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Nigerian Firm Joins Zoom, Others In $75bn Virtual Meetings App Market

 

As businesses continue to adopt the virtual workplace, a Nigerian company has developed a new Application for video conferences and webinars, writing Africa’s name on the growing list of players in the multi-billion-dollar global business meetings.

Known as Konn3ct, the new App was developed by a young company, called Ecosystems, led by former Chams Nigeria executive, Femi Williams.

Prior to the development of Konn3ct, Zoom, Google Meet, Microsoft and the other existing players, numbering over 140 have been splitting the market among themselves, with no competition from Africa, in a market estimated to be worth over $75 billion (N30 trillion) in the next nine years.

But these are about to change with the entry of Nigeria’s Konn3ct placing the country and Africa in prime position to play recognizable roles in the fourth industrial revolution as creators of technology rather than consumers.

Konn3ct, LEADERSHIP investigations reveal, is entering the market with more than 40 differentiating features that put the App in good stead to compete strongly with the leaders of this rapidly growing industry.

LEADERSHIP spoke with Chief Executive Officer of the company, Femi Williams, who was upbeat about the capability of the indigenous application to hold its own against any other player in the industry.

Williams, who anchored his optimism on what he called superior meeting experience, said although there might be expected entry challenges, especially being a solution wholly developed in Africa by Africans, he was confident that the global community would opt for value against port of origin.

“We are lucky that technology solutions, such as Konn3ct, are not sold with nationality stamps, the same way you have your German machines and Japanese technology driving automobile sales. If this was so, a Chinese solution like Zoom would not be the leading meetings solution in both the United States and Europe.

“Technology thrives more on quality of user experience and problem-solving capabilities than nationality branding. This makes us believe that Konn3ct will compete quite well in the global market space, just to sound modest,” he stated in an exclusive interview with Leadership,” he said.

He noted that apart from the top-quality experience in Konn3ct, the solution also has strong security architecture that lends itself for classified meetings below the radar of open internet.

“The Transport Layer Security built into the App provides privacy and data integrity between two or more communicating computer applications. We also have the Secure Socket Layer Encryption (SSL).

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Encryption) is a protocol to protect data during transfer and transmission by creating a channel, uniquely encrypted, so that the user and the server have a private communication link channel over the public Internet,” he explained.

He added that Konn3ct, is capable of providing one of the largest meeting rooms in the market, with as many as 250 people in one room while an unlimited number can participate via livestreaming

It was learned the App effectively mirrored real-life conference experiences in its construction process, enabling participants in a large conference to go into breakout sessions.

To make this experience all encompassing, Konn3ct allows as many as eight breakout rooms within the same conference after which the participants are timed out for return into the main meeting.

Apart from the breakout session feature, this new App allows organisers of any meeting to record the proceedings for proper documentation and ease of future reference, doing the job of video cameras and rapporteurs at the same time.

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