An international private investment firm has opted for a new video conferencing solution in order to drive down its travel budget.
The firm, whose name has been kept confidential due to the company's PR policies, has adopted Glowpoint's managed services, telepresence and video conferencing solutions at nine of its global offices.
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According to Glowpoint, the benefits of using such systems include minimising the loss of capital and time from employees taking flights abroad as well as reducing a firm's carbon footprint.
The firm added that increased productivity and reduced capital outlay are two other major benefits afforded by video conferencing and telepresence solutions.
Glowpoint president and co-chief executive officer Joseph Laezza said: "Glowpoint's 'in the cloud' managed services eliminate the extraordinary challenge and expense of purchasing and managing a video infrastructure, allowing [firms] to focus on their primary mission of managing capital for their customers."
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Recent research by Global IP Solutions has highlighted the growing global trend for video conferencing technology.