Riello UPS named Company of the Year by Frost & Sullivan
Riello UPS, one of Europe’s largest UPS manufacturers, was named UPS Company of the Year at the recent Frost & Sullivan Best Practice Awards.
After extensive analysis of the Uninterruptible Power Supply (UPS) market, the judges at Frost & Sullivan were impressed with Riello UPS’ product portfolio as well as its growth through both organic development and strategic acquisitions. The Company of the Year award is presented to a company that has excelled in growth strategy and implementation and in achieving a high degree of innovation with products and technologies.
The company is also commended for its leadership in customer value and market penetration. Riello UPS has steadily ranked among the top five players in the European UPS market over the last decade. Its revenues have risen by 85 per cent in 2011 compared to 2005, while its market share has grown from around nine per cent to 11 per cent in 2011. In 2011, Riello UPS acquired Marm UPS, an Australian UPS company, forming part of its strategy to maintain a direct presence worldwide.
Research analyst for Frost & Sullivan, Gautham Gnanajothi said: “An extensive and versatile portfolio of high-quality products catering to diverse applications, coupled with a dedicated customer-centric approach, have been central to Riello’s success. “Given the period from 2008 to 2010 was one of the toughest in Europe and worldwide, Riello’s strong growth is reflective of the company’s best-in-class products and services.”
Fabio Passuello, CEO of Riello UPS said: ““Riello is working its way to achieving its objective of extensive global presence. In areas where a direct presence is difficult, Riello employs a highly trained and efficient sales network and creates strong partnerships with distributors to achieve faster sales. Receiving this award from Frost & Sullivan is a great honour and a testament to Riello’s position as a total service provider, offering a complete range of UPS solutions synonymous with reliability and resilience. “Our recent development of the Multi Sentry UPS range demonstrates Riello’s forward thinking approach. The 10-120kVA range was developed following feedback from customers and offers them up to 50 per cent savings in energy compared to a traditional UPS system.””
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.
Frost & Sullivan is in its 50th year in business with a global research organization of 1,800 analysts and consultants who monitor more than 300 industries and 250,000 companies. The company’s research philosophy originates with the CEO’s 360 Degree Perspective™, which serves as the foundation of its TEAM Research™ methodology.
This unique approach enables them to determine how best-in-class companies worldwide manage growth, innovation and leadership. Based on the findings of this Best Practices research, Frost & Sullivan is proud to present the 2012 Europe Company of the Year Award in Uninterruptible Power Supply (UPS) to RPS SpA (Riello UPS.)