Avistar Statistics Show High Usage of Video Collaboration Technologies Among Financial Services Customers.Business Editors/High-Tech Writers REDWOOD SHORES, Calif.--(BUSINESS WIRE)--April 22, 2003 Three Global 100 Firms Log Millions of Minutes per Month with Avistar Technology 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 - vBusiness, today announced statistics that show high usage of video collaboration technologies in 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. market. During 2002, three Global 100 firms together logged a record average of 1.5 million minutes per month on video with an average use of 34 minutes per day for active users(a). "Avistar is a powerful communications tool. It has increased our revenues by impacting the speed of decision-making and the effectiveness of our global teams," said John Steinhardt, MD, Head of North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. Credit Market, JPMorgan. For Avistar's Global 100 customers, desktop video collaboration helps increase sales and improve productivity by putting at user's fingertips "Fingertips" is a 1963 number-one hit single recorded live by "Little" Stevie Wonder for Motown's Tamla label. Wonder's first hit single, "Fingertips" was the first live, non-studio recording to reach number-one on the Billboard Pop Singles chart in the United States. two-way and multi-party calling, recorded and live video content, broadcasts, video email and a whiteboard facility enabling users to collaborate on graphics, data or text. "In today's global marketplace with reduced time to market and distributed work teams, the telephone or email alone can never be as effective as communicating face-to-face," says 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. "Our usage figures prove that desktop video is now a key business collaboration tool A collaboration tool is something that helps people collaborate. The term is often used to mean collaborative software, but collaboration tools were being used before computers existed, a piece of paper can for example can be used as collaboration tool. for our Global 100 financial services clients." "We estimate that the average business person uses the telephone approximately 16 minutes per day," said Zeus Kerravala, Vice President, Enterprise Computing and Networking Planning, Yankee Group. "Avistar's impressive customer usage figures show that desktop video collaboration is more than just a technology pipe dream. It is being used in the workplace consistently to communicate and gain competitive advantage." Avistar's video technology meets the conditions required for everyday use in the enterprise and brings visual presence into the business workflow in a manner that room videoconferencing or other collaborative technologies cannot match. A year ago, Jerry Burnett publicly challenged other collaborative media vendors to share product specific metrics. Since then, Avistar has continued to improve its reliability with 95% of video calls connecting successfully the first try and remaining connected through the call. This result is based on an analysis of 1.6 million calls at major Avistar installations and covers all calls - local area and wide area including both ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. and IP-based WAN calls. When considering only IP for WAN connectivity instead of ISDN, which is the highest single source of failure, Avistar's reliability reaches almost 99%. Avistar's networked architecture and the AvistarVOS(TM) video operating system are primarily responsible for the quality and reliability of the Avistar business video solution. Note (a): Active users are users who place at least one video call per month. 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. 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. Avistar, AvistarVOS, and the Avistar logo are trademarks or registered trademarks of Avistar Communications Corporation |
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