Frost & Sullivan Recognizes Zoom as Company of the Year in Video and Web Conferencing

Frost & Sullivan Recognizes Zoom as Company of the Year in Video and Web Conferencing

PR Newswire

SANTA CLARA, California, Dec. 7, 2017

Zoom's strong focus on the core principles of user experience and pace of innovation is eliminating the traditional barriers to adoption and successfully disrupting the market

SANTA CLARA, California, Dec. 7, 2017 /PRNewswire/ -- Based on its recent analysis of the global video conferencing industry, Frost & Sullivan has recognized Zoom Video Communications with the 2017 Global Company of the Year Award. The advent of a new breed of cloud services is uprooting established business models and prompting businesses to view video conferencing as a key part of their digital transformation strategy. Zoom has led the cloud video services revolution and is disrupting the industry.

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Zoom is a leading market vendor that has successfully transformed the audio, video, and web meeting experience, opening up the world of next-gen communications to the masses. Since entering the market in 2011, Zoom has seen rapid-fire growth to reach an impressive $1 billion valuation by January 2017. Its industry-leading technology and innovative go-to-market strategy pose a threat to established conferencing and collaboration vendors that have dominated the industry for decades.

"Zoom unifies cloud video communications, chat, and a software-based conference room solution into one platform," said Roopam Jain, Industry Director, Enterprise Communications & Collaboration at Frost & Sullivan. "This single platform approach offers a simple and consistent user experience across all meeting spaces – desktops, executive offices, open spaces, huddle rooms, and large conference rooms, as well as includes top-notch mobile experiences."

Zoom has led with an open platform built from the ground up that allows developers the customization flexibility needed to meet their needs and integrate Zoom into their existing workflows. The platform contains leading-edge features and functionality. Recent enhancements include:

"Zoom's mission to change the video communications industry has caught the attention of high-profile investors leading to impressive funding," noted Jain. "In January 2017, Zoom raised $100 million in Series D funding from Sequoia, which brought its total funding to $145.5 million and put its valuation over the $1 billion mark. Zoom also plans to aggressively expand its international presence with the new funding."

Each year, Frost & Sullivan presents the Company of the Year Award to an organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies and outstanding leadership in terms of customer value and market penetration.

Frost & Sullivan 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 to identify best practices in the industry.

About Frost & Sullivan

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