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RISHON LETZION, Israel, March 7, 2011 (GLOBE NEWSWIRE) -- B.O.S. Better Online Solutions Ltd. ("BOS" or the "Company") (Nasdaq:BOSC) today announced that it has been recognized with the Entrepreneurial Company of the Year Award in the field of Automatic Identification Data Capture (AIDC) for the EMEA region by Frost & Sullivan, a leading global research organization.
The Entrepreneurial Company Award is a prestigious recognition of BOS' accomplishments in the AIDC and RFID industry and is awarded based on ongoing research completed by Frost & Sullivan's Auto Identification and Security research team. 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 in the industry.
"BOS has demonstrated remarkable receptiveness in innovating products that help their customers optimize their processes and make better business decisions," said Raman Monga, Frost & Sullivan's auto-identification research manager. "This award is presented in recognition of the company's outstanding focus on product innovations and remarkable growth dynamics approach."
BOS was selected based on an independent assessment and ranking of the peer group companies in the categories of entrepreneurial spirit, growth strategy, business processes innovation and customer value. BOS scored well ahead of its competitors in all criteria. The company's BOS ID is a robust platform for system integrators to assemble applications where no programming is required for transfer to any AIDC client.
"BOS Better Online Solutions' product portfolio leverages 25 years of project experience and demonstrates a clear understanding of deployment challenges," said Monga. "BOS ID and BOS RFID Server's ability to work with different types of readers, protocols, wireless networks and applications provides the flexibility and functionality of a scalable solution for a competitively low total cost of ownership."