Entrepreneurial Company of the Year for Cloud MES
Frost & Sullivan Names 42Q Entrepreneurial Company of the Year in the North American Cloud MES Market (Press Release)
San Jose, Calif., March 9, 2017 – 42Q, a leading provider of cloud manufacturing execution systems (MES), has been named Entrepreneurial Company of the Year in the North American MES Market by Frost & Sullivan. 42Q is a complete manufacturing cloud solution for high technology companies, providing data security, global operations visibility, component traceability and process control. Frost & Sullivan recognized these and other attributes of 42Q, differentiating their solution from the rest of the competition.
“42Q’s vision of ‘taking MES to the cloud’ clearly resonates through its solution offerings and service capabilities, breathing fresh air into a market that is awash with point solutions and on-premise installations,” said Frost & Sullivan Research Analyst, Shilpa Mathur Ramachandran. “With its strong overall performance, 42Q has earned this 2017 Frost & Sullivan Entrepreneurial Company of the Year Award.”
MES technology is becoming increasingly important for manufacturers, helping them accelerate the implementation of IIoT (Industrial Internet of Things) in their operations. But according to Frost & Sullivan’s research, only 20 percent of companies have deployed MES technology. Traditionally, barriers to deployment have been high up front software licensing and I.T. hardware costs, along with lengthy implementation schedules. 42Q is a cloud solution, ready to deploy immediately at a fraction of the cost. No I.T. hardware is necessary and equipment can be quickly connected using web based applications. Tracking, serialization, routing, work instructions and paperless travelers can be configured and used within days. These advantages underscore the relevance of 42Q’s solution especially for companies implementing IIoT technology in their operations.
“At 42Q, we deliver a comprehensive and proven cloud MES solution which operates between an Enterprise Resource Planning (ERP) system and the manufacturing equipment in a factory, enabling easy and cost-effective implementation of the smart factory and Industry 4.0,” said Srivats Ramaswami, CTO, 42Q. “With robust and proven functionality, our cloud-based solution helps manufacturers more easily cross traditional boundaries of automation, engineering, operations and IT. We are excited to receive this honor from Frost & Sullivan.”
Frost & Sullivan’s 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.