Polycom partners with Redington to distribute RealPresence™ Video Collaboration Solutions to Sri Lanka
May 30, 2012 11:58 am
Sri Lanka, May 2012: Polycom, Inc. (Nasdaq: PLCM), the global leader in open standards-based unified communications, today announced its partnership with Redington (India) Ltd, a leading integrated supply chain solution provider,to deliver Polycom’s leading unified communications and video collaboration solutions to the Sri Lankan market.
Under this partnership, Redington will act as a distributor for Polycom’s RealPresence™video collaboration solutions in Sri Lanka, extending Polycom’s reach and delivering on its strategy to offer a comprehensive suite of business solutions across a number of sectors from enterprise to healthcare, education, government and manufacturing. Redington also acts a distributor for Polycom in India.
According to estimates by industry analyst firm Frost & Sullivan, the Sri Lankan video conferencing market is currently witnessing a growth of 25.5 percent Compound Annual Growth Rate (CAGR), and is expected to reach $4.5 million by 2017 .
This initiative is in line with Polycom’s vision of making video collaboration ubiquitous. Polycom will delivercutting-edge technology that makes video and voice collaboration simple to use and available to everyone. Based on open, standards-based software —delivered on-premises or from the cloud, Polycom solutions connect people securely across any network, protocol, application or device they want to use.
“Sri Lankan businesses are looking for ways to enhance their competiveness and accelerate productivity locally and globally. Our expertise in delivering high-quality vertical solutions will help enable Sri Lankan businesses to use video collaboration for mission critical business needs and as their preferred way to collaborate— easily reliably, securely, anywhere and anytime,” said Mr. Neeraj Gill, Managing Director, India & SAARC, Polycom.
“We are pleased to be partnering with Redington to deliver Polycom’s productivity-enhancing video collaboration solutions to the Sri Lankan market,”added Gill.
Polycom is driving the ubiquity of video collaboration through multiple routes to new and expanding markets, and through its RealPresence™ Platform, which integrates with hundreds of business, UC and social networking applications, as well as core networking and security infrastructure. The RealPresence Platform transforms islands of employees and fragmented communications systems into a seamless video enterprise, which makes enterprise-grade video easily and securely accessible to all authorised personnel whether they’re mobile, remote, or on-site.
“Polycom’s solutions are best-in-class. In partnering with Polycom, we plan to leverage our widespread network and go-to-market strategy, together with Polycom’s industry-leading RealPresence video solutions to expand its presence in the Sri Lanka market in response to the growing demand by Sri Lankan businesses for smarter and innovative collaboration solutions that enable face to face visual communications,” said Anand Chakravarthy, Head Strategic Business, Redington.
About Redington: Redington, along with its subsidiaries, is in the business of end-to-end supply chain management of IT and non-IT products in various potential geographies of South Asia, Middle East and Africa. With a large distribution network and a market penetration of more than 18 countries, Redington is amongst the largest, supply chain solution providers to over 75 leading manufacturers of Information Technology, Telecom, Lifestyle and Consumer Electronics Products, worldwide.
About Polycom: Polycom is the global leader in open standards-based unified communications (UC) solutions for telepresence, video, and voice, powered by the Polycom RealPresence platform. The RealPresence platform interoperates with the broadest range of business, mobile and social applications and devices. More than 400,000 organisations trust Polycom solutions to collaborate and meet face to face from any location for more productive and effective engagement with colleagues, partners, customers and prospects. Polycom, together with its broad partner ecosystem, provides customers with the best TCO, scalability, and security – on-premises, hosted or cloud delivered. Visit http://www.polycom.co.inor connect with Polycom on Twitter, Facebook, and LinkedIn.
This release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 regarding future events and future demand for our products, including statements regarding the future growth of the UC market in Sri Lanka. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the impact of competition on our product sales and for our customers and partners, the impact of increased competition due to consolidation in our industry or competition from companies that are larger or that have greater resources than we do, potential fluctuations in results and future growth rates, risks associated with general economic conditions and external market factors, the market acceptance of Polycom’s products and changing market demands, including demands for differing technologies or product and services offerings, and possible delays in the development, availability and shipment of this new joint solution. Many of these risks and uncertainties are discussed in the Company’s Annual Report on Form 10-K for the year ended Dec. 31, 2011, and in other reports filed by Polycom with the SEC. Polycom disclaims any intent or obligations to update these forward-looking statements.