MOUNTAIN VIEW, Calif., Sept. 7, 2016 /PRNewswire/ -- Based on its recent analysis of the video conferencing market, Frost & Sullivan has recognized Pexip with the 2016 Global Frost & Sullivan Award for Technology Innovation. Pexip's solution is founded on an advanced, flexible, and differentiated video conferencing platform that helps organizations scale quickly and affordably, and efficiently connect people to create agile businesses. Pexip has become a successful disruptor and challenger to the collaboration incumbents.
"Acknowledging the rapid growth of the mobile workforce, the Pexip team is constantly looking to develop technologies that can scale efficiently and cost-effectively," said Frost & Sullivan Industry Director of Conferencing and Collaboration Roopam Jain. "The result of these efforts is Pexip Infinity, the company's software-based virtual meeting and interoperability platform. It allows people to connect to virtual meetings using the communication tools of their choice, including Microsoft Skype for Business, traditional video conferencing, or WebRTC from any device without cumbersome user interaction."
As a testament to the success of its technology, Pexip has won thousands of customers through a combination of its enterprise reseller channel and partnerships with more than 30 communication service providers (CSPs). In 2015 alone, it more than doubled its accrued business selling annual subscriptions to its platform. Usage statistics are even more impressive. At the end of 2015, Pexip customers used the Infinity platform at a rate of more than 100 million annual minutes, double the usage rate from a year prior.
In an era when most unified communications (UC) vendors and service providers tend to focus on their own solutions rather than on integration with others, Pexip has truly extended the value of its customers' investments. "In 2015, Pexip announced Fusion, a technology that enhances user experience when Microsoft Skype for Business or Lync users meet with standards-based videoconferencing users," noted Jain. "Pexip Fusion ensures that every individual participant benefits from the native client experience, irrespective of their platform of choice. For enterprises that have invested in both legacy video conferencing and Skype for Business or Lync, Pexip Fusion means better adoption rates, return on investment, and intuitive usage."
Each year, Frost & Sullivan presents this award to the company that has demonstrated uniqueness in developing and leveraging new technologies that significantly impact both the functionality and the customer value of the new products and applications. The award lauds the high R&D spend towards innovation, its relevance to the industry, and the positive impact on brand perception.
Frost & Sullivan's Best Practices Awards recognize companies in a variety of regional and global markets for outstanding achievement in areas such as leadership, technological innovation, customer service, and product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research.
Founded in 2012, Pexip enables enterprises and organizations in providing video-based communications and collaboration tools to all employees.
The company's meeting platform enables seamless collaboration across incompatible video and audio technologies such as traditional videoconferencing, Microsoft® Skype® for Business and WebRTC. The unique software provides unmatched capacity and interoperability, and can be deployed in an organization's data center, or in a private or public cloud such as Microsoft Azure or Amazon Web Services, as well as in any hybrid combination.
Pexip Infinity is used by numerous Fortune 500 companies in a variety of industries. The technology also powers a large number of the world's Videoconferencing as a Service (VCaaS) providers.
Pexip is represented on all five continents, and has offices in Oslo, London, Sydney, and New York.
Learn more at www.pexip.com
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SOURCE Frost & Sullivan