Linius Technologies launches new product WHIZZARD in video conferencing and enterprise collaboration markets

Linius Technologies launches new product WHIZZARD in video conferencing and enterprise collaboration markets

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Linius Technologies Ltd (ASX:LNU) has launched a new product in the video conferencing and enterprise collaboration markets called WHIZZARD, that is now integrated with Zoom, Webex Meetings and Microsoft Teams.  WHIZZARD allows users to immediately search, assemble and share video content from within recorded meetings. ‘Solutions coming to life’ Linius chief executive officer Chris Richardson said: “We have now established anchor clients in each of our targeted key verticals and our solutions are coming to life. “WHIZZARD is innovative, incredibly intuitive and importantly, it delivers on our strategy of prove and repeat.” Two high usage markets WHIZZARD addresses two high usage markets; the corporate and enterprise market with WHIZZARDmeet and the university and higher education market with WHIZZARD-learn. More than 183,000 educational institutions are now using Microsoft Teams alone, as are 91 of the Fortune 100 companies. The product provides employers, employees, students and teachers the ability to transform hours of video footage into bite-sized relevant pieces of content, to increase knowledge sharing across their preferred platforms. A medical student can instantly search across the university’s entire catalogue of recorded lectures for mentions of ‘vaccine race’, spoken by ‘Professor Davies’ in ‘the month of September’ and have all relevant clips automatically put together in milli-seconds, with this level of granularity delivered back as one custom video, to aid in exam preparation. Similarly, a corporate executive who does not have time to attend all meetings scheduled but requires an update on forecasted budgets, for example, can easily search across all Zoom meetings over the ‘last 14 days’ for topics such as ‘forecasts’ and ‘budgets’ by ‘CFO’ and ‘CEO’ and have a personalised video returned instantly that summarises the information they need. "Fast path to recurring revenue growth" The video conferencing market alone is anticipated to grow at over 19% CAGR between 2020 and 2026, with Zoom announcing earlier this year they had over 300 million-plus participants per day and Microsoft Teams reporting up to 2.7 billion meeting minutes per day. Richardson added: “This market is extremely buoyant right now with more people now working and learning remotely. “With 22% of people currently recording their video meetings, WHIZZARD represents a fast path to material recurring revenue growth for both Linius, and our partners”. Future plans In the near future, WHIZZARD will be a publicly available platform, which clients can subscribe to directly and start using the same day, with no involvement from Linius personnel. It is expected that WHIZZARD will be available via the Zoom and Webex marketplaces in about two weeks, following completion of their respective registration processes. It also enables Linius’ partners to white label the service as its own value-added application. LiveTiles, a Linius partner, has white-labelled the solution and is targeting its large base of existing customers and enterprise organisations globally, and has started a deployment to its first large customer. Collaboration with Amazon Web Services Linius is collaborating with Amazon Web Services (AWS), which hosts the WHIZZARD platform and underpins its Artificial Intelligence (AI) services. AWS is providing funding support for the product’s marketing efforts via the AWS Partner Network, and Linius is in the process of listing WHIZZARD on the AWS Marketplace, making it easy for customers across the world to find, test, buy, and deploy the software. Virtual conference Linius will be presenting at a virtual conference today, Wednesday, November 25, which includes further details of this new product launch. Investors are invited to register in advance by clicking on this link.

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