Claiming that its virtualized unified visual communications product strategy has resulted in considerable gains, Avistar (News - Alert) has announced its financial results for the three and twelve months ended December 31, 2011.
Compared to $19.7 million for the year ended December 31, 2010, total revenue was $7.9 million for the year ended December 31, 2011. The difference primarily reflects the recognition of the license and sale of patents for $14.0 million in 2010. Compared favorably to product division revenues of $4.5 million for the year ended December 31, 2010, product division (product and services, maintenance and support) revenues were $6.8 million for the year ended December 31, 2011.
Bob Kirk, CEO of Avistar, said, “In 2011, based on our virtualized and unified visual communications strategy, we set out to develop strategic relationships with top technology partners while driving adoption of our solutions within new and loyal enterprise clients. The Avistar team executed this strategy with great precision and not only closed one of our largest OEM agreements to date, but also started the deployment of one of the industry's largest roll-out of virtualized visual communications in a unified communications environment.”
As compared to $13.5 million for the year ended December 31, 2010, operating expense (research and development, sales and marketing, and general and administrative) for the year ended December 31, 2011 was $12.6 million. For both the fourth quarter of 2011 and the fourth quarter of 2010, operating expense was $3.1 million, the company stated in a press release.
Recently, the company announced that it is demonstrating a fully comprehensive virtual desktop videoconferencing experience designed for IBM (News - Alert) Sametime at Lotusphere. The ubiquitous nature of unified communications or UC solutions and the fast adoption of virtual desktop infrastructures by businesses has made it imperative for the implementation of a UC solution within a VDI environment, said officials. In this context Avistar has delivered the Avistar C3 (News - Alert) Unified and Avistar C3 Integrator solutions.
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Raju Shanbhag is a contributing editor for TMCnet. To read more of Raju’s articles, please visit his columnist page.
Edited by Jennifer Russell