insert company logo here · polycom and virtual events companies on24 and inxpo, also have competed...
TRANSCRIPT
2013
INSERT COMPANY LOGO HERE
2013 North American SSL Certificate
Product Leadership Award
2014
2014 Global Enterprise Video Webcasting
Competitive Strategy Innovation and Leadership Award
BEST PRACTICES RESEARCH
© Frost & Sullivan 2 “We Accelerate Growth”
Contents
Background and Company Performance ........................................................................ 3
Industry Challenges .............................................................................................. 3
Strategy Innovation and Customer Impact of TalkPoint ............................................. 4
Conclusion........................................................................................................... 6
Significance of Competitive Strategy Innovation and Leadership ...................................... 7
Understanding Competitive Strategy Innovation and Leadership ...................................... 7
Key Benchmarking Criteria .................................................................................... 8
Best Practice Award Analysis for TalkPoint ..................................................................... 8
Decision Support Scorecard ................................................................................... 8
Strategy Innovation .............................................................................................. 9
Customer Impact ................................................................................................. 9
Decision Support Matrix ...................................................................................... 10
The Intersection between 360-Degree Research and Best Practices Awards ..................... 11
Research Methodology ........................................................................................ 11
Best Practices Recognition: 10 Steps to Researching, Identifying, and Recognizing Best Practices ................................................................................................................. 12
About Frost & Sullivan .............................................................................................. 13
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Background and Company Performance Industry Challenges
Webcasting has become a must-have, oftentimes business-critical feature for enterprises
around the globe today. For any large enterprise with a geographically dispersed
workforce, webcasting is perceived as a tool that helps to not only save costs, but also to
train workforces, communicate with employees and partners and create efficiencies within
organizations. Video, both live and on-demand, is thus becoming increasingly adopted by
enterprises.
Several technology vendors have identified the business opportunity that exists for
webcasting platforms and have launched their own webcasting solutions. Apart from the
traditional vendors in the space, such as VBrick, Qumu and Haivision, companies like
MediaPlatform, TalkPoint and Kontiki have had success in this market. Companies with
traditional core competencies in other areas, such as video conferencing giants Cisco and
Polycom and virtual events companies ON24 and INXPO, also have competed in the
webcasting space. As a result, the enterprise video webcasting space is both crowded and
dynamic.
For many customers, the webcasting market fragmentation is confusing. A number of
different vendors offer a variety of solutions; while some vendors provide point solutions
to enable enterprise IT departments to stitch together home-grown offerings that leverage
existing infrastructure and endpoints, other vendors provide end-to-end platforms that
power all parts of the workflow, from creation to delivery and video management. The
sheer number of vendors and the comparison of products, pricing models and integration
capabilities usually make for long sales cycles. For vendors, market education is an
important priority, and competitive differentiation messaging is critical.
On a broader scale, demand analysis suggests that enterprises would like a single
platform that caters to both live and on-demand video requirements—for communication
with internal audiences (employees) and external stakeholders (prospective and current
customers, suppliers, investors, partners). Cloud solutions and hybrid models are hugely
popular because of flexibility and scalability considerations. Enterprises also have a
declining tolerance for building and fostering multiple business relationships to solve
different parts of the same problem. Consequentially, there has been an ongoing wave of
convergence, wherein most vendors are building platforms that include all the
aforementioned capabilities.
Another key challenge is budgetary constraints within enterprise IT departments, and
video often is not a top priority for many enterprises. Few organizations truly devise
enterprise-wide video strategies. Even when budgets become available, funding often is
diverted for upgrades to existing document-based systems or more widely adopted video
conferencing systems. As a result, single departments within the enterprise ecosystem
look for a solution to fit their unique needs. Once the department is satisfied with the
experience, the solution is adopted by other groups within the same company; eventually,
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there is a push for enterprise-wide adoption. Simplified pricing models and scaled product
offerings are key in this environment.
Scalability, reliability, security, quality and ease-of-use are the most important
requirements in the webcasting space. Video webcasting solutions typically have high
visibility because of enterprise C-suite usage. Networks and outdated enterprise
technology also continue to be a challenge, and vendors who can navigate these internal
and external pressures can quickly gain a competitive edge.
Strategy Innovation and Customer Impact of TalkPoint
Strategy Effectiveness
TalkPoint, a PGi company, has been committed to the enterprise webcasting space for a
decade. Over the past fifteen years since its founding, the company has established
technical expertise and market leadership, becoming the partner of choice for over 300
enterprises, including several Fortune 1000™ companies. TalkPoint was originally known
for provisioning webcasting capabilities as a fully managed service. In 2012, TalkPoint
transformed into a webcasting solutions provider with the launch of its webcasting
platform, Convey™. Convey is a self-service webcasting solution robust enough for IT but
designed for the business user. It is easy to use and configure, with an intuitive interface.
Convey enables users to prepare a webcast presentation and go live in under five minutes.
TalkPoint’s flagship product has seen high uptake in a variety of industry verticals, and as
much as 60 percent of the company’s revenues are derived from the SaaS based self-
service webcasting solution.
TalkPoint has reseller partnerships with two among the largest web conferencing vendors,
giving it a significant competitive edge over other vendors in this space. Through its direct
sales, TalkPoint focuses exclusively on the largest global enterprises. These reseller
partnerships are a great strategic move for the company as it allows TalkPoint to
penetrate organizations of all sizes. One partner for instance has more than 100,000
customers, the majority of which are classified as SMB. Through the reseller partnership,
TalkPoint now stands to penetrate a portion of this high volume SMB market. The second
partnership on the other hand enables TalkPoint to penetrate the higher end, lucrative
large enterprise market.
Competitive Differentiation
Companies that compete in the webcasting space have approached this market in several
different ways. Many started out on-premise and built out large product lines involving
devices, video management, CDNs and distribution technology, while certain others
started on the on-demand video end of the spectrum gradually adding live video offerings.
TalkPoint, on the other hand, focused purely on the enterprise webcasting opportunity and
has developed a fully cloud-based, self-service webcasting offering. TalkPoint also has a
robust on-demand studio complete with an editing suite. The company maintained its core
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focus on webcasting, penetrating a variety of industry verticals and functional groups
within the largest global organizations. This laser focus on cloud webcasting gives
TalkPoint a competitive edge today. With Convey, TalkPoint built a solid and scalable
webcasting solution, helping the company nurture partnerships in the complementary web
conferencing space.
From a product perspective, Convey is cloud-based and scalable for up to 10,000
enterprise constituents both internal and external. The solution is easily customizable,
providing customers with a fully branded, highly interactive and engaging webcast
experience through surveys, polls and Q&A. Because Convey is delivered through a user’s
Internet browser, the solution requires no downloads or plug-ins, enabling end-users to
enjoy a seamless mobile experience as well. The solution also has a robust, flexible and
permissions-based management system, enabling enterprises to customize functions and
features based on their unique business requirements. TalkPoint also offers the flexibility
of Assist Services to help customers with fully managed service offerings, although this is
a smaller portion of its business today.
Pricing is straightforward. TalkPoint drives license-based pricing as a monthly subscription
fee on an annualized basis.
Brand Equity
TalkPoint is used by some of the world’s largest enterprises. TalkPoint Convey is widely
used in the financial services market, among insurance companies, investment banks,
commercial banks, financial content companies and mutual funds. Life sciences firms and
drug manufacturers use Convey for online clinical development, education and drug
commercialization. Convey is also widely used by technology and business service firms,
retailers and healthcare organizations across the world. TalkPoint has multiple points of
presence throughout North America, Europe and Asia Pacific. The U.S. is TalkPoint’s
largest single market in terms of revenues, whereas Europe, specifically the United
Kingdom, Germany and Dublin, is the company’s highest growth market. Although
TalkPoint does not directly market to companies headquartered in the Asia Pacific region,
they deliver in-country services for European and U.S.-based companies with an Asia-
Pacific presence. [NOTE: we anticipate that TalkPoint’s global capabilities will be greatly
enhanced through its recent acquisition by market-leading collaboration software and
services provider, PGi, which maintains global delivery infrastructure and a local sales and
service presence in 25 countries worldwide.]
Over the past decade, TalkPoint has built a formidable brand name in the webcasting
market. The company has grown at a rate north of 20 percent year-over-year for the past
three years, which is well above the market average. Apart from growing revenues,
TalkPoint keeps its costs low and drives high profit margins. With the crowded nature of
the webcasting space today, this combination is a rarity and sets TalkPoint apart from the
rest of the vendors in the market.
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Conclusion
TalkPoint’s strong commitment to the enterprise market and unwavering focus on
webcasting market opportunities have enabled the company to build a valuable brand and
a great product that is used by the world’s top enterprises and brands. TalkPoint’s Convey
solution is a fully cloud-based, self-service and browser-based webcasting solution that
requires no downloads or plug-ins. The intuitive, easy-to-use solution empowers business
users to host live webcasts without technical support. The company is also known for its
superior customer service. TalkPoint’s integration with web conferencing endpoints and its
partnerships give the company a unique advantage within the large enterprise and SMB
markets. This unique advantage substantially differentiates TalkPoint’s growth strategy
from other vendors in this space.
With its strong overall performance, TalkPoint has earned Frost & Sullivan’s 2014
Competitive Strategy Innovation and Leadership Award in the Enterprise Video Webcasting
Market.
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Significance of Competitive Strategy Innovation and
Leadership Any successful approach to achieving top-line growth must (1) take into account what
competitors are and are not doing; (2) meet customer demand with a comprehensive,
value-driven product or service portfolio; and (3) establish a brand that resonates deeply
with customers and stands apart from other providers. Companies must succeed at these
three things—brand, demand and positioning—to achieve best-practice levels in
competitive strategy. This concept is explored further below.
Understanding Competitive Strategy Innovation and
Leadership
As discussed above, driving demand, brand strength and competitive differentiation all
play a critical role in delivering unique value to customers. This three-fold focus, however,
must ideally be complemented by an equally rigorous focus on strategy innovation and
customer impact.
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Key Benchmarking Criteria
For the Competitive Strategy Innovation and Leadership Award, we evaluated two key
factors—Strategy Innovation and Customer Impact—according to the criteria identified
below.
Strategy Innovation
Criterion 1: Strategy Effectiveness
Criterion 2: Strategy Execution
Criterion 3: Competitive Differentiation
Criterion 4: Executive Team Alignment
Criterion 5: Stakeholder Integration
Customer Impact
Criterion 1: Price/Performance Value
Criterion 2: Customer Purchase Experience
Criterion 3: Customer Ownership Experience
Criterion 4: Customer Service Experience
Criterion 5: Brand Equity
Best Practice Award Analysis for TalkPoint
Decision Support Scorecard
To support its evaluation of best practices across multiple business performance
categories, Frost & Sullivan employs a customized Decision Support Scorecard. This tool
allows our research and consulting teams to objectively analyze performance, according to
the key benchmarking criteria listed in the previous section, and to assign ratings on that
basis. The tool follows a 10-point scale that allows for nuances in performance evaluation;
ratings guidelines are illustrated below.
RATINGS GUIDELINES
The Decision Support Scorecard is organized by Strategy Innovation and Customer Impact
(i.e., the overarching categories for all 10 benchmarking criteria; the definitions for each
criteria are provided beneath the scorecard). The research team confirms the veracity of
this weighted scorecard through sensitivity analysis, which confirms that small changes to
the ratings for a specific criterion do not lead to a significant change in the overall relative
rankings of the companies.
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The results of this analysis are shown below. To remain unbiased and to protect the
interests of all organizations reviewed, we have chosen to refer to the other key players in
as Competitor 2 and Competitor 3.
DECISION SUPPORT SCORECARD FOR COMPETITIVE STRATEGY INNOVATION AND
LEADERSHIP AWARD
Measurement of 1–10 (1 = poor; 10 = excellent)
Competitive Strategy Innovation and
Leadership
Strategy
Innovation
Customer
Impact Average Rating
TalkPoint 9.0 9.0 9.0
Competitor 1 8.0 8.0 8.0
Competitor 2 8.0 7.5 7.75
Strategy Innovation
Criterion 1: Strategy Effectiveness
Requirement: Strategy effectively balances short term performance needs with long-term
aspirations and vision for the company
Criterion 2: Strategy Execution
Requirement: Adoption of best-in-class processes to support the efficient and consistent
implementation of business strategy
Criterion 3: Competitive Differentiation
Requirement: Unique competitive advantages with regard to solution or product are
clearly articulated and well accepted within the industry
Criterion 4: Executive Team Alignment
Requirement: The executive team is aligned on the organization’s mission, vision, strategy
and execution
Criterion 5: Stakeholder Integration
Requirement: Strategy reflects the needs or circumstances of all industry stakeholders,
including competitors, customers, investors, and employees
Customer Impact
Criterion 1: Price/Performance Value
Requirement: Products or services offer the best value for the price, compared to similar
offerings in the market
Criterion 2: Customer Purchase Experience
Requirement: Customers feel like they are buying the most optimal solution that
addresses both their unique needs and their unique constraints
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Criterion 3: Customer Ownership Experience
Requirement: Customers are proud to own the company’s product or service, and have a
positive experience throughout the life of the product or service
Criterion 4: Customer Service Experience
Requirement: Customer service is accessible, fast, stress-free, and of high quality
Criterion 5: Brand Equity
Requirement: Customers have a positive view of the brand and exhibit high brand loyalty
Decision Support Matrix
Once all companies have been evaluated according to the Decision Support Scorecard,
analysts can then position the candidates on the matrix shown below, enabling them to
visualize which companies are truly breakthrough and which ones are not yet operating at
best-in-class levels.
DECISION SUPPORT MATRIX FOR COMPETITIVE STRATEGY INNOVATION AND LEADERSHIP
AWARD
High
Low
Low High
Custo
mer I
mpact
Strategy Innovation
TalkPoint
Competitor 2
Competitor 3
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The Intersection between 360-Degree Research and Best
Practices Awards
Research Methodology
Frost & Sullivan’s 360-degree research
methodology represents the analytical
rigor of our research process. It offers a
360-degree-view of industry challenges,
trends, and issues by integrating all 7 of
Frost & Sullivan's research methodologies.
Too often, companies make important
growth decisions based on a narrow
understanding of their environment,
leading to errors of both omission and
commission. Successful growth strategies
are founded on a thorough understanding
of market, technical, economic, financial,
customer, best practices, and demographic
analyses. The integration of these research
disciplines into the 360-degree research
methodology provides an evaluation
platform for benchmarking industry players and for identifying those performing at best-
in-class levels.
360-DEGREE RESEARCH: SEEING ORDER IN
THE CHAOS
Technology
Obsolescence
Disruptive
Technologies
New
Applications
CEO
Demographics
Needs
and
PerceptionsSegmentation
Buying
Behavior
Branding
and
Positioning
Competitive
Benchmarking
Emerging
Competition
Competitive
Strategy
Capital
Investments
Availability
of
Capital
Country
Risk
Economic
Trends
Crowd
Sourcing
Growth
Strategies
Career
Development
Growth
Implementation
Industry
Evolution
New Vertical
Markets
Industry
Expansion
Industry
Convergence
Emerging
Technologies
Smart Cities
Sustainability
New Business
Cultures
GeoPolitical
Stability
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Best Practices Recognition: 10 Steps to Researching, Identifying, and Recognizing Best Practices
Our awards team follows a 10-step process (illustrated below) to evaluate award
candidates and assess their fit with our best practice criteria. The reputation and integrity
of our awards process are based on close adherence to this process.
STEP OBJECTIVE KEY ACTIVITIES OUTPUT
1 Monitor, target, and screen
Identify award recipient candidates from around the globe
• Conduct in-depth industry research
• Identify emerging sectors • Scan multiple geographies
Pipeline of candidates who potentially meet all best-practice criteria
2 Perform 360-degree research
Perform comprehensive, 360-degree research on all candidates in the pipeline
• Interview thought leaders and industry practitioners
• Assess candidates’ fit with best-practice criteria
• Rank all candidates
Matrix positioning all candidates’ performance relative to one another
3
Invite thought leadership in best practices
Perform in-depth examination of all candidates
• Confirm best-practice criteria • Examine eligibility of all candidates
• Identify any information gaps
Detailed profiles of all ranked candidates
4
Initiate research director review
Conduct an unbiased evaluation of all candidate profiles
• Brainstorm ranking options • Invite multiple perspectives on candidates’ performance
• Update candidate profiles
Final prioritization of all eligible candidates and companion best-practice positioning paper
5
Assemble panel of industry experts
Present findings to an expert panel of industry thought leaders
• Share findings • Strengthen cases for candidate eligibility
• Prioritize candidates
Refined list of prioritized award candidates
6
Conduct global industry review
Build consensus on award candidates’ eligibility
• Hold global team meeting to review all candidates
• Pressure-test fit with criteria • Confirm inclusion of all eligible candidates
Final list of eligible award candidates, representing success stories worldwide
7 Perform quality check
Develop official award consideration materials
• Perform final performance benchmarking activities
• Write nominations • Perform quality review
High-quality, accurate, and creative presentation of nominees’ successes
8
Reconnect with panel of industry experts
Finalize the selection of the best-practice award recipient
• Review analysis with panel • Build consensus • Select winner
Decision on which company performs best against all best-practice criteria
9 Communicate recognition
Inform award recipient of award recognition
• Present award to the CEO • Inspire the organization for continued success
• Celebrate the recipient’s performance
Announcement of award and plan for how recipient can use the award to enhance the brand
10 Take strategic action
Share award news with stakeholders and customers
• Coordinate media outreach • Design a marketing plan • Assess award’s role in future strategic planning
Widespread awareness of recipient’s award status among investors, media personnel, and employees
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About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth
and achieve best in class positions in growth, innovation and leadership. The company's
Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined
research and best practice models to drive the generation, evaluation and implementation
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http://www.frost.com.