BWI: Polycom Receives 2011 India Frost & Sullivan ‘Video Conferencing Equipment Vendor of the Year' Award

Press release from Business Wire India
Source: Frost & Sullivan
Monday, June 20, 2011 01:48 PM IST (08:18 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Advertising, PR & marketing, Business services, Media & entertainment, Telecommunications; Technology
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Polycom Receives 2011 India Frost & Sullivan 'Video Conferencing Equipment Vendor of the Year' Award


Mumbai, Maharashtra, India, Monday, June 20, 2011 -- (Business Wire India) -- Polycom has been awarded the Frost & Sullivan 'Video Conferencing Equipment Vendor of the Year' for the year 2010. The latest trend in the Video Conferencing Industry is embedding video conferencing systems into the unified communication framework of an enterprise. In today's fast-paced world, Video Conferencing plays an important role in reducing several complexities in the work environment. Most importantly, an enterprise's changing usage pattern of collaboration solutions necessitates the inter-operability of Video Conferencing Systems and convergence with other modes of communication and collaboration technologies like IP phones, tablets, and laptops. The quality of the system, bandwidth consumption, user-friendliness, scalability, affordability, and the ability to customize products as per the enterprises' requirements are some key parameters that end users consider while selecting the vendor.

Speaking on this occasion Mr. Neeraj Gill, MD India & SAARC, Polycom said," We are honored to receive this prestigious recognition from Frost & Sullivan. Our vision and strategy is to enable Unified Communications Everywhere-allowing communication anywhere on any device. We're opening up new and emerging markets to UC, particularly visual communication, by developing cloud computing and mobility solutions that consumers, SMBs, and enterprises can leverage. We're also teaming with the world's leading service providers to deliver seamless UC around the globe so that our customers can communicate and collaborate regardless of time."

Polycom has been a market leader in the Video Conferencing space in India, with a share of 45.2 percent in the USD 58.5 mn market in 2010, covering the video end-points, infrastructure, and the high-end telepresence systems. Polycom offers a range of products in the single and multi-codec segments, infrastructure products covering multi-point control units, recording and streaming servers, and management applications. It has also partnered with unified communication vendors like Microsoft, IBM, HP, Broadsoft, Juniper, Avaya, and Siemens to develop open collaboration solutions.

While presenting the award, Anand Rangachary, Managing Director, Frost & Sullivan, Middle East, North Africa, and South Asia stated, "Polycom has had the highest market share in Video Conferencing equipment in India in 2010. It has been at the forefront of technology, effectively translating its efficiency into developing intelligent solutions, which ensure inter-operability between different modes of conferencing technologies. Polycom continues to be the leader in the video conferencing equipment market with its segmental approach in product offerings, innovative technologies, and partnership with vendors in the unified communication value chain."

The Frost and Sullivan Award criteria include variety of parameters like Revenues, Growth, Market Share, Product Diversity, Vertical, and Horizontal Diversity. The selection procedure involves in-depth primary interviews of various industry participants and secondary research conducted by Frost & Sullivan analysts. The data is than presented to an elite panel of jury members, comprising some of the most prominent CIOs/CTOs from the industry to incorporate the end-user perspective. Frost & Sullivan then presents the award to the company that receives the 'number one' industry rank.

About Frost and Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. The Company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 50 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from more than 40 offices across six continents. To join our Growth Partnership, please visit http://www.frost.com.

About Polycom

Polycom, Inc. (Nasdaq: PLCM) is a global leader in unified communications solutions and the only provider of telepresence, video, voice and infrastructure solutions built on open standards.

With Polycom, people in different locations can more effectively communicate, solve problems, and create together. Using Polycom UC solutions and services, people connect and collaborate with one another from anywhere at any time through their desktops, meeting rooms, class rooms, and a variety of mobile settings. Through highly visual immersive experiences, teams make better decisions faster and increase their productivity.
Polycom powers smarter conversations, transforming lives and businesses worldwide.
For more information, please visit www.polycom.co.in or E-mail us at connect.india@polycom.com


CONTACT DETAILS
Caroline Lewis - Corporate Communications - South Asia, Frost & Sullivan, +91 98217 37935, caroline.lewis@frost.com
Nimisha Iyer - Corporate Communications - South Asia, Middle East and North Africa, Frost & Sullivan, +91 98200 50519, niyer@frost.com

KEYWORDS
CONSUMER, CONSULTANCY SERVICES, MARKETING, BUSINESS SERVICES, MEDIA, TELECOMMUNICATIONS, TECHNOLOGY

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