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Avistar Holds Momentum in Second Quarter of Current Fiscal Year

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Avistar Holds Momentum in Second Quarter of Current Fiscal Year


August 22, 2012

By Madhubanti Rudra, TMCnet Contributor

Renowned visual communications solution provider Avistar (News - Alert) Communications, reported strong growth for the first two quarters of 2012.

In a recent statement, the company said that in Q2, 2012, its revenue grew by 80 percent over the same period in 2011, as a product of key product initiatives and an expansion in the its partner and channel networks.

Avistar achieved an important delivery milestone in the Citrix software integration project, which enabled Citrix Systems to deliver Citrix HDX Real-Time with Optimization Pack for Microsoft Lync 1.0, which integrates and leverages the Avistar C3 (News - Alert) Integrator solution.

Other achievements include support for extended multiparty videoconferencing capabilities for Microsoft Lync 2010 within the Avistar C3 Conference solution.

The company received recognition from major industry analysts in reports from IDC, Forrester (News - Alert) and Frost & Sullivan for its technological innovation.

Avistar received the Frost & Sullivan Award for New Product Innovation in Desktop Videoconferencing, validating the company’s virtualized visual communications solutions as well as its commitment to innovation and partnership with Citrix.

 “It makes an important statement that Citrix – the leader in desktop virtualization – has partnered with Avistar to offer the industry’s first virtual desktop infrastructure (VDI) platform to support unified communications,” said Bob Kirk, CEO at Avistar. “The Company’s actions in 2012 speak to our intention of leveraging the millions of man hours we have invested in the Avistar C3 platform to better enable video collaboration within strategic OEM partners and their new and existing solutions.”

“In addition to this,” added Kirk, “our new financial freedom allows Avistar the flexibility to take on strategic investors and partners which allows us to rapidly invest in our platform, while making new innovations available to our OEM partners, new partners and clients, and the industry as a whole.”

Avistar continues to successfully deploy its solutions within Fortune 500 accounts and across industries including 3M within manufacturing, BHP Billiton within resource and mining, Deutsche Bank within financial services, and US Federal agencies within the government sector.

Avistar recently opted to file a Form 15 with the Securities and Exchange Commission (SEC (News - Alert)). Upon filing, the company's obligation to disclose certain reports to the SEC, including annual, quarterly and current reports on Forms 10-K, 10-Q and Form 8-K, will be immediately suspended.

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Edited by Braden Becker

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