Vidyo, Inc. announced today that Bloomberg selected the company to provide the enabling technology for the Nexi platform, Bloomberg’s all-new global communications platform to visually connect Bloomberg employees with the rest of the world.

Leveraging the VidyoWorksTM platform and APIs, Nexi makes it possible for Bloomberg’s 17,000 employees worldwide to collaborate internally and externally with a single click. The VidyoWorks platform allowed Bloomberg to create a completely customized solution that fully integrates into Bloomberg’s existing email and calendar system, complies with Bloomberg security standards and delivers the most resilient video communications experience across devices and networks. In the first month of deployment of Nexi, Bloomberg’s highly active user base logged more than 6 million Vidyo conferencing minutes in nearly 200,000 conferences with three or more participants per conference.

“Every day we focus on bringing the best technologies to Bloomberg and collaboration is critical to our business. Vidyo’s technology made it a clear choice to power the Nexi platform,” said Nicole Comello, Global Head of Information Systems, Bloomberg LP. “We look forward to exploring new use cases for the technology in the future.”

Reflecting the increasing need for desktop and mobile collaboration, Nexi relies on Vidyo’s software-based platform to deliver a hybrid solution leveraging new and existing virtual and physical infrastructure that combines the best of traditional-style room systems with the added flexibility and interoperability of a software-based technology for a virtually flawless experience across nearly any endpoint including most smartphones and tablets.

According to Robert Mason and Whit Andrews in Gartner’s IT Market Clock for Enterprise Video, 2015 “The enterprise video market is dynamic and characterized by several broad transitions. Most notable is the shift from specialized video appliances and dedicated networks to software-based endpoints and infrastructure that can enable enterprise video across a broader range of form factors and network alternatives.” *

“Vidyo’s software-based technology is used in various large-scale enterprise deployments and with organizations like the Department of Defense and CERN, giving Vidyo the expertise needed to help Bloomberg build Nexi from the ground up” said Eran Westman, CEO, Vidyo. “Bloomberg required a video platform that was extremely reliable, fully customized and could scale extremely efficiently. Vidyo was the perfect match and we look forward to a long-lasting relationship with such an influential organization that has a finger on the pulse of the financial community.”

Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service, which provides real time financial information to more than 325,000 subscribers globally.

* Source: Gartner, Inc., IT Market Clock for Enterprise Video, by Robert Mason and Whit Andrews, September 2, 2015

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 @vidyo and on Facebook.

###

The VIDYO logo is a registered trademark of Vidyo, Inc., VIDYO and the trademarks of the VIDYO family of products are trademarks of Vidyo, Inc. and the other trademarks referenced herein are the property of their respective owners.

Many of the products and features described herein remain in varying stages of development and will be offered on a when-and-if available basis. The product plans, specifications, and descriptions are provided for information only and are subject to change without notice, and are provided without warranty of any kind, express or implied. Vidyo reserves the right to modify future product plans at any time.