|[December 04, 2017]
Vidyo Names Michael Patsalos-Fox Chairman and CEO
Inc., the leader in integrated video collaboration technology, today
announced that its Board of Directors has named Michael Patsalos-Fox
Chairman and CEO, effective immediately. Patsalos-Fox, who has been a
Director of Vidyo (News - Alert) since 2013 and was appointed as Chairman earlier this
year, now assumes the role of CEO replacing outgoing CEO, Eran Westman,
who is leaving the company to pursue other opportunities.
This press release features multimedia. View the full release here:
Michael Patsalos-Fox, Vidyo's new Chairman and CEO (Photo: Business Wire)
"I want to thank Eran for his contribution to the business and wish him
well on his future endeavors," said Patsalos-Fox. "I have developed a
deep appreciation for the market and Vidyo's opportunity to dominate key
segments since joining the Vidyo board in 2013. I am excited and
energized to build on our market leadership through focused growth
acceleration strategies and operational excellence."
Most recently, Patsalos-Fox was CEO of Stroz Friedberg until its
successful sale to Aon in late 2016. Prior to Stroz Friedberg,
Patsalos-Fox enjoyed a long career at the McKinsey & Company (News - Alert) global
management consulting firm where he served as chairman of cKinsey
Americas. He served as a senior partner on McKinsey's operating
committee for nine years and held a seat on the board for 12 years.
Patsalos-Fox currently serves on the boards of several other companies
including Cognizant (News - Alert), Quid, and CloudPay.
"Vidyo pioneered what has become the gold standard in video
communications," said Joshua Ruch, managing partner of Rho Ventures and
Vidyo board member. "Michael has a proven track record and the right
expertise to shepherd the company through the next phase of its growth."
Vidyo boasts a long
track record of innovation beginning in 2005 when it co-developed
the H.264 SVC standard, built the first commercially available
implementation, and introduced its patented selective forwarding unit
(SFU) approach to the video conferencing market. Vidyo's highly scalable
and secure platform, along with its unique ability to manage extremes,
from network-challenged environments like mobile and wireless to
environments with the highest possible bandwidth and video display
capability, has enabled the company to become the leading video platform
for embedded video collaboration and capture a leadership position in
regulated markets including healthcare,
financial services, and government.
About Vidyo, Inc.
Vidyo is the leader in integrated video collaboration for businesses
that require the highest quality, real-time video communications
available to directly embed into their business processes. Millions of
users around the world visually connect every day with Vidyo's secure,
scalable technology and cloud-based services. Vidyo has been awarded
over 170 patents worldwide and is recognized by industry analysts for
its cloud platform and APIs. Thousands of enterprises, service
providers, and technology partners leverage Vidyo's technology to create
innovative HD quality video-enabled applications. Learn more at www.vidyo.com,
on the blog,
or follow Vidyo on Twitter (News - Alert) @vidyo
and on Facebook.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171204005658/en/
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