Vidyo has been named the winner of the Wall Street Journal Innovation Award in the Network, Internet Technologies/Broadband category for “delivering high-quality videoconferencing over the Internet or cellular networks at a fraction of the cost of dedicated ‘telepresence’ systems.” This is one of only 17 categories where these awards are given. Vidyo won the award, and Microsoft was the runner-up.
The Wall Street Journal goes on to say “Internet videoconferencing has been around for a few years, but the calls typically are characterized by jerky, low-resolution video. More-realistic, high-resolution videoconferencing systems generally require dedicated communications lines and expensive equipment, limiting their use.
Vidyo uses a new video-compression standard to produce a high-definition videoconferencing product that can work on desktop or laptop computers, tablets and smart phones and travel over the Internet or 3G and 4G cellular networks.” Vidyo will be honored at the Dow Jones FASTech Conference Awards Dinner November 3.