Test and measurement equipment management company, Microlease, has been named Company of the Year for Best Practices in Global Test and Measurement Rental and Leasing Services by Frost & Sullivan for 2015. This is the third year running that the company has scooped the accolade.
Jessy Cavazos, Industry Director at Frost & Sullivan, said: “Winning a Company of the Year award three times in succession is a very rare distinction, but because of its strong overall performance, Microlease fully earned the Frost & Sullivan 2015 Global Company of the Year Award. Striving to become the one-stop-shop customers were looking for, the company has continued to broaden its offering from rental and leasing services to include new test equipment, used test equipment, and asset management services. Microlease has adopted a dramatically different strategy than its key competitors which has enabled it to grow its business at a much higher rate than its peers.”
“Customers are becoming more aware about the cost of testing - they are exploring ways to better manage costs related to test and measurement tasks. Microlease is seeking to partner with them and help them identify and adopt test strategies that are more aligned with their needs. We are delighted that Frost & Sullivan has identified Microlease as the industry leader based on customer service, vision, financial performance and brand position for the third year in succession,” said Nigel Brown, Microlease CEO (pictured).
In its report Frost and Sullivan highlighted that Microlease’s success is driven by offering customers value and delivering high quality services, creating strong customer loyalty. They were particularly impressed with the company’s strong technical expertise that supports customers. Moreover, Frost & Sullivan's research shows that its growing global footprint has also proved to be essential for providing local support in Asia for American and European customers with developing operations in the region.
Cavazos added: “Microlease’s geographic footprint is larger than that of any of its competitors and spans North America, Europe and Asia-Pacific. The acquisition of Livingston boosted the organic growth of its rental business in Europe, and added locations in India and Singapore to strengthen its position in Asia.”
To win the Frost & Sullivan Company of the Year award requires a company to demonstrate excellence in growth, innovation and leadership. Analysts look at how a company performs in terms of driving demand, brand strength and competitive differentiation. In addition, they seek rigorous focus on visionary innovation to enhance customer value and impact. Frost & Sullivan’s independent analysis showed that the company’s differentiated offering, combined with a strong grasp of factors such as equipment availability and logistics that determine success in a rental market, allowed Microlease to grow its business at a higher rate.
At the same time, Microlease announced that it has been named in the 2015 edition of London Stock Exchange Group’s 1,000 Companies to Inspire Britain - a landmark report identifying the UK’s most exciting and dynamic small and medium sized businesses.