Vidyo Demonstrates Innovative Leadership in Video Conferencing and Increases Global Customer and Partner Footprint
Hackensack, NJ – April 24, 2012 – Vidyo, Inc., the world’s fastest-growing video conferencing company today announced that it completed another record year, increasing billings for Vidyo branded products by 82% in FY 2011. These results reflect the company’s continued success in North America and APAC theaters which increased billings by 115% each in FY 2011. Vidyo also experienced tremendous global adoption of its revolutionary software-based video conferencing platform marking a monumental marketplace shift away from legacy, hardware-based solutions. The company closed FY 2011 with 57% of its billings from outside North America and with more than 1850 customers who purchased Vidyo systems through Vidyo’s rapidly growing partner eco-system of 300 distributors and resellers and 25 service provider partners.
Vidyo’s groundbreaking platform has won numerous industry awards and is consistently lauded by industry analysts and experts as being the most disruptive force to come along in the videoconferencing market in decades. Vidyo’s innovative architecture provides a completely unique paradigm for video communications and collaboration and opens new markets and usage opportunities for customers. “In a marketplace defined by technological advancements, Vidyo has been at the forefront of innovation, launching products that have positioned the company for growth,” said Roopam Jain, Principal Analyst, Frost & Sullivan, Information and Communication Technologies. “In terms of innovation, technical excellence, scalability and adaptability to varied videoconferencing environments, the VidyoConferencing suite of solutions is impressive and market disruptive. Vidyo’s technology allows new entrants a low barrier of entry to create new, differentiated and cost-effective applications at a desired price performance.”
“The video conferencing and collaboration industry is at a tipping point. According to Infonetics Research, sales of videoconferencing and telepresence equipment are expected to reach a cumulative $22 billion in the next 5 years,” said Ofer Shapiro, CEO and co-founder of Vidyo. “Our game changing platform allows us to benefit from this massive growth. In FY 2011, about half of our billing was from customers that have an average potential of 10X the initial deal size, suggesting that even with the impressive 82% growth in 2011, we are just seeing the tip of the iceberg.”
By bringing price and performance for end-to-end personal telepresence in-line with user expectation, Vidyo is enabling large scale deployments of telepresence. In 2011, Vidyo also experienced a marked increase in marquee customers in the healthcare, education and government vertical markets.
“Vidyo’s groundbreaking technology and video conferencing system transforms mediated classrooms on campus into real time research and learning environments,” says Robert E. Page, Jr., Dean of the School of Life Sciences at Arizona State University. “Students can participate in high quality video interactions with researchers from remote areas, collect and share data via the Internet, all at the same time, on their laptop, desktop PCs or Mac. No other video communications solution offers the kind of access, ease-of-use and quality that we’re getting with Vidyo.”
By the end of FY 2011, Vidyo had been awarded 15 patents and had 44 patents-pending for its revolutionary technology.
The Vidyo Difference
The Vidyo communication and collaboration platform is software-based, highly flexible and can be easily customized for individual enterprise and vertical market video conferencing needs. The patented VidyoRouter™ architecture introduces Adaptive Video Layering™, which dynamically optimizes the video for each endpoint leveraging H.264 Scalable Video Coding (SVC)-based compression technology and Vidyo’s IP. Adaptive Video Layering eliminates the MCU and offers unprecedented error resiliency, low latency rate matching thus enabling natural, affordable, high-quality video to work over the Internet, LTE and 4G networks. The platform allows users to quickly leverage the latest hardware innovations and new consumer devices, making it uniquely attractive to partners. Vidyo has been active driving H.264 SVC and SIP videoconferencing interoperability in various standards bodies since 2005.