Hackensack, NJ – March 03, 2011 — Vidyo®, Inc., the first company to deliver personal telepresence, today announced that, for the second consecutive year, 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 Wall Street Journal’s ranking of the 50 top venture-backed companies was developed using proprietary data from Dow Jones. The list is drawn from the approximately 10,600 U.S.-based, privately held venture-backed companies in the VentureSource database as of Nov. 30, 2010. Vidyo moved up from being ranked number 35 last year, to an 11th place ranking this year.
“Venture capitalists are always looking for companies with a new idea that will prove powerful enough to explode into the marketplace,” said Alan Murray, deputy managing editor of The Wall Street Journal. “The Next Big Thing highlights companies that we believe are worth watching and have a chance to make waves in their industry.”
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 the goal is to identify less-known companies, have a valuation of $1 billion or less. Since this resulted in a field of 5,743 potential candidates, Vidyo is among a very small, select group of privately-held companies named to this list.
“We’re excited to report that over the past year, Vidyo has met and even surpassed any ‘next best thing’ expectations from last year’s honor, moving closer to the top of this year’s list; rapidly gaining momentum, customer recognition and numerous awards” said Ofer Shapiro, CEO and co-founder of Vidyo. “Above all, over the past 12 months, we’ve seen the market embrace our VidyoRouter architecture, which affirms what we’ve asserted from the start; that our technology would revolutionize the industry … and it has. Our video communications and collaboration platform has been chosen and deployed by leading unified communications companies such as HP and Ricoh, international telecom carriers like KDDI and Elisa Corporation, and continues to win major accounts in enterprise and vertical markets. In 2010, we not only claimed the Best of Interop award, we also were named winner of the WSJ’s ‘Technology Innovation’ Award in the ‘Network/Internet Technologies/Broadband’ category. We are honored to be named again to this year’s Top 50 list and we fully expect to continue to lead the shift in the market away from legacy solutions and toward the next-generation of video communication solutions.”
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, HD multi-point videoconferences on desktop computers and room systems, and VidyoCast, an affordable cloud-based broadcast solution. Vidyo’s patented VidyoRouter architecture eliminates an MCU while delivering the industry’s best error resilience and lowest latency videoconferencing and broadcast solutions over the Internet. Vidyo’s solution utilizes H.264/Scalable Video Coding (SVC) and the company has been active in various standards bodies driving H.264 SVC and SIP interoperability since 2005. Learn more at vidyo.com, on the Blog or follow @vidyo on Twitter.
Mari Mineta Clapp
The VIDYO logo is a registered trademark of Vidyo, Inc., VIDYO and the trademarks of the VIYDO family of products are trademarks of Vidyo, Inc. and the other trademarks referenced herein are the property of their respective owners.”