel Sanchez, Telvent's Chairman and Chief Executive Officer. "Acknowledgements like this reinforce our goal to continuously improve our products and services to meet clients' needs."
In selecting the recipient of this prestigious award, analysts at Frost & Sullivan tracked market participants' revenues, market shares within the industry as well as merger and acquisition strategies. Telvent has made tremendous efforts to continue to be an industry leader by identifying market challenges and developing value-added solutions that benefit clients and the industry as a whole. Through its products, services and employees, Telvent has become the market leader in the industry with over 30 percent of the O&G SCADA share worldwide.
According to Larry Stack, President of Telvent's Energy division, "This award is a tribute to our partners and clients, who inspire us to grow and improve continuously. They have made Telvent a market leader."
About Telvent
Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, specializes in high-value-added products, services and integrated solutions in the Energy, Transportation, Environmental and Public Administration industry segments, as well as Global Services. Its innovative technology and proven experience help ensure secure and efficient management of the operating and business processes of the world's leading companies. (www.telvent.com)
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About Frost & Sullivan
Frost & Sullivan, the consulting firm specializing in growth, teams up with clients to accelerate their growth. Partnership services for company growth, growth consulting and best practices in professional careers empower clients so they may generate a culture focused on growth, one which creates, assesses and implements effective growth strategies. Frost & Sullivan is backed by 45 years of experience in partnership with 1,000 companies worldwide, emerging businesses and an investment community of over 30 offices on six continents. (www.frost.com)