{"id":653604,"date":"2013-04-22T07:30:41","date_gmt":"2013-04-22T11:30:41","guid":{"rendered":"http:\/\/www.pehub.com\/?p=197538"},"modified":"2013-04-22T07:30:41","modified_gmt":"2013-04-22T11:30:41","slug":"vidyo-raises-17-1m-from-triangle-peak-others","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/653604","title":{"rendered":"Vidyo Raises $17.1M From Triangle Peak, Others"},"content":{"rendered":"

Vidyo, Inc.<\/strong> said it raised $17.1 million in a deal led by Triangle Peak Partners.<\/strong> The company said other new investors were involved, but didn’t supply details. Vidyo has now raised $116 million since its founding in 2005.<\/p>\n

PRESS RELEASE<\/strong><\/p>\n

Vidyo Raises $17.1 Million To Accelerate Sales Growth and Maximize Market Share<\/p>\n

Hackensack, NJ \u2013 April 22, 2013 \u2013 Vidyo, Inc., today announced a $17.1 million round of financing, bringing the total amount of net capital raised by the company to $116 million since its founding in 2005. The financing was facilitated by strong support from inside investors and the addition\u00a0of several new investors. Vidyo will use this funding and increased access to capital to accelerate its fast growing sales, expand global market share and broaden the adoption of its unique software based, VidyoWorks platform.<\/p>\n

\u201cVidyo has proven itself as an innovator in the video conferencing market and has sparked the mass adoption of its technology, which is changing the landscape of visual communications,\u201d said Dain DeGroff, co-founding Managing Director, Triangle Peak Partners, the lead new investor. \u201cWe are delighted to be a part of Vidyo\u2019s successful growth.\u201d<\/p>\n

In 2012, Vidyo saw 68% year over year billings growth and unlocked several high-profile market segments including 77% year-over-year growth in healthcare and education\u00a0 and 67% growth in the large enterprise business. Vidyo currently has 26 patents issued and 56 patents pending, for its award winning architecture.<\/p>\n

\u201cWe are experiencing a hockey stick effect in the adoption of the personal video conferencing market that continues to drive significant growth for Vidyo,\u201d said Ofer Shapiro, Vidyo\u2019s CEO and Co-Founder.\u00a0 \u201cOur customers are expanding their deployments with us at an amazing rate of 18% per quarter on an average dollar basis. We will use these funds to support this growth and accelerate new customer wins.\u201d<\/p>\n

Vidyo has been widely recognized for its success and has been honored with high profile awards such as Wall Street Journal\u2019s \u2018Next Big Thing\u2019\u00a0\u00a0annual list for a third year in a row, recognized by the World Economic Forum as a Tech Pioneer for 2013, and was cited on the\u00a0MIT Technology Review\u2019s 2013 \u201c50 Most Disruptive Companies\u201d.<\/p>\n

About Vidyo, Inc.\u2028Vidyo, Inc. pioneered Personal Telepresence enabling natural, HD multi-point videoconferences on tablets and smart phones, PCs and Macs, room systems, that interoperate with legacy H.323 and SIP endpoints, telepresence solutions and affordable cloud-based video conferencing as a service solution. \u00a0The VidyoWorks platform allows solution providers to integrate high quality visual communications into their applications, leveraging H.264 Scalable Video Coding (SVC) and Vidyo\u2019s patented VidyoRouter technology. Learn more at www.vidyo.com, on the Blog or follow @vidyo on Twitter.<\/p>\n

***<\/p>\n

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.<\/p>\n

The post Vidyo Raises $17.1M From Triangle Peak, Others<\/a> appeared first on peHUB<\/a>.<\/p>\n

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Vidyo, Inc. said it raised $17.1 million in a deal led by Triangle Peak Partners. The company said other new investors were involved, but didn’t supply details. Vidyo has now raised $116 million since its founding in 2005. PRESS RELEASE Vidyo Raises $17.1 Million To Accelerate Sales Growth and Maximize Market Share Hackensack, NJ \u2013 […]<\/p>\n","protected":false},"author":7545,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-653604","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/653604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7545"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=653604"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/653604\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=653604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=653604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=653604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}