Company Recognized for Product Innovation, Price Performance and Revenue Growth
Lifesize Communications, a division of Logitech (Nasdaq: LOGI) (SIX: LOGN), was awarded the 2009 Asia Pacific Emerging Video Conferencing Vendor of the Year by Frost & Sullivan. The award is presented to Lifesize for demonstrating excellence in product design and innovation, leading price performance, and significant revenue growth in the Asia Pacific region. The Frost & Sullivan Best Practices Award honors organizations that have demonstrated outstanding performance through remarkable best practices in their industry.
“Lifesize has a robust set of video conferencing solutions that meet the requirements of Asia Pacific customers exceedingly well in this recessionary environment, and its high growth in the market reflects this. There is growing demand for video conferencing products from price conscious customers in high growth Asian markets such as Japan, China, Australia and India, and Lifesize has the ideal solutions to fulfill this demand,” said Pranabesh Nath, industry analyst at Frost & Sullivan.
“With continued product development & technical innovation, we expect Lifesize to maintain its high growth in the Asia Pacific market and provide a serious challenge to established competitors in the video collaboration industry,” continued Nath.
“Lifesize is honored to be selected by Frost & Sullivan for this award. Since we introduced the first high definition video communications system to the market in 2005, we have continued to drive superior quality of experience, unique flexibility and unmatched price performance in our HD solutions,” said Craig Malloy, chief executive officer of Lifesize Communications. “As evidenced by the double-digit growth of the video communications market, customers are adopting video communications to change the way they work and live.”
Lifesize high definition video communications enable face-to-face communications at a distance as naturally as being in the same room. From the home office to the conference room, the desktop PC to the telepresence suite, Lifesize solutions are deployed in organizations around the world, enabling organizations to reduce travel expenses, increase productivity and realize improved communications and collaboration anywhere, anytime.
About The Award
The Frost & Sullivan Award for Emerging Company is presented each year to the company that has emerged as a significant participant within its industry. This company is perceived to have exhibited outstanding management, superior market growth, exceptional customer service and the ability to combine technology and successful strategic initiatives. This company has the exceptional know-how to take advantage of market changes through the execution of innovative strategies within the existing competitive landscape.
About Frost & 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 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com. Frost & Sullivan has a consulting relationship with Lifesize, and Lifesize paid Frost & Sullivan a licensing fee in connection with the marketing of the award.