Ofer Shapiro Becomes Vice Chairman, Guy Resheff Appointed CTO

HACKENSACK, N.J. - Wednesday, February 4th 2015 [ME NewsWire]

(BUSINESS WIRE) Vidyo, Inc., ended its fiscal 2014 year on January 31, 2015 and announced significant growth driven by strong market demand and the appointment of Eran Westman, as President and Chief Executive Officer of Vidyo, succeeding co-founder Ofer Shapiro, effective immediately. Westman previously held the role of Chief Revenue Officer. Shapiro assumes the role of Vice Chairman and will continue to help guide the company he has led since founding it in 2005. Vidyo also announced that Guy Resheff has joined the company as Chief Technology Officer to lead the technology and product teams.

“Ofer drove innovation in the video conferencing industry and transformed how people communicate by delivering an amazing video quality experience over the Internet,” said Eran Westman, Vidyo President and CEO. “A true pioneer, he revolutionized how video conferencing solutions are built with the introduction of the VidyoRouterTM, the first video conferencing architecture to leverage H.264 Scalable Video Coding (SVC). The VidyoWorksTM platform and APIs enable new markets and spur innovation with game changing technology and economics. Vidyo is truly changing the world and video-enabling new applications, customer engagements, workflow and business processes and I am honored to be given the opportunity to take Vidyo forward and build on our current success.”

“Vidyo unleashed the video conference from the room, enabling any application with high quality video communication,” said Ofer Shapiro, Vidyo Vice Chairman and co-founder. “It’s been exhilarating to see the market acceptance of our disruptive technology and how it transforms the way people receive healthcare, collaborate and even spend their leisure time. Eran is a strong, smart, and passionate leader; he delivered a great year leading the Vidyo sales force and has proven success in building large organizations. He is the right person to lead the Vidyo team through this next phase of growth. I look forward to working with Eran, Guy and the rest of the Vidyo team to ensure the company’s ongoing success.”

“I also welcome Guy Resheff to the team at this exciting time for Vidyo,” added Westman. “Guy has tremendous experience in technology, and has successfully led market-disrupting innovation as an entrepreneur, executive and investor.”

“Vidyo stands out with a highly differentiated offering for a large and growing market and is uniquely positioned to exponentially grow an already impressive business into an even more successful company, and I am thrilled to have the opportunity to be a part of that,” said Guy Resheff, Vidyo CTO.

Eran Westman joined Vidyo in February of 2014 and led sales and support efforts worldwide. He has more than 20 years of business leadership experience and a demonstrated track record of guiding organizations to the next level of growth. Eran served as Executive Vice President of Global Business, President of Asia Pacific and Vice President of EMEA at Ceragon Networks, the largest independent supplier of wireless backhaul systems. He joined Ceragon as one of the first 15 employees when the company was pre-revenue and built a global organization of over 800 people across Latin America, Asia, Europe, Africa and North America. Eran received a Bachelor of Law degree from Bar Ilan University.

Guy Resheff was co-founder, President and CTO of wireless chip provider Provigent, which was acquired by Broadcom for $340M. Most recently Guy was an Executive in Residence at Tallwood Venture Capital where he sourced and led the investment at Wigig leader Wilocity, which was acquired by Qualcomm in 2014. In addition, Guy was an executive board observer at Quintic Microelectronics, which was acquired by NXP in 2014, and was previously an observer at Silicon Clocks (acquired by Silicon Labs) and Ozmo Devices (acquired by Atmel). Guy received a BA in Mathematics/ Physics from the Hebrew University.

About Vidyo, Inc.

Vidyo, Inc. delivers amazing visual communications and price performance to power customer engagement in line with user expectations to deliver the “human interaction” in the “Internet of Things.” The VidyoWorksTM platform and APIs leverage Scalable Video Coding (SVC) and Vidyo’s patented VidyoRouter™ to deliver scalable video conferencing, collaboration solutions and cloud-based services over public networks at a price comparable to audio conferencing. Vidyo has more than 75 patents issued and patents pending in more than 60 patent families in various jurisdictions around the world. Learn more at www.vidyo.com, on the blog or follow Vidyo on Twitter @vidyo and on Facebook.

The VIDYO logo is a registered trademark of Vidyo, Inc., VIDYO and the trademarks of the VIDYO family of products are trademarks of Vidyo, Inc. and the other trademarks referenced herein are the property of their respective owners.

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Contacts

Vidyo

Mari Mineta Clapp, +1 408-398-6433

mari@vidyo.com

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