Strong Quarter-Over-Quarter Sales Results Demonstrate Growing Industry Market Share
Lifesize®, the high definition video communications company, today announced that market momentum continues to shift to high definition as sales of Lifesize video communications systems have steadily climbed worldwide quarter-over-quarter. Since releasing its flagship product Lifesize® Room™ in December 2005 and introducing Lifesize® Team™ in August 2006, Lifesize has experienced significant market share growth within every region as both existing and new users embrace high definition video communications.
Lifesize was the first company to deliver high definition video communications products. Since then other entrants have attempted to introduce similar offerings or high-end telepresence suites, but Lifesize offers the very best price-to-performance on the market. With Lifesize Room intended for large, geographically distributed participants in multiple locations and Lifesize Team geared for smaller, remote project groups, Lifesize is able to provide organizations of all sizes a high quality, high performance, cost-effective high definition video communications experience.
“High definition really changes the videoconferencing game, offering remarkable quality and ease-of-use,” says Melanie Turek, principal analyst at Frost & Sullivan. “Because that added performance doesn’t come at a significantly higher cost, the value proposition is extremely attractive. And since high definition videoconferencing offers such a good user experience, ROI cycles are often even shorter than with traditional technology.”
Building upon outstanding results in 2006, Lifesize’s first quarter 2007 revenue was up approximately 239% year-over-year and 34% over the fourth quarter in 2006. Lifesize added well over 100 new customers across the Americas, EMEA and APAC in the first quarter – during what is typically a flat to down period in the videoconferencing industry – to favorably position the company as the high definition video communications market leader with thousands of systems shipped to date worldwide.
“Our global market momentum is accelerating through strong adoption for Lifesize products from traditional and new videoconferencing users alike,” said Craig Malloy, CEO of Lifesize. “High definition video over IP networks will be the most important growth area in communications technology over the next decade, and Lifesize is uniquely positioned to make this a reality.”
The Lifesize product suite is comprised of the following and available through an expansive network of Lifesize channel partners around the world:
- Lifesize® Room™ – High definition video communications for medium to large groups
- Lifesize® Team™ – High definition video communications for smaller work groups
- Lifesize® Phone™ – High definition audio conference phone
- Lifesize® Transit™ – Secure firewall / NAT traversal
- Lifesize® Networker™ – Enhanced ISDN to IP Gateway
- Lifesize® Gateway™ – Enterprise-class ISDN to IP Gateways
- Lifesize® Multipoint™ – 12 and 24-port high definition Multipoint Control Units
- Lifesize® Control™ – Video management software
- Lifesize® Gatekeeper™ – IP communications management