PGi (NYSE: PGI), a global leader in virtual meetings for 20 years, received Frost & Sullivan´s 2011 Product Line Strategy Award in CSP (Conferencing Service Provider) Videoconferencing Services. This prestigious award recognizes PGi´s accomplishments in delivering industry-leading products and solutions that advance videoconferencing software as a service. Frost & Sullivan selected PGi as a leader in the video conferencing market based on: the breadth of its product line and markets served; PGi´s market share and addressable customer base; and the impact its product strategy has on providing customer value.
Frost & Sullivan concluded that the quality of experience delivered by PGi´s innovative iMeet® video conferencing solution and GlobalMeet® web conferencing solution is a superior differentiator for mid- to enterprise-level companies, as the market continues to transition from on-premise to cloud-based virtual collaboration solutions.
"We are thrilled and honored that Frost & Sullivan recognized PGi for creating cloud-based virtual meeting solutions that are simple, personal and mobile, and that deliver superior value to enterprise customers of all sizes," said Boland T. Jones, PGi founder, chairman and CEO. "PGi believes that meetings matter, and we are committed to providing innovative, highly usable virtual meeting solutions that let people meet in simpler, more human ways "´ wherever they are in the world."
Frost & Sullivan Principal Analyst, Ronald Gruia, explained, "Early results validate PGi´s approach to broaden its portfolio with cloud-based solutions delivering audio/video conferencing and web collaboration, positioning PGi among industry leaders to be reckoned with. The simple and intuitive web-based video conferencing is a key differentiator that makes iMeet stand out in the marketplace."
Frost & Sullivan has more than 50 years of experience as a global research organization of approximately 1,600 analysts, consultants and supportive staff who monitor more than 300 industries and 250,000 companies. The company´s research philosophy originates with the CEO´s 360-Degree Perspective TM, which serves as the foundation of its TEAM Research TM methodology. This unique approach enables Frost & Sullivan to determine how best-in-class companies worldwide manage growth, innovation and leadership.
About Premiere Global Services, Inc. ? PGi
PGi has been a global leader in virtual meetings for 20 years. Our cloud-based solutions deliver multi-point, real-time virtual collaboration using video, voice and file sharing technologies. PGi solutions are available via desktops, tablets or mobile devices, helping businesses worldwide be more productive, mobile and green. PGi has a global presence in 25 countries and an established base of more than 35,000 enterprise customers, including 75% of the Fortune 100 TM. In the last five years, we have hosted more than 725 million people from 137 countries in over 65 million meetings. For more information, visit us at http://www.pgi.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 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.
Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management´s current expectations or beliefs as well as assumptions made by, and information currently available to, management. A variety of factors could cause actual results to differ materially from those anticipated in Premiere Global Services, Inc.´s forward-looking statements, including, but not limited to, the following factors: competitive pressures, including pricing pressures; technological changes and the development of alternatives to our services; market acceptance of new services, including our iMeet® and GlobalMeet® services; our ability to attract new customers and to retain and further penetrate our existing customer base; risks associated with challenging global economic conditions; costs or difficulties related to the integration of any new technologies; service interruptions and network downtime; price increases from our telecommunications service providers; technological obsolescence and our ability to upgrade our equipment or increase our network capacity; concerns regarding the security of transactions; our level of indebtedness; future write-downs of goodwill or other intangible assets; assessment of income, state sales and other taxes; restructuring and cost reduction initiatives and the market reaction thereto; risks associated with acquisitions and market expansion; the impact of the sale of our PGiSend business; our ability to protect our intellectual property rights, including possible adverse results of litigation or infringement claims; regulatory or legislative changes, including further government regulations applicable to traditional telecommunications service providers; risks associated with international operations, including political instability and fluctuations in foreign currency exchange rates; and other factors described from time to time in our press releases, reports and other filings with the Securities and Exchange Commission, including but not limited to the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2010. All forward-looking statements attributable to us or a person acting on our behalf are expressly qualified in their entirety by this cautionary statement.
