Based on its recent analysis of the Internet of Things (IoT)/Machine-to-Machine (M2M) software platforms market, Frost & Sullivan recognizes Mesh Systems with the 2014 North America Frost & Sullivan Entrepreneurial Company of the Year Award. The company has achieved significant success with MeshVista, its innovative IoT/M2M cloud-based platform. This solution is designed to collect and collate large amounts of unstructured and structured data from connected devices, business systems, and individual personnel across the enterprise, in real time.
By building an industry-leading ecosystem of supply chain partners, the company has ensured reliable and secure network services for its original equipment manufacturer (OEM) customers. Mesh Systems’ partnerships with mobile communication network carriers have allowed it to deploy devices on its IoT/M2M platform at scale for almost any application interchange.
“Additionally, this solution operates as a Platform as a Service and is highly compatible with wired, wireless, and hybrid networks,” said Frost & Sullivan Research Analyst Srikanth Madapura Shivaswamy. “However, what really sets MeshVista apart is its speed to market. Mesh Systems delivers a truly superior, end-to-end, turnkey experience to OEMs, enabling their customers to deploy unique, highly scalable solutions faster than their peers.”
MeshVista extends from the cloud down to custom-designed wireless devices that form the network for a particular application. As part of its solution, Mesh Systems offers hardware design, manufacturing and engineering services. OEM organizations can integrate with the platform for both industrial and non-industrial applications.
MeshVista draws connections into its cloud from millions of end devices that send data 24/7/365. The entire cloud-based framework is designed to provide low latency between devices while still interfacing with them, whether it is a human on a mobile device or a third-party data system interacting with the platform.
The company has grown at an average rate of 250 percent over the past couple years through aggressive customer acquisition. It has added multiple fortune 50 companies to its fast-growing customer list in different vertical industries. Its vision to develop a broad functional set of platform components has allowed it to penetrate multiple industries, such as food/beverage, security, advertising/promotion, energy and environment.
“Mesh Systems not only continuously develops and refines customer applications, it also focuses on upgrades and ongoing development of its platform, making vertical applications hosted on the platform more future-friendly,” noted Shivaswamy. “This distinct approach has enabled it to comprehensively meet the needs of difficult IoT/M2M applications and end users.”
Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in products and technologies, leadership in customer value, as well as speed in response to market needs. In short, the award looks at the emerging market players in the industry and recognizes their best practices that are positioned for future growth excellence.
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 to identify best practices in the industry.