SOURCE: Glowpoint


February 04, 2010 08:41 ET

Global Private Investment Firm Utilizes Video Conferencing to Minimize Travel Costs for International Meetings

Glowpoint Provides Managed Video Services for Nine Sites Worldwide

HILLSIDE, NJ--(Marketwire - February 4, 2010) - Glowpoint, Inc. (OTCBB: GLOW), a carrier-grade provider of managed services for telepresence and video conferencing, today announced that a leading global private investment firm, with more than $7 billion of capital under management, has expanded its use of Glowpoint's managed services to a total of nine sites.

Glowpoint originally implemented services for the firm in 2007, with an initial deployment of three sites in the U.S. Since then, the company has added more sites in the U.S. and in Western Europe, in cities such as London and Paris.

Benefits of Glowpoint's managed services for the firm include:

  • Reduced Travel -- Minimizes the cost and time lost from flights abroad, while also reducing company's carbon footprint
  • Increased Productivity -- Enables on-demand, impromptu collaboration globally between managing directors and executive partners
  • Minimized Capital Outlay -- Lowers total cost of ownership for infrastructure

Glowpoint President and Co-CEO Joseph Laezza said, "Our client's expansion validates the value proposition of Glowpoint as an everyday communications tool. In addition, Glowpoint's 'in the cloud' managed services eliminate the extraordinary challenge and expense of purchasing and managing a video infrastructure, allowing the firm to focus on their primary mission of managing capital for their customers."

The firm, whose name is kept confidential due to its policies, handles a family of funds that include venture capital, distressed debt, private equity, and public equities.

Laezza also mentioned that, "the financial services sector represents more than eleven percent of Glowpoint's revenues, and the demand from this community continues to be strong. Given Glowpoint's expertise and experience related to this vertical market, our company will continue to aggressively expand its footprint in the financial sector in 2010."


About Glowpoint
Glowpoint, Inc. (OTCBB: GLOW) provides carrier-grade, managed telepresence and video communications services. Glowpoint's suite of robust telepresence and video conferencing solutions empowers enterprises to communicate with each other over disparate networks and technology platforms. Glowpoint supports thousands of video communications systems in more than 35 countries with its 24/7 video management services. Glowpoint also powers major broadcasters, Fortune 500 companies, as well as global carriers and video equipment manufacturers -- and their customers -- worldwide. To learn more, visit

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