The 2006 Frost & Sullivan European Security Company of the Year Award in the building technologies area is presented to Honeywell Security. Honeywell has responded to changing competitive and customer dynamics by implementing successful strategies and embarking on ambitious acquisitions to become a global leader in the development and distribution of electronic security technologies.
In recent years Honeywell has made a number of significant acquisitions both in the security technology manufacturing and the security equipment distribution sectors; a strategy that produces a perfect synergy between product development and delivery.
The company’s bold strategic vision has been exemplified by its decision to abandon the security services industry (remote monitoring) at a time when many of its competitors are striving to increase their presence in this market.
Frost & Sullivan’s Company of the Year Award is presented each year to a company that has demonstrated excellence in all operations including business development, competitive strategy, and leadership. The Award recipient has demonstrated exceptional customer service, the ability to combine technology and successful strategic initiatives and superior market growth skills to register significant gains in the market.
Frost & Sullivan Best Practices Awards recognise 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 in the industry.