Vidyo CEO and co-founder Ofer Shapiro accepts Wall Street Journal Innovation Award

As was announced in September, this year’s Wall Street Journal Innovation Award in the Network, Internet Technologies/Broadband category was given to Vidyo for “delivering high-quality videoconferencing over the Internet or cellular networks at a fraction of the cost of dedicated ‘telepresence’ systems.”

The award ceremony took place last week and John M. Leger, news editor at the Wall Street Journal, told us more about the WSJ technology innovation awards. He explains why Vidyo was the winner in this clip:

As he explained, the judges based their consideration on questions such as:

– Does the innovation break with processes and ideas in its field?
– Does it go beyond the technologies that already exist?
– What impact will the innovation have in its field as well as in other fields, in the future?

Leger goes on to say that the judges saw Vidyo’s breakthrough technology as “something that is really new, that is innovative.”  He also added that the judges were very happy to give this big award to Vidyo.