SOURCE: VidSoft Inc.

February 05, 2007 10:00 ET

SIAC Selects Video Conferencing and Collaboration Innovator, VidSoft, for Global Communications From the Desktop

CAMBRIDGE, MA -- (MARKET WIRE) -- February 5, 2007 -- VidSoft Inc., a global provider of IP-based multimedia-rich communication solutions , announces its completed installation with the Securities Industry Automation Corporation (SIAC), the technology subsidiary of the New York Stock Exchange® (NYSE®) and the American Stock Exchange® (AMEX®).

"We are very pleased that our desktop videoconferencing solution met the quality and security requirements of SIAC," said Scott Sullivan, CEO of VidSoft Inc. "Their obvious security needs and demanding desire to have excellent quality were major focuses during our pilot with SIAC. We believe that our solution's combined video, duplex audio and web conferencing and collaboration capabilities enable companies to accelerate processes, create efficiencies and make better-informed decisions, while reducing travel and communications costs. The ability to remove location as a limiting factor, better manage remote resources, leverage distributed expertise, and meet in a virtual conference room anytime from almost anywhere are powerful factors in enabling organizations to reach their next level of efficiency."

A representative from SIAC stated, "VidSoft gives us the ability to talk and work with people across the globe as if they're sitting across the desk."

About Securities Industry Automation Corporation (SIAC)

SIAC (www.siac.com and www.sfti.siac.com) is the technology subsidiary of the New York Stock Exchange® (NYSE®) and the American Stock Exchange® (AMEX®), with responsibility for the design, development, implementation and operation of the exchanges' computer systems and communications networks. SIAC operates clearance and settlement systems on behalf of the Clearing Corporations. SIAC is the company behind the Secure Financial Transaction Infrastructure (SFTI), which offers the financial industry a data communications infrastructure that is more resistant to man-made and natural disasters, while speeding recovery after a crisis. SIAC also disseminates U.S. market data worldwide. SIAC began its operations on July 17, 1972 as a wholly owned subsidiary of the NYSE and AMEX.

About VidSoft

Headquartered in Cambridge, Massachusetts, VidSoft develops media-rich communication solutions that seamlessly integrate audio, video, web conferencing and collaboration. VidSoft works over the Internet or corporate intranet -- right from the user's desktop. VidSoft software is deployed in more than 20 countries and used by some of the world's leading companies to streamline day-to-day business processes, reduce communication bottlenecks, achieve measurable cost savings and enhance their competitive edge. The "software only" solution was built from the ground up with large, multinational companies in mind. It's secure, easy to deploy and maintain, and delivers best-in-class synchronized audio and video with minimal impact on bandwidth. Visit www.vidsoft.com for more information.

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