Frost & Sullivan Confers 2004 Entrepreneurial Company Award on ViewCentral
PALO ALTO, Calif.--(BUSINESS WIRE)--June 8, 2004--In a recent study entitled "World Web-based Event Services Market," Frost & Sullivan drew attention to the substantial growth of ViewCentral in the Web-based events market and the significant value it has derived from various partnerships with top audio and Web conferencing service providers.
Since its inception in 1999, ViewCentral has been dedicated to providing customers with self-service collaboration management solutions. The company had a key role in creating Collaboration Management Solutions (CMS) -- a niche market where the only notable competition is from in-house development groups within audio and Web conferencing service providers. ViewCentral's CMS are split into training and conferencing and each has capabilities for an on-line or in-person event.
"Continuing to expand its solution in order to gain more revenue potential each year, ViewCentral has clearly taken this industry by storm," says Frost & Sullivan Industry Analyst Jim Regan. "Earlier this year, ViewCentral Replay was created to add significant value to its solutions by helping organizations and enterprise get a better 'shelf life' out of their previously recorded events, and making it easier to manage and re-use the information."
For creating a new high revenue potential market through its management solutions and building alliances that protect it from both the supply side and the buyer side, ViewCentral is the recipient of the 2004 Frost & Sullivan Entrepreneurial Company Award.
The award is given each year to the company that has demonstrated superior entrepreneurial ability in its industry. It recognizes the company's identification of a unique and revolutionary product solution with significant market potential. Additionally, the award certifies that the company's marketing strategy is sound and poised for success.
Strong stakeholders amongst its investors, employees, suppliers, partners, and customers back ViewCentral. Novus Ventures, Aspen Ventures, and Artemis Ventures -- all top venture capital firms with strong early stage experience -- are ViewCentral's primary investors. Its partnerships are one of the primary reasons for the company's success in the conferencing industry. Its partners include WebEx, one of the top technology service providers (TSP) within the Web conferencing industry, and Interwise and Centra, both top tier premised-based web conferencing solution providers.
Service providers within the audio and Web conferencing as well as the e-Learning industries purchase ViewCentral solutions to provide their clients with more pre- and post-event functionality than they could provide themselves, especially in a large event.
Some of ViewCentral's clients are Xerox, Microsoft, Genesys Telecommunications Laboratories (owned by Alcatel) and McAffee.
ViewCentral's future looks bright as it continuously strives to improve its products to fit its clients' needs. ViewCentral collaborates with the best providers within each industry that it participates; this gives it a significant advantage going into the future locking in the service providers with the most clients.
About ViewCentral, Inc.
ViewCentral, Inc. is the leading provider of Collaboration Management Solutions (CMS) that are empowering companies to effectively and efficiently communicate with their customers, partners and employees. ViewCentral enables industry-leading customers to schedule, automate payment and manage global events, conferences, and training. Using ViewCentral, world-class companies such as Amdocs, Autodesk, E*TRADE, Network Associates, EPRI, Peregrine Systems, Plumtree Software, Xerox, and webMethods significantly reduce the resources needed to train and communicate with customers, partners, suppliers, prospects and employees. With Web conferencing, technology and e-learning partners WebEx, Microsoft Office Live Meeting (formerly PlaceWare), Raindance, MCI, Centra, Interwise, Questionmark, Brainshark, VeriSign, CyberSource and WorldPay, ViewCentral provides end-to-end conferencing and training solutions.
Privately held, ViewCentral investors include Novus Ventures, Aspen Ventures and Aretemis Ventures. For more information, call 650-934-8300 or visit www.viewcentral.com.
About Frost & Sullivan
Founded in 1961, Frost & Sullivan is recognized as a global leader in growth consulting. Frost & Sullivan awards are presented to companies that demonstrate excellence in their industry through diligence, commitment, and innovative business strategies required to advance in the global marketplace. Frost & Sullivan rigorously analyzes specific criteria to determine award recipients in a vast variety of market industries and landscapes. For further information, visit www.frost.com.
Contacts
Frost & Sullivan, San Antonio
Jamie Frizzell, 210-247-2496
jfrizzell@frost.com
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