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Vidyo's Year-End Results Reveal Embedded Video Will Catapult Video Conferencing Market to New HeightsVidyo (News - Alert), Inc., the leader in embedded video communications, reports that its fiscal year, completed on January 31, was a year of significant growth in key vertical markets. This was due largely to expansion in healthcare and financial services and growth of its platform-as-a-service offering. In healthcare, Vidyo signed large organizations as new customers, including Henry Ford (News - Alert) Health System and Rush University Medical Center, and now supports telehealth programs with nearly 300 hospital delivery organizations (HDOs). In the financial services sector, Vidyo closed several new business and expansion deals with global banks and now powers seven of the top 25. The company is also achieving very strong growth in the credit union sector, signing 25 new customers in the past 12 months. "We enter our new fiscal year with a laser-like focus on delivering a video interaction platform that no other provider can match," said Michael Patsalos-Fox, Chairman and CEO of Vidyo. "We will continue to capitalize on our success in regulated markets such as healthcare and financial services. At the same time, we will further extend our footprint in markets like unified communications, public safety, and field services through a growing number of OEM agreements. Our strategy puts Vidyo in position to lead in the embedded video market for years to come." Vidyo achieved over 45% growth across the core vertical sectors of its business and over 450% usage growth on the VidyoCloud platform. Other notable milestones reached during the year include:
"The future and value of video communications lie in the ability to embed it easily into workflows and business processes. I joined Vidyo because of the core technology platform and the opportunity it has to change the way that businesses work in the digital age," said Anderson. "Face-to-face interaction with another human makes sense more than ever. High-quality, real-time video delivers just that with the added convenience of being available anywhere. It differentiates customer engagement, simplifies complex processes, and even saves lives." "Vidyo is surging into its new fiscal year with a refreshed focus and an enormous amount of positive momentum. We have successfully transformed into an enterprise-class SaaS (News - Alert) business. We are taking full aim at delighting our customers by providing them a first-rate video platform to collaborate, engage, and build anything they might imagine," Patsalos-Fox concluded. 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 (News - Alert) @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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180314005147/en/ |
