Applied Global Technologies (AGT) Achieves Record Financial Results for 2008
Managed Video Conferencing and Federal Integration contribute equally to profitability, with continued momentum through first quarter of 2009
ROCKLEDGE, FL and KENNESAW, GA, May 7, 2009 — Applied Global Technologies® (AGT), a leader in managed video conferencing services and emergency response communications, announces a 60% annual increase over 2007 revenue and a record $2.5M EBITDA for 2008. Demand for enterprise managed services, AGT’s service provider products, and federal integration projects continued to accelerate throughout the year and into the first quarter of 2009. “Our strong financial results demonstrate our ability to provide the best price/performance solutions in A/V integration, video infrastructure tools, managed services, and custom Federal/DOD projects,” stated Mike Valletutti, CEO. "Our project backlog, annual client renewals, and demand for collaboration services with fast ROI should result in an equally strong 2009."
Strong demand for managed services and from video conferencing service providers for infrastructure and management tools resulted in international deployment of AGT products ENCORE, FATHOM, ANALYTICS, and PRISM. “By strengthening our managed services capability through the use of our internal R&D, our clients are experiencing higher service levels, resulting in increased usage and adoption of video conferencing” said Mark Cray, Executive VP - PerfectMeetings. "In addition, our internet-hosted clients have surpassed 2M minutes on PerfectMeetings over the past 15 months."
Large Federal integration projects dominated 2008, capped off by the one of the largest high-definition (HD) video conferencing deployments in a US civilian agency. “Our ability to manage, design, and deploy nationwide integration projects has made AGT the preferred contractor for video conferencing, A/V, and emergency response communications” explained Mike Garvey, Executive VP - AGTFederal. "In addition, we completed the fielding of Phase III of the Florida National Guard’s Regional Emergency Response Network (RERN) program in which we delivered a fleet of command & control vehicles".
For 2009, new partnerships will expand the client base to include statewide managed video networks, international service coverage, and new distance learning programs. Recently, AGT has updated the company web site and created two separate sites dedicated to providing current and detailed information about managed video services and integration solutions. Visit AGT on the web at www.appliedglobal.com and PerfectMeetings Managed Video (www.perfectmeetings.net) and Federal Integration (www.agtfederal.com).
Applied Global Technologies and PerfectMeetings
Applied Global Technologies (AGT) is a 15-yr private company, actively managed by its co-founders, Ben Atha and Mike Valletutti. AGT’s award-winning R&D has created innovative managed video services and service provider products. For company-wide video strategies, no other company provides a sustainable conference room-to-desktop experience offered by PerfectMeetings Managed Video, a managed service of AGT. For Federal/DOD and Civilian Agencies, AGTFederal – connecting people, any time, anywhere, any distance, any situation - provides specialized, large integration projects and deploys solutions nationwide. AGT’s international headquarters is located in Rockledge, FL; Hosting Zone/R&D center in Kennesaw, GA; Federal Integration in GA and VA, and teleworker field offices in Chicago, Dallas, Honolulu, Okinawa, San Diego, Seattle, and Virginia Beach. www.appliedglobal.com