LifeSize Communications, the global leader in high definition video communications, announced record revenue for 2007. Revenue growth accelerated throughout the year and annual sales revenue nearly tripled year-over-year
“2007 was a great year for LifeSize and we are looking forward to a great 2008,” said Craig Malloy, CEO and founder, LifeSize Communications. “We are pleased with our industry-leading growth and proud that our world-class products are making telepresence accessible to everyone.”
LifeSize experienced strong growth across all geographies and market segments. Larger companies are leveraging LifeSize price/performance advantages to upgrade their video networks to HD, expand deployment throughout their organization, and deliver within tight IT budgets. The company also enjoyed strong growth in the global small and medium business segment, where LifeSize Express is breaking down traditional barriers to video communication.
“We are only at the beginning of a revolution in the way we live and work,” said Malloy. “LifeSize is committed to enabling everyone to be a part of this revolution.”“We bring doctors and caregivers together to develop treatment plans. Actors audition for parts in New York without leaving Los Angeles. Scientists collaborate across continents. Seeing our products improve people’s lives just motivates us to keep delivering greater value to our customers.”
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