Altia Systems®, creators of the award-winning PanaCast® solution for video and web collaboration, announced that the PanaCast 2, the world’s first Panoramic-4K real-time video camera, has received the 2016 New Product Innovation Award for Video Conferencing Cameras by industry research firm Frost & Sullivan.
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Frost & Sullivan based its nomination on a variety of factors, including the PanaCast 2’s ability to address customer requirements and unique, unmet market needs, innovative design, exceptional value for the price and delivering performance that builds customer loyalty.
“We’re honored to be recognized by Frost & Sullivan for our PanaCast 2 camera,” said Aurangzeb Khan, President & CEO of Altia Systems. “More than 250 companies in 27 countries are now using PanaCast 2 with their favorite collaboration software to improve business productivity every day.”
According to Frost & Sullivan, the global market for business web and video collaboration generated revenues of $5.8 billion in 2015 and is forecasted to grow to $9.5 billion by 2020. It is experiencing high growth with accelerated demand driven by a focus on simplification, lower-prices, greater reliability and quality, and an infusion of cloud services.
Frost & Sullivan notes, “At a list price of $995, PanaCast 2 is a tremendous value compared to alternative HD cameras on the market.” It goes on to say, “compared to competing contemporary USB, Cat5 (Ethernet) or HDMI connected cameras designed for business-grade video conferencing, PanaCast 2’s features easily outclass less expensive models and is as much as half the cost of cameras with competitive components and functionality support. Clearly Altia Systems recognizes that customers should not need to compromise functionality or quality for a fair price.”
The 2016 North America Frost & Sullivan Award for Product Innovation research is available to read here:http://getpanacast.com/fs-product-innovation-report.
About Altia Systems®, Inc.
Altia Systems (altiasystems.com) is a venture-backed company based in Cupertino, California and creator of PanaCast 2 – the world’s first Panoramic-4K Plug-and-Play USB video camera – and PanaCast Experience service. The award-winning PanaCast solution is the first and only video and desktop collaboration system that enables anyone with a desktop or mobile device to communicate interactively, in real-time, through a panoramic field-of-view video which replicates the natural human visual perspective. The PanaCast 2 camera works with popular web collaboration services such as Microsoft® Skype for Business®, Skype®, Cisco WebEx™, Google Hangouts®, Citrix® GoToMeeting®, Vidyo™, Zoom®, without requiring any driver or software installs. The PanaCast Experience is integrated with collaboration platforms like Microsoft® Skype for Business® and Intel® Unite™.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. Its Growth Partnership Service supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure. For more than 50 years, the company has been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.
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PanaCast® and Altia Systems® are trademarks of Altia Systems®, Inc.
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