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July 23, 2012

Vidyo Appoints David Kaminsky as Chief Financial Officer


By Sujata Garud
TMCnet Contributor

Vidyo (News - Alert), the world's fastest-growing video conferencing company, has appointed veteran finance and administration executive, David Kaminsky, as chief financial officer (CFO) of the company. The appointment is effective July 16, 2012.


Kaminsky comes with more than 25 years of varied experience that includes important positions overseeing all aspects of global financial, IT and business operations.

Vidyo, according to the new CFO, is a company with amazing vision and a huge potential for further growth and even greater market leadership. For FY 2011, Vidyo witnessed an 82-percent increase in billings for Vidyo branded products. Vidyo reported sustained growth with a 90-percent growth in billings for Vidyo branded products over the same quarter in FY 2011.

“David Kaminsky is joining Vidyo as CFO at an important time for our company, when we are seeing an amazing increase in sales and market coverage,” said Ofer Shapiro (News - Alert), co-founder and CEO at Vidyo. “David's appointment strongly complements our management team as we transform from a late stage start-up to a fast growing corporation. We are delighted to welcome a seasoned financial leader with experience managing companies with billions of dollars in revenues. David's demonstrated track-record in overseeing unified communications, collaboration, mobile and telecom companies will be a tremendous asset to Vidyo.”

Kaminsky has noteworthy knowledge in corporate finance, strategic business initiatives and the unique requirements of growth-oriented companies. Before joining Vidyo, the official was working with NTT (News - Alert) Data, Inc. as executive vice president and chief financial officer.

The industry veteran had also worked as CFO for Altegrity, an information and intelligence company that offers its services to major U.S. Federal Government and commercial organizations.

Mr. Kaminsky holds a Bachelor's degree in accounting from the University of Bridgeport. He has participated in several well known executive development programs within the General Electric Company and has been certified with a "6 Sigma" Black Belt status.

Vidyo was recently in the news when the company demonstrated the capability to deliver five megapixel immersive, multipoint Vidyo conferences with data collaboration on the new MacBook Pro from Apple (News - Alert).


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Edited by Braden Becker

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