Conferencing Zone Week in Review: Revolabs, Zoom, Phoenix Audio
Welcome back to the Conferencing Zone Week in Review, where we take a look at all the top stories making headlines this week. Everything from new product updates to industry predictions filled the headlines. Grab your cup of coffee and read the highlights right here.
This week, privately-held Feyen Zylstra, a company that designs, installs and maintains electrical, low voltage and automated systems ,announced it has selected Phoenix Audio Technologies to provide conferencing solutions as part of its service offering.
FZ offers solutions for some of the largest public and private organizations in the country. Phoenix Audio will provide the high end audio including its own propriety audio algorithms for improved communications in conference settings.
It’s a great time to be in the conferencing market as research predicts it’s going to keep growing.
Just this week we had reports from Credence Research that show the global market for healthcare video conferencing will expand from 2015 to 2022 with a CAGR of 12.1 percent.
And in funding news, Zoom announced it also received $100 million in new funding in a Series D round from Sequoia.
The video conferencing service provider raised $45.5 million prior. CEO Eric S. Yuan commented that the company is attractive because of his involvement in the launch of WebEx (which Cisco later bought for $3.2 billion) and reportedly because Sequoia’s portfolio companies were fans of the Zoom product.
Finally this week, Revolabs said it will have its conferencing solutions on display at an upcoming event in Amsterdam from Feb. 7-10.
The company will be showcasing its latest offering Executive Elite 2-Channel wireless microphone system at the event. It will also be showing off the HD Venue and HD Dual Channel wireless microphone systems.
That’s all for this week – be sure to check back for all the latest Conferencing news as it happens. Until next week…