SALT LAKE CITY Feb. 1, 2011 www.clearone.com $43.3 million $73.5 million
ClearOne has maintained its market leadership by focusing on its core competency: offering high-quality audio products to the marketplace. The company monitors the market closely and integrates trends into its business planning and strategy. Anticipating strong growth in the market in 2010 to 2012, ClearOne has positioned itself to meet technology trends through the acquisition of NetStreams. The late 2009 acquisition enables ClearOne to provide products for distributing audio-only as well as audio and video over IP networks to its customers. Additionally, the company continues to educate the market on the value of using installed audio conferencing endpoints versus standard speakerphone solutions in the group conference room.
In the last two years, the installed audio conferencing endpoints market has been challenged by available web conferencing and unified communication tools. Technology changes and adoptions have altered what companies use for audio conferencing and how they deploy these solutions. Recognizing the competitive challenges of the marketplace, ClearOne recently expanded its product portfolio to provide the INTERACT® PRO suite of products.
The INTERACT PRO product family provides a complete audio system with stereo AEC and application flexibility. The products connect enterprise telephones and PC and HD video conferencing systems with emerging unified communication devices. As a result of including ClearOne’s HDConference® technology within the product, customers are able to experience state-of-the-art audio quality and intelligibility. Additionally, the products have a USB port to connect to a PC for Skype, WebEx and other A/V conferencing applications and rich media systems.
As a technology leader within the installed audio conferencing endpoints market, ClearOne offers new solutions to leverage its market leadership. ClearOne has successfully used its technology leadership to meet the evolving needs of its customers, to drive adoption within corporations, and to capture new markets.
Overall, ClearOne continually integrates new technology into its portfolio and maintains market-leading pricing; as such, the company is the well-deserving recipient of the 2010 Frost & Sullivan Global Market Share Leadership of the Year Award.
Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in capturing the highest market share within its industry. The award recognizes the company’s leadership position within the industry in terms of revenues or units, as specified.
Frost & Sullivan’s Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
About ClearOne Communications, Inc.
About Frost & Sullivan