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Avistar Communications Corporation (www.avistar.com), a leader in unified visual communications solutions, announced today that in order to meet the increasing demands for both its technology licensed solutions and channel product offerings, its sales and marketing functions will be combined under the leadership of Stephen Epstein, Avistar’s CMO. Additionally, Darren Innes has resigned from the position of General Manager, Global Sales. This change is effective immediately.
In making this announcement, Bob Kirk, CEO of Avistar, said, “As we focus on aligning our business and go-to-market strategy in order to capture the ever-growing demand for visual communications, it was evident that a closer alignment between sales and marketing would allow Avistar to better leverage the teams’ collective capacity while building an account management structure that is able to respond to the growing demands of both our upcoming and current partners.”
Stephen Epstein, Avistar’s CMO said, “There has always been a strong partnership between sales and marketing at Avistar, but as our business expands, it has become clear that both sales and marketing need to be much closer aligned in order to respond to increasing opportunities within the unified visual communications market. Our portfolio of technologies, products and solutions has now expanded well beyond our traditional desktop solution, which makes the sales process more demanding. Having a closer link between sales, marketing and product management will allow Avistar to respond more efficiently and effectively to these emerging opportunities, while providing a strong account management discipline. This will help Avistar as we increase our sales, while providing the level of account support that our partners have come to expect.”
In closing Kirk added, “This alignment will not only benefit Avistar, but more importantly will benefit our clients and partners alike. This is a fundamental step in our plan to expand revenue, grow our business and increase value to our clients, partners and shareholders.”
About Avistar Communications Corporation
Avistar (AVSR.PK) is an innovation leader in the unified visual communications industry, providing proven business-class desktop videoconferencing technology. Avistar's installations include more than 100,000 committed desktop seats worldwide, bringing together business users anytime and anyplace. Companies such as IBM, LifeSize, Logitech, Polycom and Sony use Avistar technology to power their unified communications solutions. Avistar also works with leading channel partners and resellers including AVI-SPL, CityIS, ESCO, Fontel, Datamart and Jenne in more than 40 countries. For more information, please visit www.avistar.com.
Cautionary Note Regarding Forward-Looking Statements
The statements made in this press release that are not historical facts are "forward-looking statements." These forward-looking statements, include, but are not necessarily limited to, statements regarding the Company’s business and financial prospects in the future for revenue growth and the expansion of the Company’s Business. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties. The Company cautions readers of this release that a number of important factors could cause actual future events and results to differ materially from those expressed in any such forward-looking statements. Such factors include, without limitation Avistar’s lengthy sales cycle, volatility associated with Avistar’s sales and licensing activities, market acceptance of Avistar’s products, increased competition in the market for unified communications, technical challenges associated with product development and completion of our deliverables to customers, ongoing technological developments and changing industry standards, the ability of Avistar’s distributors to sell our products to end users, the capital markets for both debt and equity, and challenges associated with protecting and licensing Avistar’s intellectual property. These important factors and other factors that potentially could cause actual future results to differ materially from current expectations are described in our filings with the SEC, including the Company's most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Readers of this release are referred to such filings. The forward-looking statements in this release are based upon information available to the Company as of the date of the release, and the Company assumes no obligations to update any such forward-looking statements.
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