Summary: The Fuze For Rooms announcement puts pressure on incumbent hardware-based videoconferencing vendors.
Event:
On September 8 2014, Fuze announced its Fuze For Rooms video collaboration service to video-enable workplace conference rooms, supporting smartphones, tablets and desktops. Incumbent videoconferencing providers and emerging cloud video services have made similar announcements recently. In addition to video-enabling offices and meeting rooms, Fuze For Rooms can connect to larger telepresence room systems.
Also, on November 5 2014, Fuze announced an additional $9 million of funding from Hermes Growth Partners. With this investment, Hermes has taken a larger ownership stake as well as an operational role in the company.
