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Kaufman Bros., L.P. Selects Telanetix to Provide Telepresence Services to Offices Nationwide

November 8, 2007 | Chris Payatagool

kbrologo108.jpgtelanetix_300x87px.jpgSAN DIEGO, Nov. 6 -- Telanetix Inc., a leading IP solutions provider offering telepresence and VoIP services to the SMB and SME markets, won a contract to install its Digital Presence(TM) products in the three U.S.-based offices of Kaufman Bros., L.P. (KBRO), a leading national investment banking firm. Telanetix's telepresence installations will enable KBRO to communicate in real-time between its offices, as well as other sites -- including its clients and geographically dispersed banks -- using both the Digital Presence solution and legacy teleconferencing systems.

"The cost of the Telanetix systems is a fraction of our travel budget between our San Francisco and New York offices alone, but more importantly, the solution gives our executives and clients immediate access to all of the resources our firm offers, regardless of location, at a moment's notice," said Craig Kaufman, KBRO's Chairman and CEO. "Digital Presence is simple to use, accommodates all of our specialized data needs in real-time and in full resolution and enables meetings with many of our clients and employees in various locations simultaneously, even if they use non-Telanetix telepresence systems."

TLX-0074.jpgTelanetix Digital Presence is a unique technology that creates a fully immersive and interactive environment that integrates audio, video, and data from multiple locations into a single environment regardless of geographic boundaries. The display screens deliver full size, face-to-face images of real-time video, audio, and data in high quality resolution at 30 frames per second, which is so profoundly real that users feel as if they are all present in the same room. Using Telanetix developed encoders and decoders and advanced MPEG-4 compression on a Linux platform, Telanetix has effectively replaced the central videoconferencing bridge of legacy systems with high quality decentralized IP multicasting. Operation is simplified through the user interface which is intuitive and easy to use, and the system does not require a dedicated network.

Telanetix designs and manufactures its own products and also offers various purchase programs including the Telanetix Financial lease program.

"Our agreement with KBRO expands our outreach into the financial services vertical, and highlights how our financing program opens the telepresence market to small-to-medium businesses and enterprises," said Tom Szabo, Chairman and CEO of Telanetix. "KBRO has a strong foothold serving communications, media and technology companies, many of whom could also benefit from our Digital Presence offering. We believe many of KBROs' prestigious clients will be interested in learning more about Digital Presence when they experience the benefits first hand."

Telanetix provides a full range of telepresence products from the two screen Executive System to the four screen or greater Boardroom Systems. The company also offers various purchase programs including the Telanetix Financial lease program, which is specifically designed for companies like KBRO that do not want the capital expense to deploy telepresence, but would rather have a reasonable monthly expense spread over a number of years.

About Telanetix, Inc.

Telanetix is a leading IP solutions provider offering telepresence and VoIP services to the SMB and SME markets. By leveraging on ubiquitous network infrastructures, Telanetix's solutions meet the real-world communications demands of its customers. The company's core technologies include a Telepresence offering, called Digital Presence(TM), designed to create fully immersive and interactive meeting environments that incorporate voice, video and data from multiple locations into a single environment; and Voice over IP services that give companies flexible calling solutions at a fraction of the price of traditional telecom providers. Additional information can be found at the Telanetix corporate website, http://www.telanetix.com/.

About Kaufman Bros., L.P.

Kaufman Bros., L.P. is a full service investment bank and broker-dealer providing institutional research, trading, advisory, and corporate finance services to the global communications, media, technology, and financial services industries. KBRO was founded in 1994 and is headquartered in New York with offices in San Francisco and Boston.

Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The companies undertake no obligation to publicly release statements made to reflect events or circumstances after the date hereof.

[via earthtimes.org]








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