ClearOne Receives Market Leadership Award
Nov 2, 2004 1:46 PM
ClearOne Communications Inc. (www.clearone.com), a developer, manufacturer and provider of conferencing products, has received the 2004 Market Leadership Award from independent growth consulting firm Frost & Sullivan.
The award recognizes ClearOne's leadership in the installed sector of the audio conferencing systems industry, as well as its ability to identify and develop strategies to address the market's various challenges, drivers and restraints.
To select the award recipient, Frost & Sullivan analysts tracked market share within the industry for calendar year 2003 through interviews with all market participants, and conducted extensive secondary research of proprietary data sources. They then compared competitors for relative position to determine the company with the highest industry rank.
According to Frost analyst Jim Regan, ClearOne continued to lead the industry with almost 50 percent market share, which is up nearly four percent from the prior year. "This improvement truly shows their success and leadership within this industry," he said. "They have maintained their leadership through innovation and development of products that meet the needs of the market."
"We are pleased to be recognized by Frost & Sullivan for our efforts in the audio conferencing systems market," said Zee Hakimoglu, president and chief executive officer of ClearOne. "Our focus in this market is to continue to develop the very best audio conferencing products, and to provide our dealers and integrators with the training and support necessary to ensure complete customer satisfaction."
ClearOne is a communications solutions company that develops and sells products for audio, video and webconferencing. The reliability, flexibility and performance of ClearOne's comprehensive solutions create a natural communications environment, which saves organizations time and money by enabling more effective and efficient communication. On the Web: www.clearone.com.
About Frost & Sullivan
Frost & Sullivan, an international market consulting and training firm, presents Market Engineering Awards to companies that demonstrate the diligence, perseverance and dedication required to develop a successful business plan and excel in the increasingly competitive global marketplace. Founded in 1961, Frost & Sullivan is recognized as a global marketing research and solution leader, with offices located worldwide: Silicon Valley, New York, San Antonio, London, Paris, Frankfurt, Beijing, Tokyo, Singapore, Mumbai. For additional information, please visit the Frost & Sullivan website at www.frost.com.