Videnda News

Vidyo Chosen by Global Leader in Risk Management Solutions

HACKENSACK, NJ - Vidyo®, Inc., the first company to deliver personal Telepresence today announced that Kamakura Corporation, a leading provider of risk management information, processing and software, selected VidyoConferencing(TM) as a key component of the company's communications with its global clients. Founded in 1990, Kamakura has been a provider of daily default probabilities and default correlations for listed companies since November 2002.

In addition to this news, Vidyo has also issued two other announcements today: Vidyo Secures $15 Million to Expand Leadership in Personal Telepresence Market and Vidyo Licenses H.264/SVC Technology to Telepresence Leader Teliris.

Since on-going personal contact with its customers is critical to Kamakura's business, the company needed to identify a way to maintain regular, face-to-face communications with its clients that didn't require constant travel and time expenditures. Although they had tested other Video Conferencing options, none had met their expectations and requirements. Once they discovered Vidyo's HD desktop personal Telepresence system, they began to implement VidyoConferencing for use throughout their enterprise.

"Our clients are amazed by the simplicity and high quality of VidyoConferencing," said Mariusz Tyminski, Senior Vice President, Kamakura Corporation. "Prior to Vidyo, we were not able to engage in video calls with multiple participants over the Internet. It was impossible to have any kind of natural communication. VidyoConferencing gave us the ability to offer clear, HD video communications to our clients via an IP network, thereby cutting costs on travel and International calls, not to mention savings of time and energy."

"Kamakura's use of our system is a perfect example of just how ideal VidyoConferencing is for international enterprises that must reach and support their customers of any size or location," said Ofer Shapiro, CEO of Vidyo. "Vidyo provides companies with a stellar personal Telepresence experience, which means award-winning video and audio quality on point-to-point AND multipoint conferences, whether you're using a desktop, a laptop or a room system. That's as up-close and personal as you can get without getting on an airplane! We're delighted that Kamakura recognizes the unique value and quality of our solution."

The secret to the level of Video Conferencing excellence experienced by Kamakura, has much to do with Vidyo's unique architecture — different than any other Video Conferencing solution on the market. VidyoTechnology(TM) eliminates the central component of legacy Video Conferencing — the Multipoint Control Unit (MCU) — and replaces it with a distributed architecture using an application layer router. Because there is no MCU encoding and decoding bottleneck, there is no latency introduced on VidyoConferences. The experience is smooth and natural. In addition, the versatility of Vidyo products and technology enable a desktop and room HD Video Conferencing solution that can be used by everyone in a company, whether from the office, home or while traveling, via general IP networks.

View full article here: Vidyo Chosen by Global Leader in Risk Management Solutions MSNBC - Marketwire