While the likes of us make do with the sometimes less than satisfactory Skype or the somewhat better-working Google Hangout, the global market for professional solutions for videoconferencing is growing. VisoCon GmbH, a Graz-based startup founded in 2010 with a focus on innovative Smart Video Conferencing technology, seem to be benefiting from this trend. As the high-tech venture announced earlier this week, it has sealed a recent 7-digit investment deal with Austrian private equity company i4g and the state of Lower Austria’s tecnet equity alongside funds from two business angels, according to the company’s press release.
The current goal for VisoCon is to use the capital injection to broaden its worldwide sales network and to foster further developments in the field of web-based video conferencing solutions. CEO Andreas Kröpfl seems determined: “With our SMART-CONFERENCING-UNLIMITED concept, we will give a radical new face to the video conferencing market,” with a main emphasis set on high transmission quality, integration capability and usability.
The determination, however, doesn’t only come from within the company. Christian Pegritz, former managing director of Frequentis AG and currently business angel at VisoCon believes that the venture, whose team has been working in the field of realtime communications and video for the past 12 years, will establish itself as a major player on the global market for video conferencing solutions.