Rounding out our recent fundraising activities, we are pleased to announce that we have closed additional growth financing from Silver Lake Waterman and view this capital as an important part of our expansion strategy.
This round of growth capital will enable us to address the unprecedented demand we are seeing for visual communications to integrate face-to-face video into workflows and new applications, as part of the Internet of People. Vidyo is addressing emerging applications in healthcare, financial services, government and customer engagement that integrate video interaction via smart phones, tablets, “wearables” and millions of new IoT devices that connect businesses and individuals online, at work, home or in their car.
“Vidyo is uniquely positioned in the growing market for integrated video applications. We are excited to partner with the company and see a tremendous opportunity for Vidyo to continue to expand its footprint worldwide, leveraging its innovative software platform and suite of APIs that enable high-quality embedded video communication.” said Shawn O’Neill, Managing Director and Co-Head of Silver Lake Waterman.
The VidyoWorks TM platform and APIs allow developers and solution providers across a variety of markets and applications to integrate video communications into existing workflows like Electronic Medical Records (EMRs) or into new devices including “glasses” and other “wearables,” that are emerging every day. The VidyoRouter™ enables Vidyo to deliver the four key requirements critical to adding video into the new connected world: scalability, affordability, workflow integration and HD-quality over Internet and wireless networks.
Silver Lake Waterman focuses on providing flexible expansion capital to later-stage growth companies in the technology and technology-enabled industries. Silver Lake Waterman is part of Silver Lake, the global leader in technology investing with over $23 billion in combined assets under management and committed capital and a team of approximately 110 investment and value creation professionals located around the world
David is a veteran finance and administration executive with more than 25 years of diverse experience that includes significant positions overseeing all aspects of global financial, IT and business operations. Prior to joining Vidyo, David was Executive Vice President and Chief Financial Officer of NTT Data Inc.(a combination of Keane, Inc., Intelligroup, Inc., MISI Inc., Revere Inc. and Vertex Inc.), where he oversaw global finance, IT management and Administrative Operations. David holds a Bachelor’s degree in accounting from the University of Bridgeport.