MONTREAL — (BUSINESS WIRE) — May 29, 2012 — Based on thorough market analysis, Frost & Sullivan recognizes Toon Boom Animation Inc. with the 2011 Global Frost & Sullivan Award for Entrepreneurial Company of the Year. In a highly concentrated market, in which the top three companies hold nearly 67 percent of the market share, Toon Boom has shown remarkable entrepreneurial spirit, rapidly gaining a strong foothold through product innovation, marketing and the implementation of a well-rounded strategy.
Building upon its solid foundations in the professional arena, Toon Boom has expanded its wings into the education and consumer markets. This strategy implies delivering innovative and user-friendly products that enable customers to create digital content and develop 21st century skills in the classroom. As a leader in the animation software industry, Toon Boom quickly appeared on the Frost & Sullivan radar and was evaluated on the following criteria: Growth Strategy Excellence; Growth Implementation Excellence; Degree of Innovation with Products and Technologies; Leadership in Customer Value; and Speed of Response to Market Needs.
“Compared with its competitors, Toon Boom exhibited multi-dimensional strategies to meet its objectives,” said Frost & Sullivan research analyst Prayerna Raina. “For the past seven years, Toon Boom has consistently added products to broaden its offerings, emphasized and refined its key differentiating features, expanded into verticals other than media and entertainment, and continued to strengthen its position in emerging markets.”
"We are honoured to receive such accolades from this prestigious organization. This accomplishment reinforces our determination in pursuing our goals and bringing to market more innovation and excitement to our growing community," shared Joan Vogelesang, president and chief executive officer at Toon Boom.
About Toon Boom Animation Inc.
Toon Boom Animation Inc. ( toonboom.com) is the worldwide leader in digital content and animation creation software, delivering products and services online to its global community. Toon Boom carries user-friendly applications for all, catering to children, home users, creative professionals as well as students, educators and schools. Toon Boom is fully dedicated to education and goes far beyond just developing technology and curriculums that will enhance the classroom experience. Toon Boom is an influential advocate of bringing industry and education together, while partnering with value-added partners to help students achieve their goals.
At the high-end studio level, Toon Boom offers a wide product range from powerful pre-production tools to leading-edge animation production solutions. Relying on its extensive expertise in animation production, Toon Boom provides consulting services in the fields of optimization, pipeline integration, production assistance and custom development.
In 2005, Toon Boom was granted the Primetime Emmy® Engineering Award by the Academy of Television Arts & Sciences for its significant contribution made to the animation industry targeted for television. In 2006, the IT Federation of Quebec (FIQ) awarded an OCTAS 2006 in the Multimedia – educational and cultural sector category, for Toon Boom Studio. In 2007, FIQ awarded an OCTAS 2007 in the Technological Innovation category, for Toon Boom Storyboard Pro. In 2008, Flip Boom was granted a Parents’ Choice Gold Award and a New Canadian Media Award in the Excellence in Children’s category. In 2009, Flip Boom was selected as Editor’s Choice by the prestigious Children’s Technology Review for excellence in design. In 2010, Flip Boom All-Star was granted a Parents’ Choice Silver Award, the NAPPA Honors Award and the Tech & Learning Award of Excellence. In 2011, Toon Boom won the HSBC International Business Award in the small and medium size category. In addition, both Flip Boom Classic and Flip Boom All-Star Curriculums were granted the 2011 Distinguished Achievement Awards in the Art category, for K-5 and 6-8 markets by The Association of Educational Publishers (AEP). The Flip Boom Classic Curriculum was also a AEP Innovation Award finalist for its excellence in educational resources. Garfield’s Comic Boom was awarded the 2011 Preferred Choice Award granted by Creative Child Magazine, the 2011 NAPPA Honors Award and the 2011 Parent Tested Parent Approved Seal of Approval. Flip Boom All-Star received the 2011 Media of the Year Award, granted by Creative Child Magazine and the 2011 Parent Tested Parent Approved Seal of Approval. Toon Boom Studio received the 2011 Tech & Learning Award of Excellence. In 2012, Frost & Sullivan granted Toon Boom the 2011 Global Animation Software Entrepreneurial Company of the Year Award..
Toon Boom's client base ranges from major studios creating Hollywood
blockbuster animated films to individual animators creating their first
masterpieces. Market-leading studios using Toon Boom's products include
Disney, Nelvana, Warner Bros., Nickelodeon, Cartoon Network, Fox, Bento
Box, Film Roman, China Central Television, DQ Entertainment, eMation,
Rough Draft Korea, Alphanim, Cromosoma and Enarmonia, to name but a few.
Some of the prestigious productions done with Toon Boom’s technology
include Les Triplettes de Belleville (Les Armateurs), Looney
Tunes: Back in Action (Warner Bros.), The Rugrats
(Universal), SpongeBob The Movie (Nickelodeon), Hanuman
(Silverline), Curious George (Universal), Go West: A New Lucky
Luke Adventure (Xilam), Simpsons The Movie (Fox), Chico &
Rita (Mariscal) and The Princess and the Frog (Disney).