Avistar and Syntegra Form Global Partnership to Power Trading Floors With Multi-Media Communication Platforms.Business Editors/High-Tech Writers REDWOOD SHORES, Calif. & LONDON--(BUSINESS WIRE)--Oct. 11, 2001 Achieve Seamless Integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. of Video and Voice Communication 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 ), the leading provider of enterprise video communication solutions, and Syntegra, the global consulting and systems integration business of British Telecommunications (NYSE NYSE See: New York Stock Exchange :BTY BTY Battery BTY Betty BTY Back To You BTY Better Than You BTY Blessings to You ), today announced a joint marketing and resale agreement for the integration and sale of Syntegra's ITS voice trading platform and AvistarVOS(TM), Avistar's video operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. . Integrating Avistar's and Syntegra's technologies brings audio and video channels together seamlessly -- enabling high quality face-to-face interaction and other video applications to take place at the trader's desktop. "Reliable, high-quality communications tools are mission critical in the fast-paced, information-intensive 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. industry," commented Larry Tabb, VP Securities and Investments Research Practice at The TowerGroup. "As business relationships and expertise must be leveraged as quickly and effectively as possible, video communication is becoming a tool as standard and essential as the phone and email." The AvistarVOS software provides professionals with a full range of video communication services -- multi-party video calls, broadcast, video-on-demand, record and publish -- all directly from their desktops. Avistar's video operating system will provide an integrated visual collaboration channel for Syntegra's ITS Myriad integration framework -- which offers a collaborative trading environment between colleagues, clients and trading partners. ITS Myriad already offers integration across multiple channels including the Internet, instant messaging Exchanging text messages in real time between two or more people logged into a particular instant messaging (IM) service. Instant messaging is more interactive than e-mail because messages are sent immediately, whereas e-mail messages can be queued up in a mail server for seconds or , mobile and voice; this partnership now adds a rich desktop video collaboration dimension to the Syntegra ITS voice trading platform. The power behind the integration is the intuitive combination of audio and video functionality within the same system, driven from the familiar user interface of the ITS turret. The combined solution is intended to increase the convenience, speed, and effectiveness of trading floor communications, which are critical in today's highly competitive and volatile market environment. "Our global partnership with Avistar demonstrates our commitment to continually develop best-of-breed technology solutions that enable our clients to differentiate themselves and keep an edge on the service they offer to their clients," said Rod MacDonald, director of Syntegra's trading systems business unit. "Integrating Avistar's software with Syntegra's trading technology is a crucial element of our vision to enable the virtual trading organization by seamlessly connecting distributed sales offices, trading centers, partners and clients worldwide." "Teaming with Syntegra is an important step in our plans to fully integrate our AvistarVOS software with trading room The notion of "trading room" (sometimes used as a synonym of "trading floor", see below) is widely used in financial markets to refer to the office space where market activities are concentrated in investment banks or brokerage houses. systems, combining high quality video with a familiar, proven and reliable voice trading platform," said Gerald J. 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 Communications Corporation. "Our partnership with one of the leading providers of voice trading systems will further increase demand for interactive video services on every trading floor and increasingly place these video-enabled floors at the center of enterprise communications." Under the terms of the agreement, Syntegra will sell the integrated Avistar-powered ITS turrets to its clients worldwide. Avistar Communications Corporation Avistar develops, markets and supports a comprehensive suite of networked video communication services for the enterprise. From the desktop, Avistar delivers TV-quality interactive video calling, content creation and publishing, broadcast origination and distribution, video-on-demand, and integrated data sharing The ability to share the same data resource with multiple applications or users. It implies that the data are stored in one or more servers in the network and that there is some software locking mechanism that prevents the same set of data from being changed by two people at the same time. . The Avistar video and data collaboration See data conferencing. applications are all managed by the AvistarVOS(TM) video operating system. Founded in 1993, Avistar Communications Corporation (Nasdaq:AVSR) is headquartered in Redwood Shores, Calif., 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. 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 See collaborative software. . For more information on Avistar, visit www.avistar.com. Syntegra Syntegra is a global consulting and systems integration business. It is part of British Telecommunications Ltd. Syntegra employs over 5,000 professionals in Europe, USA, Asia and Australia. As global business system experts, Syntegra develops innovative ideas for its clients using the latest technology. Syntegra doesn't just advise, it designs and delivers IT and communications systems and, for many clients, it manages the whole operation. Learn more about what Syntegra can do by visiting www.syntegra.com. Trading Systems Syntegra is recognized around the world for its skills and capability in financial trading systems. Syntegra trading systems are in place in every major commercial center. As one of the world's largest providers of financial systems, operating in over 51 countries with more than 50,000 ITS positions at over 1,400 sites, Syntegra provides voice applications that enable traders to make quick decisions under busy market conditions. For more information, please visit www.tradingsystems.syntegra.com. Forward Looking Statement This press release contains forward-looking statements, including, but not limited to, statements regarding the standardization of video communication, the capabilities of Avistar and Syntegra products, the impact of these products on our customers and the effect of our partnership on demand for interactive video services. These statements are subject to various risk factors including, but not limited to, general economic conditions, dependence on a limited customer base, rapid technological change and competition. 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. Note to Editors: Avistar, AvistarVOS, and the Avistar logo are trademarks or registered trademarks of Avistar Communications Corporation. Syntegra, ITS, and Myriad are trademarks or registered trademarks of British Telecommunications plc. All other names used are the trademarks of their respective owners. |
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