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ClearOne Finalizes Spontania Acquisition to Offer a Full Range of Video Collaboration Solutions

ClearOne now offers the industry’s most complete video collaboration portfolio

 

SALT LAKE CITY, UTAH — April 1, 2014

 
ClearOne (NASDAQ: CLRO) announced today that the company has finalized the acquisition of Spontania cloud-based technology from Spain-based Dialcom Networks, S.L. The addition of this technology completes the company’s strategy to build an all-inclusive video collaboration portfolio.
 
Spontania complements ClearOne’s existing premise-based, enterprise video collaboration portfolio and makes ClearOne the only company offering an entirely software-based video conferencing product line from the personal client to the conference room, with a complete set of virtualized infrastructure. The complete ClearOne video portfolio now can serve a full range of video collaboration needs for Enterprise, SMB, Healthcare, Education, and other customers, whether they are seeking those solutions deployed in their private data centers or in the ClearOne Spontania cloud.
 
“We are now positioned to execute on our strategy by offering a complete and competitive suite of video collaboration products that appeals to varied customer needs and uniquely leads the way for our partners to take advantage of cloud offerings and capture down-stream revenue opportunities,” said Zee Hakimoglu, Chairman and CEO of ClearOne. “With the acquisition of Spontania, ClearOne now offer its partners and end users a clear choice between public cloud, private cloud, and on-premise solutions, replacing the need for expensive infrastructure. Combined with our industry-leading voice solutions, the ClearOne video collaboration portfolio leads the market in scalability, return on investment, functionality and quality.”
 
ClearOne’s Spontania total video collaboration portfolio empowers customers to deploy video collaboration without the heavy burden of expensive infrastructure. It also allows service providers and partners to expand their offerings by deploying the technology within their own networks, building on ClearOne technology to further their current solutions and offerings.
The solution is available through ClearOne authorized partners as either as a Platform as a Service (PaaS) or as a cloud-based Software as a Service (SaaS). The company complements this infrastructure offering with a host of software-based endpoints that spans mobile devices to laptops to telepresence group systems. ClearOne will bring the entire line of solutions to market exclusively through an authorized partner program, which offers partners an attractive, next-generation model to capitalize on business migration to software- and cloud-based solutions.
 

About ClearOne

 
ClearOne is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for voice and visual communications. The performance and simplicity of its advanced comprehensive solutions offer unprecedented levels of functionality, reliability and scalability. More information about the company can be found at www.clearone.com.
 
This release contains “forward-looking” statements that are based on present circumstances and on ClearOne’s predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements, including acquisitions or investments the company may make to fuel growth, the purchase of common stock under the company’s stock repurchase program and any statements of the plans and objectives of management for future operations, are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements. Such forward-looking statements are made only as of the date of this release and ClearOne assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements.
 

# # #

 
Please find the printable release in our Investor Relations area at http://investors.clearone.com.
 

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Beamforming Mic Array adopted by the SETI Institute, setting new standard of microphone pick-up range

The world’s first professional Beamforming Microphone Array sets the standard in another world-first setting, continuing to turn the AV industry on its head with its unbelievable pick-up range. The SETI Institute has, in essence, created an “array of arrays” using ClearOne Beamforming Microphone Arrays in place of the more costly dishes used in previous applications. The powerful pickup with beamforming and adaptive steering technology allow SETI to use stationary beamforming mic arrays without the need to physically move large dishes to scan the universe.
 
http://www.clearone.com/products_beamforming_mic_array
 

 

Happy April First!

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It’s back…in black…and it’s now shipping


 
Now Shipping. 
 
The new, glossy-black finish Beamforming Microphone Array, and an extended warranty option. 
 
The world’s only professional beamforming microphone array is now available in both a glossy white and a new, glossy black finish. The ultra-sleek design fits room aesthetics as well as it solves difficult audio configurations.
 
Same unbelievable technology in a new black finish for more applications, with mounting hardware for both finishes.
 


Download free whitepaper: Advanced Beamforming Microphone Array Technology for Corporate Conferencing Systems
 
Download datasheet
 
Please contact sales@clearone.com with any questions..
 

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ClearOne Announces New Video Collaboration Solutions for Small-to-Mid-Sized Businesses (SMBs) at Enterprise Connect 2014

ClearOne, Booth #942, to display new on-premise, single-server video infrastructure solution, specifically focused on the needs of SMBs for affordability, ease-of-use, and rich functionality

 

SALT LAKE CITY, UTAH — March 13, 2014

 
ClearOne (NASDAQ: CLRO) will showcase its new line of video collaboration solutions in Booth #942, aimed at helping SMBs to adopt video collaboration for the first time. The solutions are part of a complete portfolio of products that extend from the mobile device or desktop to the conference room.
 
“The ability for a customer to deploy a fully functional video collaboration network has always been hindered by the expensive and complex network and infrastructure needed,” said David Moss, ClearOne’s Vice President of Video Collaboration Products and Services. “ClearOne is delivering on our customers’ needs with solutions that are easy to acquire, use and maintain.”
 
The new portfolio provides features not found in competing solutions. Spanning the full range of SMB needs, from mobile to desktop and infrastructure, a standards-based approach provides total compatibility with existing equipment, and the ability to scale a solution with a business.
 
As a highlight to the new portfolio, ClearOne is introducing COLLABORATE® Control. This single, 1U server unit solution provides the entire network infrastructure necessary to enable video conferencing within a company at an unbelievably low price. The functions include directory services, firewall traversal, 24 port MCU, H.323 gatekeeper, SIP registrar, interworking between H.323 and SIP, call control, licensing management, and a full management system. General release of COLLABORATE Control is slated for May 1st, 2014. Prices start at $9,999.00 for 200 registered users and 25 concurrent users, and can extend up to thousands of participants.
 
ClearOne is committed to closing the gap, allowing video collaboration to become ubiquitous without extensive costs or complexity. The company’s standards-based video collaboration portfolio furthers ClearOne’s movement towards a convergence of audio and visual communications– with video collaboration, streaming and digital signage endpoints functioning to serve all communications needs whether on public or private cloud-based servers.
 

About ClearOne

ClearOne is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for voice and visual communications. The performance and simplicity of its advanced comprehensive solutions offer unprecedented levels of functionality, reliability and scalability. More information about the company can be found at www.clearone.com.
 
© Copyright 2013, ClearOne, Inc. All rights reserved. ClearOne ®, the ClearOne logo, and the names and marks associated with ClearOne’s products are trademarks and/or service marks of ClearOne, Inc. and are registered and/or common-law marks in the United States and various other countries. All other trademarks are property of their respective owners.
 
Please find the printable release in our Investor Relations area at http://investors.clearone.com.
 
 

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CLEARONE SHOWS THE RESULT OF ITS VIDEO COLLABORATION ACQUISITIONS BY LAUNCHING INDUSTRY-LEADING PORTFOLIO OF ON-PREMISE AND CLOUD-BASED SOLUTIONS AT ENTERPRISE CONNECT 2014

New breed of on-premise and cloud-based video collaboration solutions combine rich functionality with affordability and flexible deployment options.

 

SALT LAKE CITY, UTAH — March 13, 2014

 
Visitors to Enterprise Connect 2014 Booth #942 will experience the future of video collaboration from ClearOne (NASDAQ: CLRO), a portfolio of solutions that extend from the mobile device or desktop to the conference room. This suite of new products will expand the video collaboration market affordably for small-to mid-sized businesses (SMBs) with self-contained network or cloud solutions. Flexible deployment options allow the solutions to be hosted with ClearOne on-premise infrastructure or to be fully functional without infrastructure, utilizing the ClearOne Spontania cloud.
 
“ClearOne has a balanced approach to the future of video collaboration and the AV industry as a whole,” said David Moss, ClearOne’s Vice President of Video Collaboration Products and Services. “Our complete line of video collaboration solutions spans mobile, desktop, group, and infrastructure; allowing customers to deploy locally or within the cloud. With these flexible options and a feature set far beyond competing solutions, every customer whether a small business or a large enterprise can easily— and more importantly afford to— deploy and scale video collaboration.”
 

Video as a Service (VaaS)

Video as a Service (VaaS)– ClearOne’s Spontania cloud service empowers customers to deploy video collaboration without the heavy burden of expensive infrastructure. It also allows service providers and partners to expand their offerings by deploying the technology within their own networks, building on ClearOne technology to further their current solutions and offerings as either a SaaS or PaaS model.
 

Infrastructure

For customers who desire an on-premise infrastructure solution, ClearOne now provides COLLABORATE® Control, a single-unit infrastructure server that will serve the needs of both SMBs and enterprise customers hoping to expand locations. The heavy burden of adding video collaboration pervasively has always been the cost of expensive infrastructure solutions. COLLABORATE Control provides the infrastructure component at an unbelievably low price, including directory services, firewall traversal, 24 port MCU, H.323 gatekeeper, SIP registrar, license server, call control, and a full management system.
 

Desktop and Mobile

ClearOne now offers a host of desktop and mobile solutions that provide an easy-to-use and scalable multimedia collaboration experience on virtually any device, including Windows®, iOS, and AndroidTM applications. Our solutions allow for high-definition video conferencing, web collaboration, streaming, and recording.
 

Group Room Solutions

ClearOne is introducing a new generation of room-based endpoints that leverage our VaaS offerings and our scalable infrastructure solutions, and can be used behind any industry standard H.323 or SIP-based network. The COLLABORATE Room Pro provides a superior video experience at up to 1080p60 with a host of features not available on competing products, including: built-in streaming and recording, dual camera support, connecting nine locations in a single conference, and more. One of the most exciting functions of COLLABORATE Room Pro is the direct integration with ClearOne’s Beamforming Microphone Array, providing professional conferencing audio without the need for external processing.
 

About ClearOne

ClearOne is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for voice and visual communications. The performance and simplicity of its advanced comprehensive solutions offer unprecedented levels of functionality, reliability and scalability. More information about the company can be found at www.clearone.com.
 
© Copyright 2013, ClearOne, Inc. All rights reserved. ClearOne ®, the ClearOne logo, and the names and marks associated with ClearOne’s products are trademarks and/or service marks of ClearOne, Inc. and are registered and/or common-law marks in the United States and various other countries. All other trademarks are property of their respective owners.
 
Please find the printable release in our Investor Relations area at http://investors.clearone.com.
 
 

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ClearOne Launches the First In an Industry-Leading Portfolio of Group Conferencing Solutions with Advanced Beamforming and Cloud Service

New breed of group video communications solution endpoints sport advanced features and functions unique to the videoconferencing industry.

 

SALT LAKE CITY, UTAH — March 13, 2014

 
Visitors to Enterprise Connect 2014 Booth #942 will experience the first of a new line of video collaboration products from ClearOne (NASDAQ: CLRO). The new COLLABORATE® Room Pro group video conferencing system combines high-definition 1080p60 video with ClearOne’s revolutionary Beamforming Microphone Array for the best audio available on any self-contained video solution. This new, ground-breaking system has the ability to conference nine locations in a single call, stream the video meeting to a larger audience, and even record it for future reference.
 
“ClearOne is demonstrating a unique ability to understand the customer’s needs and provide features and functions for which the market is asking,” said David Moss, ClearOne’s Vice President of Video Collaboration Products and Services. “The new COLLABORATE Room Pro is the first in a series of new, fresh, and exciting products that will offer high-definition video and integrate the best of ClearOne’s audio capabilities. Additionally with the introduction of our Spontania cloud service, we will fully integrate the endpoint directly into the cloud, allowing our customers to scale video easily and affordably across their enterprise environments. This upgrade will be a no-charge update when ready.”
 
The COLLABORATE Room Pro is the first of many new systems that ClearOne will bring to the market this year. The products have features and functions not available on competing systems without heavy infrastructure or peripheral investments. These features include the industry’s best balanced audio, up to nine-way multipoint conferencing capability, recording, streaming, simultaneous two-camera operation in a single call, and soon, the full integration into the ClearOne Spontania cloud.
 

About ClearOne

ClearOne is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for voice and visual communications. The performance and simplicity of its advanced comprehensive solutions offer unprecedented levels of functionality, reliability and scalability. More information about the company can be found at www.clearone.com.
 
© Copyright 2013, ClearOne, Inc. All rights reserved. ClearOne ®, the ClearOne logo, and the names and marks associated with ClearOne’s products are trademarks and/or service marks of ClearOne, Inc. and are registered and/or common-law marks in the United States and various other countries. All other trademarks are property of their respective owners.
 
Please find the printable release in our Investor Relations area at http://investors.clearone.com.
 
 

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A Sneak Peek into ClearOne’s booth at Enterprise Connect 2014

Visitors to Enterprise Connect 2014 Booth #942 will experience the future of video collaboration from ClearOne, a portfolio of solutions that extend from the mobile device or desktop to the conference room. This suite of new products will expand the video collaboration market affordably for small to mid-sized businesses with self-contained network or cloud solutions. As we count down the days to Enterprise Connect 2014, we wanted to give a sneak peek on some of what the attendees will be seeing in Florida.

Video as a Service (VaaS)– ClearOne’s Spontania cloud service empowers customers to deploy video collaboration without the heavy burden of expensive infrastructure. It also allows service providers and partners to expand their offerings by deploying the technology within their own networks, building on ClearOne technology to further their current solutions and offerings as either a SaaS or PaaS model.

ClearOne wants to see you at booth #942 at Enterprise Connect in Orlando, Florida and we are giving you a FREE expo pass or $500 off a conference pass! Register with discount code: XYECG036

Please contact us with any questions: sales@clearone.com

Watch the ClearOne blog all this week as we continue to give you the inside look, and we will see you in Orlando soon!

* $500 off discount applies to Entire Event and Tue–Thu Conference Passes only. Discount calculated based on the current price and not combinable with other offers. Offer good on new registrations only. Proof of IT industry involvement required.

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ClearOne Acquires Professional Wireless Microphone Solutions Supplier

 

Acquisition of Sabine, Inc. secures continued access to product central to ClearOne’s growth strategy

 

SALT LAKE CITY, UTAH — March 5, 2014

 
ClearOne (NASDAQ: CLRO) today announced the acquisition of Sabine, Inc., solidifying the company’s industry-leading portfolio of professional microphones. With the addition of Sabine, ClearOne will have reliable and exclusive access to the wireless microphones that are a critical component of ClearOne’s complete microphone portfolio. Under the terms of the transaction, ClearOne will pay approximately $7.5 million in cash and $1.5 million in ClearOne shares. In addition, ClearOne will assume and pay off Sabine debt of $1.25 million and make earn-out payments over the next three years, based on achievement of certain performance criteria.
 
Sabine has partnered successfully with ClearOne since late 2012, supplying the wireless microphone systems sold under the ClearOne brand. These microphones complement ClearOne’s CONVERGE® Pro and INTERACT® Pro products, driving sales of the company’s broader product line. The wireless microphone systems lead the industry in features, performance and pricing.
 
“The wireless microphone product has performed well and has driven sales across our Pro portfolio since its introduction more than a year ago,” said Zee Hakimoglu, Chairman and CEO of ClearOne. “This strategic acquisition is critical to solidifying our leadership position in this high-growth market and positions us for accelerated development of installed audio and visual collaboration solutions.”
 
“We look forward to combining resources with ClearOne to offer a complete portfolio of professional products to a global customer base,” said Doran Oster, founder and CEO of Sabine, Inc. “We are pleased to join a company with a track record that reflects our shared vision for product innovation and quality.”
 
ClearOne’s WS800 wireless microphone systems include four new models of wireless microphones/transmitters and a base-station receiver with either 4 or 8 channels, which connects to professional audio mixers. The wireless system combines ease-of-use with the most reliable security and power.
 
ClearOne expects to maintain Sabine operations at its current headquarters in Alachua, Florida.
 

About ClearOne

ClearOne is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for voice and visual communications. The performance and simplicity of its advanced comprehensive solutions offer unprecedented levels of functionality, reliability and scalability. More information about the company can be found at www.clearone.com.
 

About Sabine

Sabine, Inc. is located in Alachua, Florida, and manufactures, designs, and sells Sacom professional wireless microphone systems for live and installed audio. It also makes FBX Feedback Exterminator for reliable automatic feedback control. More information about the company can be found at www.sabine.com.
 
© Copyright 2013, ClearOne, Inc. All rights reserved. ClearOne ®, the ClearOne logo, and the names and marks associated with ClearOne’s products are trademarks and/or service marks of ClearOne, Inc. and are registered and/or common-law marks in the United States and various other countries. All other trademarks are property of their respective owners.
 
Please find the printable release in our Investor Relations area at http://investors.clearone.com.
 
 

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ClearOne Reports Record Fourth Quarter Revenue

ClearOne reports 9% fourth quarter year-over year growth

 

SALT LAKE CITY, UTAH — February 27, 2014

 

Fourth Quarter 2013 Highlights

 
• Record revenue of $14.2 million.
• Revenue increased by 9%.
• Non-GAAP net income increased by 49%.
 

Full Year 2013 Highlights

 
• Record revenue of $49.6 million.
• Revenue increased by 7%
• Non-GAAP net income increased by 44%.
 

Financial Summary

 

(Dollars in thousands, except per share values)

Fourth Quarter

Full Year

2013

2012

Change

2013

2012

Change

Revenue $

14,230

$

13,036

9%

$

49,592

$

46,417

7%

Gross Profit

8,549

7,411

15%

29,857

27,328

9%

Non-GAAP Operating Income

2,881

2,290

26%

8,404

6,792

24%

Non-GAAP Net Income

1,821

1,225

49%

5,710

3,977

44%

Non-GAAP Adjusted EBITDA

3,157

2,856

11%

9,331

8,011

16%

Non-GAAP Diluted EPS $

0.19

$

0.13

46%

$

0.60

$

0.43

40%

 
ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, today reported financial results for the fourth quarter and the year ended December 31, 2013. Results reflect continuing growth from a strategically-built portfolio of innovative and profitable products.
For the 2013 fourth quarter, revenue increased by 9% to $14.2 million, compared with $13.0 million for the fourth quarter of 2012. Gross profit for the quarter was $8.5 million, or 60% of revenue, compared with $7.4 million, or 57% of revenue, for the fourth quarter of 2012. Non-GAAP operating income increased by 26% to $2.9 million from $2.3 million for the 2012 fourth quarter. Non-GAAP net income increased 49% to $1.8 million, or $0.19 per diluted share, from $1.2 million, or $0.13 per diluted share, for the fourth quarter of 2012. Non-GAAP adjusted EBITDA for the 2013 fourth quarter increased 11% to $3.2 million, or $0.34 per diluted share, from $2.9 million, or $0.31 per diluted share, a year ago.
 
For the year ended December 31, 2013, revenue increased 7% to $49.6 million from $46.4 million for the year ended December 31, 2012. Gross profit was $29.9 million, or 60% of revenue, compared with $27.3 million, or 59% of revenue, for the year ended December 31, 2012. Non-GAAP operating income for the year ended December 31, 2013 increased by 24% to $8.4 million from $6.8 million for the year ended December 31, 2012. Non-GAAP net income for year ended December 31, 2013 increased 44% to $5.7 million, or $0.60 per diluted share, from $4.0 million, or $0.43 per diluted share, for the year ended December 31, 2012. Non-GAAP adjusted EBITDA increased 17% to $9.3 million, or $0.99 per diluted share, from $8.0 million, or $0.87 per diluted share, for the year ended December 31, 2012.
 
Cash, cash equivalents and investments totaled $42.7 million at December 31, 2013, down from $55.5 million on December 31, 2012. These balances include the final net amount retained from the December 2012, $45 million favorable settlement relating to auction-rate securities, after paying $13.8 million of associated income taxes and $6.75 million in attorneys’ fees. The cash balance also includes $364,000, net of legal expenses received during the fourth quarter of 2013 as final settlement from escrow monies earlier deposited on account of our dispute with a former officer of the company.
 
ClearOne continued its stock repurchase plan in the fourth quarter, bringing the total repurchase amount to approximately $2.8 million against an allocation of $10 million.
 
“We are pleased to report record revenue for the last quarter of 2013 and our fourth consecutive year of revenue growth, combined with high margins and consistent profitability,” said Zee Hakimoglu, President, Chief Executive Officer and Chairman of ClearOne. “Strong demand, generated by our large and well-developed partner ecosystem in North America and EMEA, drove our revenue growth.”
 
“The recently announced strategic acquisition of Spontania completes our exceptional portfolio of technologies needed for a strong video solutions model. As the market transitions to software and services, ClearOne is the only company to offer an entirely software-based and standards-based video conferencing product line that provides on-premise and cloud-based Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) solutions,” added Hakimoglu. “We look forward to gaining significant market share and establishing ClearOne as a recognized leader in on-premise and cloud-based visual communication solutions in the rapidly growing desktop and mobile visual communications markets.”
 

Non-GAAP Financial Measures

 
ClearOne provides non-GAAP financial information in the form of non-GAAP net income, Adjusted EBITDA and corresponding earnings per share to investors to supplement GAAP financial information. ClearOne believes that excluding certain items from GAAP results allows ClearOne’s management to better understand ClearOne’s consolidated financial performance from period to period as management does not believe that the excluded items are reflective of underlying operating performance. Non-GAAP net income, Adjusted EBITDA and corresponding earnings per share excludes certain costs and expenses, the details of which are provided in the tables below containing the reconciliation between GAAP and non-GAAP financial measures. The exclusion of these items in the non-GAAP presentation should not be interpreted as implying that these items are non-recurring, infrequent, or unusual. ClearOne believes non-GAAP financial measures will provide investors with useful information to help them evaluate ClearOne’s operating results and projections. This non-GAAP financial information is not meant to be considered in isolation or as a substitute for operating income, net income or other financial measures prepared in accordance with GAAP. There are limitations to the use of non-GAAP financial measures. Other companies, including companies in ClearOne’s industry, may calculate non-GAAP financial measures differently than ClearOne does, limiting the usefulness of those measures for comparative purposes. A detailed reconciliation of non-GAAP net income to GAAP net income is included with this news release.
 

Full financial statements can be viewed in the Investor Relations Area

.

About ClearOne

 
ClearOne is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for voice and visual communications. The performance and simplicity of its advanced comprehensive solutions offer unprecedented levels of functionality, reliability and scalability. More information about the company can be found at www.clearone.com.
 
This release contains “forward-looking” statements that are based on present circumstances and on ClearOne’s predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements, including acquisitions or investments the company may make to fuel growth, the purchase of common stock under the company’s stock repurchase program and any statements of the plans and objectives of management for future operations, are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements. Such forward-looking statements are made only as of the date of this release and ClearOne assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances.
 

Readers should not place undue reliance on these forward-looking statements.

 
 

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ClearOne receives top marks from Frost & Sullivan

Frost & Sullivan Recognizes ClearOne with the 2014 Global Installed Audio Conferencing Systems Market Leadership Award

 
Backed by a strong product line, ClearOne continues to lead the Installed Audio Conferencing Systems market.
 

SALT LAKE CITY, UTAH — February 18, 2014

 
ClearOne (NASDAQ: CLRO) has received top marks from Frost & Sullivan for its continued innovation and leadership in the installed audio conferencing market, as the recipient of the 2014 Frost & Sullivan Global Installed Audio Conferencing Systems Market Leadership Award.
 
The award is presented to the company that has demonstrated excellence in capturing the highest market share and leadership position within its industry. Installed Audio Conferencing Systems are defined as non-portable audio conferencing endpoints designed specifically for use in larger meeting environments, such as large conference rooms, boardrooms, training rooms, etc. These systems handle multiple audio inputs and outputs and perform various sophisticated audio processing functions, to deliver high-quality and immersive audio conferencing for meetings.
 
“ClearOne offers the most comprehensive, sophisticated, and feature-rich product lines on the market today,” said Ashwin Iyer, Research Director at Frost & Sullivan. “Frost & Sullivan firmly believes that ClearOne’s complete product line of audio conferencing systems, strategic focus on innovation, and product line expansion, as well as large channel partner network, will help the company maintain its leadership position in the installed audio conferencing market.”
 
Frost & Sullivan lists several key factors that have enabled ClearOne’s continued success and leadership in the Installed Audio Conferencing Systems market: a complete professional audio conferencing systems product portfolio, a long history of product innovation, a large and well-developed partner ecosystem, and expanded use cases that allow the company to develop and implement industry-specific solutions.
 
“ClearOne has a long history of innovation in the audio conferencing industry, and we remain focused on delivering superior value for our customers and partners worldwide,” said Zee Hakimoglu, Chairman and CEO of ClearOne. “We are honored to be selected by a prestigious global research organization such as Frost & Sullivan for this award. I thank them for this important market recognition on behalf of the entire ClearOne team.”
 
The award recognizes that in spite of the shift of industry focus from the high-end conference room to the desktop, tablets, and mobile use cases, ClearOne continues to innovate and maintain its leadership position in the installed audio conferencing market. At the same time, the company offers a complete product line of personal and group conferencing systems for all possible use cases. ClearOne’s products are also more competitively priced than other products available in the market, while delivering all of the rich product functionality, superior audio quality and performance, and flexibility to meet a wide variety of customer needs.
 
Overall, Frost & Sullivan concludes that ClearOne provides their customers with a comprehensive installed audio product line with unrivaled flexibility and customization options for different conference room environments.
 
Download the full ClearOne Frost & Sullivan Market Leadership Award report at http://www.clearone.com/fsaward
 
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About ClearOne

ClearOne is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio and visual communications. The performance and simplicity of its advanced comprehensive solutions offer unprecedented levels of functionality, reliability and scalability. More information about the company can be found at www.clearone.com
 

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company’s Growth Partnership Service provides the CEO and the CEO’s Growth Team™ with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com
 

http://investors.clearone.com

 
Please find the printable release with included financial tables in our Investor Relations area at the link shown above.
 
 

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