RingCentral, a cloud computing based business phone system provider that specializes in the delivery of new fax technologies, announced its selection as a 2010 Technology Pioneer by the World Economic Forum. This prestigious award is given to companies that are involved in the development of a life-changing technology innovation that has the potential for long-term impact on business and society.
Candidates for this award are nominated by the world’s leading technology experts and are then judged by a distinguished panel appointed by the World Economic Forum. Founder and CEO, Vlad Shmunis, has been invited to receive the award at the upcoming World Economic Forum Annual Meeting in January 2010 in Davos, Switzerland.
“It is an incredible honor to be named a Technology Pioneer by the World Economic Forum,” Shmunis said in a statement. “Receiving this recognition is a true testament to our capabilities and underscores the importance of our work in delivering innovative cloud based business phone systems to businesses.
Mobile phones have had a dramatic impact on the global economy and RingCentral (News - Alert) is delivering world-class solutions that can be instantly deployed on a global basis for the mobile business world. With this tremendous recognition, we continue to build strong momentum heading into 2010.”
Aside from the innovation and impact a nominee must make in the development of technology innovation, the company must also be able to demonstrate visionary leadership and show all the signs of a long-standing and sustainable market leader. In other words, the company’s technology must be proven.
For the 2010 award, 26 companies were selected from a pool of 300 prospects. Each of the finalists had accomplished specific milestones and were considered to be innovative startups that would make a critical impact on the future of business and society. Previous Technology Pioneers include Previous Technology Pioneers include, ClearWire, Google (News - Alert), LoudCloud, Mint.com, Monster.com, Sycamore Networks, TellMe Networks, and UTStarcom (News - Alert).
The traditional office continues to transform into a mobile and distributed work environment. As a result, business communication solutions need to evolve. Staff members work from various remote locations and many businesses are unable to integrate distributed and mobile employees into a single business phone system that allows them to use voice, fax and other capabilities.
More and more companies are moving away from legacy on-premise business phone systems because they are expensive and were not designed to support the new trends in communication. With the era of the Internet, mobile phones and digital fax, it no longer makes sense to remain tied down to a legacy system.
RingCentral delivers cloud based business phone systems that are designed for the modern mobile and distributed business world, at a fraction of the cost of traditional phone systems. With this latest award announcement, the company should be able to drive additional demand for its products and services, enjoying a stronger presence in the market.
In addition to this recognition by esteemed colleagues, RingCentral has also been making a measurable difference for its customers. The company recently demonstrated the value that its fax service and cloud-based phone system could deliver for a small limousine company. What was once a local operation has gone national and the owner attributes this growth to RingCentral.
A recent survey by RingCentral showed that as more and more businesses support a mobile way of life, employees are continuing to shift from working in traditional on site offices to virtual distributed office models. Such a shift demonstrates the growing need for innovative solutions like those offered by RingCentral as they can completely revolutionize communications in this new era.
Susan J. Campbell is a contributing editor for TMCnet and has also written for eastbiz.com. To read more of Susan’s articles, please visit her columnist page.
Edited by Amy Tierney