Teleconferencing Continues to Pick Up Speed…
Large networking companies like Cisco Systems (CSCO) and Polycom, Inc. (PLCM) are beginning to make sizable investments in the teleconferencing segment. In addition to Cisco’s acquisition of Tandberg and Logitech’s purchase of LifeSize Communications, Polycom and the BT Group have collaborated to create unified conferencing solutions as well.
The fact that Cisco has raised its bid to $3.4 billion underscores the importance of teleconferencing to the communications and networking sectors. Increasingly, companies are beginning to see the financial, practical and environmental benefits of web conferencing versus business travel and traditional voice-only conferencing.
Companies like CoroWare, Inc. (COWI) are introducing solutions aimed at bridging video and analog voice through phone systems to facilitate teleconferencing through its CoroCall solution. Meanwhile, the system also includes cutting-edge features like high-definition video and a system that adjusts to each person’s available bandwidth without interfering with the call.
Here’s a video outlining the technology: http://www.youtube.com/watch?v=ZSAk-iiucvM
In the end, large investments by networking companies like Cisco Systems and Logitech validate the importance of teleconferencing within the industry. And given Cisco’s raised bid and the rising number of deals, it is likely that the industry will continue to see great interest. As a result, investors may want to keep an eye on smaller companies in the sector like CoroWare, Inc. and others.
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