by Niladri Sekhar Nath --- Telanetix, Inc., which specializes in telepresence solutions for multi-site businesses, has won contracts from two leading financial institutions based in the Northeast. According to the company, revenues for the projects are expected to exceed $500,000. "As audio visual and information technologies continue to merge, the need for conferencing products and services that leverage these solutions is growing dramatically," said Bob Leggio, vice president of sales for Telanetix ( News - Alert). "Our expertise in audio visual room design, coupled with our core competencies in telepresence and IP-based network services, makes Telanetix the logical choice for companies looking for high-end, room-to-room video conferencing solutions."

"We entered 2007 with the goal of leveraging our investment in product development to acquire new customers and establish our leadership in the market. We are off to a strong start this quarter and plan to continue this momentum throughout the year," said Tom Szabo, Chairman and CEO of Telanetix. "We are also pleased to see the market respond positively to our product offerings and strategic direction. We will continue our commitment to provide our customers with the best products and services in the video conferencing industry." Telanetix has developed a technology to create a fully immersive and interactive environment that integrates audio, video, and data from multiple locations into a single environment regardless of geographic boundaries. The company's Digital Presence Technology delivers full size, face-to-face images of real-time video, audio, and data in high quality resolution at 30 frames per second. What differentiates Telanteix from many of its competitors in the telepresence space is that, while it provides the technology to create a next generation collaborative environment, the solution is designed to blend into any businesses existing physical design. Customers are free to use their choice of furniture, displays, and servers. They merely install the Telanetix software running on their chosen hardware, along with HD cameras, and microphones, to create an enhanced conferencing environment that enables communication with other offices with the touch of a single button.

[via TMCnet]