TANDBERG Awarded 2008 Frost & Sullivan Global Market Leadership Award
TANDBERG has been awarded the 2008 Frost & Sullivan Market Leadership Award for achieving leadership positions in the global market sfor both videoconferencing endpoints market and video conferencing infrastructure systems in 2007.
The award was given to TANDBERG in recognition of its market share in the Telepresence and videoconferencing industry. In 2007, TANDBERG revenues reached $630.5 million, growing almost 51 percent year-over-year. TANDBERG also increased its market share standing to become the number one provider of video conferencing endpoints and infrastructure products.
"TANDBERG has seen impressive top line growth in recent years due to the strength of its technology and sales execution," said Krithi Rao, Industry Analyst at Frost & Sullivan. "TANDBERG's customers are investing in TANDBERG technology due to its high-quality, ease-of-use and innovative features."
According to Frost & Sullivan, TANDBERG has further strengthened its position in the market through its strategy of selling end-to-end solutions including endpoints, video bridges, and supporting infrastructure. The supporting infrastructure products, including TANDBERG Management Suite (TMS) and Video Communication Server (VCS), are also providing a path into other video conferencing vendors' deployments
Frost & Sullivan also noted that TANDBERG is improving interoperability with key vendors in the market to provide greater value for customers with multi-vendor environments. For example, TANDBERG expanded its existing partnership with Microsoft, delivering business-quality video interoperability with Microsoft Unified Communications Platform (Microsoft Office Communications Server 2007).
"With the increasing demand for video, the need for scalable infrastructure and open systems that fully interoperate with other communications technology is essential," said Fredrik Halvorsen, TANDBERG CEO. "Our commitment to deliver quality video communications solutions which enhance an organization's unified communications strategy has been a key driver of our growth."
The Frost & Sullivan Award for Market Leadership is given to the company that has exhibited market share leadership through the implementation of market strategy. The recipient has displayed excellence in all areas of the market leadership process, including the identification of market challenges, drivers and restraints, as well as strategy development and methods of addressing these market dynamics. Furthermore, the award recipient has continually demonstrated solutions for monitoring market changes and for implementing superior market strategies. By utilizing these strategies for success, the company has established itself as the market share leader in its respective industry.
TANDBERG was most recently a recipient of the 2008 Frost & Sullivan Global Video Conferencing Company of the Year Award for its excellence in product innovation as well as market execution that accelerated the adoption of videoconferencing.
Source: www.VCInsight.com
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