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European MeetingPlace Customers Achieve Record Levels Of Conferencing
Latitude Communications (Nasdaq: LATD), provider of MeetingPlace, the leading secure, integrated voice and web conferencing solution, today announces a record level for its European voice and web conferencing usage.
London, June 18, 2002 - Latitude Communications (Nasdaq: LATD), provider of MeetingPlace, the leading secure, integrated voice and web conferencing solution, today announces a record level for its European voice and web conferencing usage. This May, for the first time, European customer usage totalled over six million minutes, equating to over 100,000 hours of virtual meetings on MeetingPlace in a single month.
Research by Latitude Communications Europe demonstrates a continual cycle of growth for enterprise- based conferencing. In May 1999 the company recorded 300,000 minutes of conferencing for the month on MeetingPlace, rapidly climbing to over one million minutes in May 2000. In May last year, MeetingPlace was employed for 3.9 million minutes. Compared to this year's six million minutes, this demonstrates a 50 percent increase in usage during the past year.
"The market for integrated voice and web conferencing has exhibited continuous growth among European enterprises and we have seen a usage increase of three to four percent each month within our customer base," said Steve Bland, Managing Director International, Latitude Communications. "Subsequent to events of last year, including the economic downturn and September 11th, usage climbed phenomenally as companies sought alternatives to travel. Once they began to discover the simplicity of using an integrated conferencing solution such as MeetingPlace, they continued to rely on the technology. For our customers, using MeetingPlace has become as natural a part of their working day as using email or voicemail."
The trend to employ voice and web conferencing is set to continue as both the installed base and new enterprise customers adopt integrated conferencing as a daily tool. European customers are realising the business benefits of using MeetingPlace for integrated audio and web conferencing, driven by the natural evolution of the meeting environment without geographical constraints. The simplicity of scheduling and attending meetings that are integrated with groupware applications such as Microsoft Outlook and Lotus Notes and the rapid return on investment that a secure, on-net solution provides are also major influencing factors.
"While the European usage figures for May 2002 are impressive, they still only account for five percent of the global use of MeetingPlace that month. Latitude Communications therefore views Europe as a young market for integrated voice and web conferencing and so, it is a significant sector where we expect to see continued growth," concludes Bland.
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About MeetingPlace
MeetingPlace, the leading integrated, secure voice and web conferencing solution, helps organisations to work better through real-time collaboration. MeetingPlace integrates with standard communications infrastructures enabling people to share and edit live documents to work together productively from any location. The result: Faster sales, reduced costs and improved communications. To simplify meeting scheduling, MeetingPlace integrates with standard groupware applications such as Microsoft Outlook and Lotus Notes. MeetingPlace is provided by Latitude Communications (Nasdaq: LATD). For more information, visit at www.meetingplace.net or call 020 7470 7125.
About Latitude Communications
Latitude Communications, Inc. (Nasdaq:LATD) is the leader in providing secure voice and web conferencing solutions. Companies such as Aetna, Agilent, AOL/Time Warner, Charles Schwab, Cisco, Deloitte & Touche and Hewlett-Packard are using MeetingPlace to collaborate in real-time to speed corporate decision-making. Based in Santa Clara, California, Latitude has direct sales and support offices or distribution partners in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Australia and India. For information, visit www.latitude.com or call 020 7470 7125.
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MeetingPlace is a registered trademark of Latitude Communications Inc. All other product and company names are trademarks of their respective holders
For further details please contact:
Gary Marshall or Sarah Bedwell
Companycare Communications
Tel. +44 (0)118 939 5900
Fax +44 (0) 118 959 9595
Email: gary@companycare.com
Email: Sarah@companycare.com
In the United States:
Meg North Taylor
Latitude Communications
Tel: 408-988-7251
Fax: 408-988-6520
Email: meg.taylor@latitude.com
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