BWI: Polycom receives the Video Conferencing Equipment Vendor of the Year at 2012 Frost & Sullivan India ICT Awards

Press release from Business Wire India
Source: Frost & Sullivan
Friday, May 18, 2012 05:10 PM IST (11:40 AM GMT)
Editors: General: People; Business: Accounting & management consultancy services, Business services, Media & entertainment
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Polycom receives the Video Conferencing Equipment Vendor of the Year at 2012 Frost & Sullivan India ICT Awards


Mumbai, Maharashtra, India, Friday, May 18, 2012 -- (Business Wire India) -- Frost & Sullivan today announced that Polycom India has been honored with the Video Conferencing Equipment Vendor of the Year award for 2011. Polycom, Inc., the global leader in open standards¬-based unified communications (UC), has won this award for the second consecutive year. The company previously won the Frost & Sullivan award for Market Share Leadership in Video Conferencing Endpoints and Infrastructure in 2008 and 2009.

Convergence of technologies to enhance business processes is playing a key role in shaping the mindset of enterprises to adopt rich communication options. The need for mobility-based video conferencing systems is gradually increasing. The Indian Video Conferencing market grew at a steady pace in 2011, with total revenues of USD 83.1 million and a growth rate of 38.7 percent.

On receiving the award, Mr. Neeraj Gill, Managing Director - India & SAARC, said, "We are proud to be the recipient of this award for the second consecutive year. It recognizes our continuous efforts to focus on customer needs. Polycom is committed to delivering the most innovative and best-in-class video collaboration solutions that strongly focus on interoperability, hence protecting customers' existing investments. 2011 was a great growth year for us in the region, and we continue to be bullish on the Indian market."

Polycom continues to invest in its R&D units to deliver bandwidth-effective video systems. To cater to small and medium business segments with its cloud-based video service offering, it has focused on offering Polycom® RealPresenceT Experience (RPXT)on mobile platforms, in addition to collaborating with UC vendors - to enhance the integration of its video with other UC applications  and with telecom service providers.

While presenting the award, Benoy CS, Director, Information & Communications Technology Practice, Frost & Sullivan, South Asia and Middle East, stated, "Polycom was the market leader in the Video Conferencing market in 2011, with a significant revenue growth. Since its entry into India, Polycom has carved a niche for itself by strengthening its technical expertise and channel base and by taking initiatives to hold an Open Visual Communication Consortium (OVCC) for bettering the entire ecosystem."

The recipient of the award was adjudged on the basis of a variety of parameters like Revenue, Growth, Market Share, Strategic Initiatives, UC Integration, and Go-to-Market Strategy, and the process involved in-depth primary interviews of various industry participants and secondary research conducted by Frost & Sullivan analysts. The data was then 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 presented the award to the company that received the number one industry rank.

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About Polycom

Polycom is the global leader in open standardsbased unified communications (UC) solutions for telepresence, video, and voice, powered by the Polycom RealPresence platform. The RealPresence platform interoperates with the broadest range of business, mobile, and social applications and devices. More than 400,000 organizations trust Polycom solutions to collaborate and meet face-to-face from any location for more productive and effective engagement with colleagues, partners, customers, and prospects. Polycom, together with its broad partner ecosystem, provides customers with the best total cost of ownership, interoperability, scalability, and security - on-premises, hosted, or cloud-delivered. Visit http://www.polycom.asia, or connect with Polycom on Twitter, Facebook, and LinkedIn.


CONTACT DETAILS
Caroline Lewis, Corporate Communications - South Asia, Frost & Sullivan, +91 98217 37935, caroline.lewis@frost.com
Akshata Mhatre, Corporate Communications - South Asia, Frost & Sullivan, +91 (22) 66072020, akshatam@frost.com
Nimisha Iyer, Corporate Communications - South Asia, Middle East and North Africa, Frost & Sullivan, +91 9820050519, niyer@frost.com

KEYWORDS
PEOPLE, CONSULTANCY SERVICES, BUSINESS SERVICES, MEDIA

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