DULLES, VA--(Marketwire - Aug 9, 2011) - Currently serving more than 400 clients in 30 countries and hosting the largest classroom installation base among top ranked competitors, Echo360, the global leader in campus-wide blended learning and lecture capture solutions, maintained the No. 1 market position as explosive growth and aggressive institution-wide contracts fueled considerable financial gains during the second quarter of 2011.
Signaling a commitment to Echo360's comprehensive solution, 71 colleges engaged in long-term agreements, and more than 69% of its large-scale commitments belong to multi-year contracts. These agreements stand as testimony to the industry's faith in the ongoing necessity for Echo360's blended learning solution to drive distance learning initiatives, improve graduation rates and retain students.
"We have never deviated from our mission to empower every instructor and student around the world with blended learning and lecture capture technology because it fundamentally improves teaching and learning," said Fred Singer, CEO of Echo360. "Our outstanding growth is a definitive indicator that the higher education market is ready for a new era and that Echo360 is their preferred solution."
Echo360 also experienced balanced performance and gains in part due to its success with international institutions. The United Kingdom and Europe led by posting an identical 74% increase in line with the worldwide sales growth achievement. With substantial investments from many of Australia's most notable campuses, blended learning solutions from Echo360 are in high global demand.
"As campuses across the globe continue to operate with limited resources, universities of all sizes recognize the incredible value of Echo360's comprehensive blended learning and lecture capture solution," said Dr. John T. Casteen III, President Emeritus of the University of Virginia and Echo360 board member. "Most remarkably, Echo360's progress shines in spite of difficult economic times that continue to plague the global market."
About Echo360
As a global leader in blended learning and lecture capture solutions, Echo360 helps higher education institutions keep pace with modern students' learning needs through products that digitally record and upload learning content. Echo360 has been recognized with a Product Line Strategy of the Year Award from Frost & Sullivan and named a Visionary Vendor in Educational Technology by IT research firm Basex. Echo360's products facilitate better instruction, lower costs and enrich learning experiences by enabling students to easily access and share multimedia content. Through Echo360's platform, students can replay recorded sessions and review course information online at their convenience and across various devices. More than 400 colleges and universities in 29 countries use Echo360's solution.
Contact Information:
Media Contact:
For Echo360: GdR PRoductions, LLC
Gabriel del Rio
323/247-8853