HACKENSACK, NJ (March 10, 2010) – Vidyo® Inc., the first company to deliver personal telepresence, today announced that it was named to the Wall Street Journal’s “Next Big Thing” list of the 50 top venture-backed companies in the U.S. The list is drawn from the approximately 10,000 U.S.-based, privately-held venture-backed companies in the Dow Jones VentureSource database. Among the 50 companies, Vidyo’s Board of Directors ranked 4th out of 50. Vidyo’s board is comprised of Ofer Shapiro, Vidyo CEO and co-founder, Avery More, Vidyo Chairman and co-founder, Dr. Jon Bayless, General Partner, Sevin Rosen Funds, Doug Carlisle, Managing Partner, Menlo Ventures, Joshua Ruch, Managing Partner, Rho Ventures, and Guy Sella, General Partner, Star Ventures.
“To be eligible for The Next Big Thing ranking, a company must have raised an equity round of financing in the three years ended Nov. 30 and, because we are looking to identify less-known companies, have a valuation of $1 billion or less,” said Jessica Canning, global research director, Dow Jones VentureSource. “Since this resulted in a field of 5,194 potential candidates, Vidyo is among a very small, select group of privately-held companies.”
“We are extremely proud to be among the companies honored on the Wall Street Journal’s list of top venture-backed companies,” said Ofer Shapiro, CEO and co-founder of Vidyo. “This recognition is further validation to our claims of being the ‘next generation’ of video conferencing technology, products, and market traction. Since the chosen companies’ selection was based on concrete indicators for growth potential, financial success and impact on the marketplace, we humbly concur with the Wall Street Journal, that Vidyo is indeed the ‘next big thing’ in videoconferencing.”
The rankings were calculated based on how each company scored in each of the following five components: 1) the track record of success for the venture-capital investors who sit on the company’s board: 27.5% of final rank. 2) The amount of capital raised by the company over last three years: 22.5% of final rank. 3) An editorial ranking: 20% of final rank. 4) The track record of success for the entrepreneurial company management and founders: 17.5% of final rank. 5) The recent growth in value of the company: 12.5% of final rank. To calculate the final ranking, the five weighted components for each company were summed, and the companies ranked by the final scores.
About Vidyo, Inc.
Vidyo, Inc. pioneered Personal Telepresence enabling natural, multi-point videoconferences on desktop computers and room systems. Vidyo’s patented VidyoRouter architecture delivers the only available H.264/Scalable Video Coding (SVC) solution that eliminates an MCU while delivering the industry’s best error resilience (click here to see a video) and lowest latency videoconferencing solution over the Internet and wireless networks. Vidyo is privately held and has raised $45M from Menlo Ventures, Sevin-Rosen, Rho Ventures and Star Ventures. Learn more at www.vidyo.com. Follow Vidyo on Twitter@Vidyo.
Director, Public Relations