Vidyo Updates Video Platform for Easier, More Secure Enterprise Use
The company's enhancements to its VidyoWorks platform reduces how much IT infrastructure is needed to run the Vidyo technology.Vidyo officials are unveiling enhancements to the company's software-based video conferencing platform that they say will make it easier and less expensive for enterprises to address such growing issues as an increasingly mobile workforce, around-the-clock customer demands and the need for greater security. The company on Feb. 10 announced upgrades to its VidyoWorks platform that improve the software performance, reduce the amount of IT infrastructure needed for the Vidyo technology, increase security and offer greater flexibility. "From the rise of remote workers, to heightened security demands to tightening of budgets, IT organizations are looking for technology that will not only meet their immediate needs but prove to be a valuable long-term investment," Eran Westman, Vidyo president and CEO, said in a post on the company blog. "Not only do these innovations provide improved manageability, interoperability and security, these innovations make the software-based VidyoWorks platform an even higher performance platform, enabling IT organizations to extend the value of their investment." The company, which was founded in 2005, is one of a growing number of vendors that are driving software- and cloud-based solutions into the rapidly changing video conferencing market. Businesses are looking to expand their visual collaboration environments in ways that address the increasingly decentralized workforces, the bring-your-own-device (BYOD) trend and the skyrocketing numbers of mobile devices being used in business. Established vendors like Cisco Systems, Microsoft and Polycom are growing their software- and cloud-based offerings, while other players, including Blue Jeans Network, Zoom and Fuze, are looking to make inroads through software- and cloud-only products.
Analysts with IHS Infonetics in December noted the shift in the market away from expensive on-premises infrastructures and to a cloud delivery model, saying they expected revenue for cloud video conferencing in 2015 to grow to $281 million, a 25 percent increase over the previous year.