SOURCE: Altia Systems

Altia Systems

May 20, 2014 09:00 ET

TiEcon 2014 Announces Altia Systems Is a Winner for Its TiE50 Awards Program

The TiE50 Awards Program Recognizes the 50 Hottest Tech Start-Ups

CUPERTINO, CA--(Marketwired - May 20, 2014) - Altia Systems, developer of the award-winning PanaCast system for video and web collaboration today announced that it has been selected as a winner for the prestigious 2014 TiE50 Awards Program. Returning for the sixth year in a row, this year's TiE50 was open to all technology companies worldwide.

The PanaCast Experience -- which consists of the PanaCast camera-server, cloud and apps software -- is an immersive, Panoramic-HD video and HD audio web collaboration system for today's anytime, anywhere world of smartphones, tablets and personal computers. It lets participants connect via encrypted PanaCast video and audio streams over the open Internet using their personal devices. The PanaCast camera works with Microsoft® Lync®, CiscoWebEx®, Citrix® GoToMeeting® and Google® Hangouts® with no change or upgrade required. Participants see the whole or the host-selected visual field in real-time. With the individualized video delivery of the PanaCast Experience cloud service, each participant can pan and zoom across the immersive visual field to see what they want to see without affecting other participants.

"We are delighted to be selected as a TiE50 Winner award recipient, especially given the caliber of companies in the running for this recognition," said Aurangzeb Khan, Altia Systems' President and CEO. "The PanaCast Experience is an industry first solution, adding high-quality video to every day audio teleconferences and web collaboration sessions to help people engage more fully and hence achieve better business results faster."

"In the six short years since inception, the TiE 50 program has become a global brand that attracts thousands of companies worldwide for this recognition," said Venktesh Shukla, president of TiE, Silicon Valley. "It is unique in terms of rigor of selection and the broad scope of companies that it reviews for this award and is one of TiE Silicon Valley's most successful programs. It is also worth mentioning that this is the only awards recognition in technology to be held by a large global non-profit organization. "

To determine the winner, a panel of experts screened the companies and created a list of the "2014 TiE50 Top Startups." This list was then reviewed by a screening committee of deep domain experts. About 100 of the best of the breed companies were selected to the elite TiE50 Finalist pool. Finally, this pool of TiE50 Finalists were judged by a panel of highly accomplished team made up of serial entrepreneurs, venture capitalists, angel investors, CEOs and well-rounded technology experts, to determine finalists and winners. Companies were evaluated on three parameters: Business Model, IP Value and Leadership team.

At TiEcon 2014, 20 of the top startups from each of the five segments were chosen to pitch their ideas, and winners were announced on stage at TiEcon.

"This year the TiE50 Awards Program screened more than 2800 companies from 27 countries. The finalist pool is represented by early through late stage companies. A star attraction of the conference is TiE50 Finalist presentations. Audiences are treated to great ideas and amazing technologies" said Ram K. Reddy, the program chair.

The TiE50 track record since its inception in May 2009 shows that 94% of the winners and finalists have been funded, attracting Billions in investments. Many of these companies have been acquired, merged or gone public.

For further details on the TiE50, visit www.tie50.org.

About Altia Systems
Altia Systems™ (altiasystems.com) is a venture-backed company based in Cupertino, California, and creator the PanaCast™ solution. The award-winning PanaCast™ offers a unique experience that enables anyone on desktop or mobile to communicate in interactive, real-time Panoramic-HD 200° field-of-view video that replicates the human panoramic perspective. Follow @panacast1 on Twitter® for updates.

About TiEcon
TiEcon is the world's largest conference for entrepreneurs and intrapreneurs with loyal participation from top technology companies, leading venture capital firms, and global service providers. TiEcon 2012 attracted 3,000+ attendees from across the world - including CEOs of established companies to first-time entrepreneurs creating new companies, to leading investment professionals and corporate executives. TiEcon was listed by Worth Magazine in their September 2011 issue to be among the 10 Best Conferences for Ideas and Entrepreneurship along with TED and the World Economic Forum. For more information on TiEcon, visit http://www.tiecon.org/.

About TiE:
TiE is a global not-for-profit organization fostering entrepreneurship through mentoring, education, and networking. We consider entrepreneurship to be the single most powerful instrument to advance global prosperity. Our greatest strength is our network of over 60 chapters in 17 countries with a worldwide membership exceeding 14,000 that includes successful entrepreneurs, venture capitalists, corporate executives, and aspiring entrepreneurs. For more information on TiE, visit www.tie.org.

Contact Information

  • For more information please contact:

    Belinda Young
    BYPR
    Telephone: 206-932-3145
    Email: Email Contact

    Jeremy Young
    BYPR
    Telephone: 206-291-3818
    Email: Email Contact