SOURCE: Vidient Systems

February 01, 2007 08:00 ET

Vidient Announces New CEO, Expands Management Team

Tech Industry Veteran Steve Goldberg Joins Leading Video Analytics Provider to Help Company Accelerate Plan to Expand Market Opportunity

SUNNYVALE, CA -- (MARKET WIRE) -- February 1, 2007 -- Vidient Systems, Inc., a developer of behavior recognition and video analytics software used around the world in security and safety applications, today announced Silicon Valley veteran Steven H. Goldberg has been named President and Chief Executive Officer to help accelerate the company's plans to expand its target markets.

Mr. Goldberg fills the President and CEO positions previously held for the past three years by Brooks McChesney, the founder of Vidient who now takes the newly created position of Executive Vice President, Corporate Strategy and Development in which he will continue his role of evangelizing new uses of video analytics and forging new technology partnerships to drive further growth.

Since its founding in 2003, Vidient has established a leadership position in the market for intelligent video analytics software used in conjunction with networks of closed circuit TV cameras to automatically detect, identify and deter safety and security breaches in airports, subway stations, ports, utilities, government and corporate buildings and other public facilities.

"A strong foundation has been built for Vidient, and we now have a tremendous opportunity to accelerate the broader adoption of intelligent video analytics worldwide," said Steve Goldberg, the new CEO of Vidient Systems, Inc. "Brooks and the team have done an excellent job developing the core technology, building momentum with customers and positioning the company for significant further growth. With an innovative new family of products scheduled for delivery this Spring, Vidient intends to expand the market reach of this technology. I'm thrilled to be joining the company at this important inflection point."

George Hoyem, a managing partner of Blueprint Ventures and chairman of the Vidient board of directors, added, "Vidient is not your typical Silicon Valley startup, having spun out of NEC Labs with world class video analytics built for today's highly networked, IP-based security and IT environments. With a background steeped in high-speed networking and embedded systems, Steve is the ideal person to take this company to the next level."

Mr. Goldberg, 53, has more than two decades of broad technology and senior business management experience, including a deep engineering background gained in various positions over more than a decade with Hewlett-Packard Company, Cylink and Trimble Navigation. With deep roots in Silicon Valley, he has led companies as president and CEO and also participated as a senior executive in the success of a number of high tech firms from startup through IPO.

He was most recently an Entrepreneur-in-Residence at premier venture capital firm Venrock Associates in Menlo Park, California, where he actively identified promising opportunities in the wireless, security, and networking markets. Prior to Venrock, he was president and CEO of ARCWAVE, Inc., a Campbell, CA-based developer of wireless networking equipment, including hubs, transceivers, antennas and access points.

He also previously was the VP of R&D for the Nokia Internet Communications Division of Nokia Corporation, a new business unit in which he led the development of new security appliances and fast packet processing semiconductors and helped grow sales to more than a $300 million run rate.

Prior to Nokia, Mr. Goldberg was president and CEO of Verticom, Inc., a Santa Clara, CA-based provider of radio subsystems for satellite and terrestrial wireless infrastructures. He was also a division GM at Cylink, Inc. during their highly successful IPO in 1996.

Mr. Goldberg holds a Ph.D. in Electrical and Computer Engineering from the University of California, Santa Barbara and an MSEE and a BSEE from Washington University, St. Louis.

Vidient SmartCatch is now in use around the world in corporate facilities, public institutions and major transportation hubs such as international and regional airports in San Francisco, San Diego, Salt Lake City, Tallahassee and Helsinki. It is available worldwide through Vidient, NEC Solutions America, Inc. (NECSAM) through a marketing and distribution partnership with Vidient and through a select network of security specialty value-added resellers, systems integrators and manufacturers' representative firms throughout North America.

About Vidient Systems, Inc.

Vidient Systems, Inc., based in Sunnyvale, Calif., was founded in 2003 and is funded by leading global venture investors Blueprint Ventures, Canaan Partners, Trident Capital and Hotung Venture Capital.

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