Avistar Showcases Technology for Financial Services Video Network at SIA Technology Management Exhibition.Business Editors/High-Tech Writers Securities Industry Association's Technology Management Conference and Expo Booth #1520 REDWOOD SHORES, Calif.--(BUSINESS WIRE)--June 8, 2004 Technology Improvements Provide Enhanced Range of Services for Desktop Video Users Avistar Communications Corporation (Nasdaq:AVSR (Audio Visual Speech Recognition) Using lip reading software to enhance speech recognition. In noisy environments where a camera can be included, AVSR improves the computer's ability to recognize the speaker's words by visually tracking lip movement and ), a provider of business video collaboration solutions, will announce its independent video network for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. value chain of investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. , asset managers and their partners, suppliers and outsourced vendors at the Securities Industry Association's (SIA Sia (sī`ə) or Siaha (sī`əhə), in the Bible, family returned from the Exile. SIA - Serial Interface Adaptor ) Technology Management Conference and Expo in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , June 8-10, 2004. At its booth (#1520), Avistar will also showcase recently launched technology upgrades which provide enhanced services to this video-enabled community. Launched just one year ago to link sell-side and buy-side firms, the multi-enterprise video network has grown and is now offered as a hosted service open to new organizations. Members of this video community can expect to benefit from a reliable, robust and secure network. With two new customers joining recently, the community now includes 10 companies with locations in over 20 countries. At the booth, Avistar will demonstrate how the video network is being used to help financial services institutions connect dispersed global teams and manage outsourced environments. At the booth, Avistar will highlight recent software enhancements including the AvistarVOS(TM) Proxy 7.6 and AvistarVOS Administrator 1.0. This software provides web-based control over where and how user presence information is created and shared across member companies within the video network. It ensures that only relevant users appear in presence lists and helps administrators maintain user privacy. Visitors to the booth can learn about Avistar's recent partnership with Virtela Communications Inc. to provide an IP-based VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. for desktop-to-desktop video collaboration for the financial services community. With the IP-based VPN, global financial services firms and their customers benefit from faster, more reliable and less expensive communication than traditional video technologies. Also at the booth, Avistar will preview new technology which will be launched later this year. "Avistar's desktop video applications are helping many of the world's largest financial services firms make money, save money, mitigate risk, and differentiate themselves," said Jerry Burnett, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Avistar. "Today, financial services professionals use video to communicate and collaborate effectively with dispersed global teams across all sectors of the financial markets. This conference gives us an opportunity to show a new group of financial services executives the impact that face-to-face communication can have on the bottom line." About Avistar Communications Corporation Avistar develops, markets and supports video collaboration solutions for the enterprise, all powered by the AvistarVOS software. From the desktop, Avistar delivers TV-quality video calling, recording, publishing to web and emails, video-on-demand, broadcast, and document sharing See data conferencing. . Avistar delivers on vBusiness -- video-enabling business -- by integrating visual communications into the daily workflow and connecting communities of users within and across enterprises. Founded in 1993, Avistar Communications Corporation is headquartered in Redwood Shores, California Redwood Shores is an upscale and desirable [1] waterfront neighborhood on the San Francisco Peninsula in California. It is located on the eastern edge of Belmont, but is actually part of incorporated Redwood City. , with sales offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and London. Avistar's technology is used in more than 35 countries. Collaboration Properties, Inc Collaboration Properties, Inc. (CPI) is a wholly owned subsidiary of Avistar Communications Corporation. It holds US and foreign patents in the primary areas of presence-based interactions, desktop video, recorded and live media at the desktop, multimedia documents, data sharing, ., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Avistar Communications Corporation, holds a broad portfolio of patents covering the AvistarVOS platform as well as multiple software and hardware video collaboration products. For more information, visit www.avistar.com. Forward Looking Statements This press release contains forward-looking statements including statements regarding the cost, performance, reliability, impact and benefits of Avistar's products and services. Such statements are subject to risks and uncertainties that could cause actual results to differ materially, including such factors, among others, as technical difficulties, difficulties and delays in distribution, costs and technical difficulties associated with product development, the development of competitive technology and solutions, general economic conditions and conditions in the financial services industry in particular, and delays in adoption or acceptance of video collaboration technology. We refer you to the documents that Avistar files from time to time with the Securities and Exchange Commission, in particular the section entitled "Factors Affecting Future Operating Results" in Avistar's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and its quarterly reports on Forms 10-Q. All rights reserved. Avistar, AvistarVOS, and the Avistar logo are trademarks or registered trademarks of Avistar Communications Corporation. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion