After several years of evaluation and research, ISI formalized an agreement last week with Vidyo, a scalable software-based video conferencing solution that puts HD-quality, multipoint video communications within reach of anyone using any device, anywhere. All that’s needed is an Internet, LTE or 4G connection to join in a lifelike and collaborative meeting experience.
It is obvious to all of us at ISI that the video conferencing industry has moved beyond providing expensive legacy hardware and dedicated networks to being able to provide a powerful, flexible and scalable software-based solution that is also cost effective. What we see with Vidyo is a product that is easy to use and manage and provides HD-quality video communication for anyone using any device, anywhere. We think that’s pretty cool and it doesn’t take a genius to determine that it's where everything is going in our industry. There is more emphasis on software and less on hardware.
It's little scary but truthfully I’ve wanted to see it for years. Why? Because, simply put, from an owners perspective, a software company that creates intellectual property is worth a whole lot more than a hardware company that is susceptible to physical products becoming commoditized.
Another reason ISI has partnered with Vidyo is that both companies share mutual success in the healthcare marketplace with telemedicine. Vidyo’s telemedicine platform is gaining acceptance in emergency rooms, ICUs and patient rooms for neurology, pulmonology, cardiology, psychiatry and other applications Software-based healthcare solutions can be integrated with the Vidyo™ platform to improve clinical workflow and enable remote consults. They will also allow medical experts to connect in minutes from any location to observe and interact with a patient, check vital signs, and review lab data much as if they are at the patient’s bedside. And for a price that health care professionals can afford!
Everyone at ISI is excited about the many opportunities s that Vidyo and software based solutions can provide our clients and prospects and are looking forward to success for the balance of 2014 and beyond.