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EXFO Awarded By Frost & Sullivan for Market Penetration
April 3, 2003 |Estimated reading time: 1 minute
San Jose, Calif. -- Frost & Sullivan has announced EXFO Electro-Optical Engineering Inc. as recipient of the 2003 Market Penetration Award in the optical test equipment market.
EXFO, an industry leader in the fiber-optic test equipment market, receives the award in recognition of its efforts to promote its position in a highly competitive and turbulent market and create a positive impact on the industry.
The acquisitions of Avantas Networks in November 2001 and gnubi in September 2002 have enabled EXFO to successfully answer customer needs for complete testing solutions. In the past, network equipment manufacturers and service providers have not the human capital necessary to integrate various pieces of test equipment from different vendors to create a complete system. Acquiring Avantas has allowed EXFO to integrate and distribute advanced, convenient, and less costly testing platforms. gnubi added a highly focused research and management team to further strengthen EFO's market position and product offering.
The Market Penetration Award is presented to the company that has demonstrated excellence in product innovation, marketing, and sales strategies. Through strategic acquisitions and product innovation, EXFO has successfully strengthened their market share in the industry.
EXFO has also been recognized with the 2003 Market Growth Strategy of the Year Award for its market and geographic expansion.
EXFO is a leading designer and manufacturer of fiber-optic test, measurement, monitoring and automation solutions for the global telecommunications industry. EXFO markets more than 90 product families to 2000 customers in 70 countries around the world. For more information, visit www.exfo.com.