SOURCE: Vidient Systems

April 09, 2007 08:00 ET

Vidient Systems Appoints Dr. Sergio Magistri as Chairman of the Board

Company Elevates Role of Security Technology Industry Veteran, Focused on Helping Guide Award-Winning Video Analytics Provider to the Next Level

SUNNYVALE, CA -- (MARKET WIRE) -- April 9, 2007 -- Vidient Systems, Inc., a developer of behavior recognition and video analytics products used around the world in security and safety applications, today announced that Dr. Sergio Magistri has been appointed as chairman of the company's board of directors.

Dr. Magistri, who has served on Vidient's board of directors since 2005, expands his role by taking the position of chairman, a position previously held by George Hoyem, managing director of Blueprint Ventures, the initial institutional investor in the company. Hoyem remains on the board.

From 1992 until 2004, Dr. Magistri was the president and CEO of InVision Technologies, Inc., the leading supplier of explosive detection systems (EDS) used to screen checked luggage in major airports around the world. The expansion of his role at Vidient illustrates the company's continued ability to attract high-quality executive talent. Earlier this year, technology veteran Steven H. Goldberg joined Vidient as president and CEO. Dr. Magistri will work with Goldberg and the rest of the Vidient leadership team to further accelerate the company's 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. Vidient's award-winning SmartCatch® product suite can automatically detect, identify and deter safety and security breaches in airports, subway stations, ports, utilities, government and corporate buildings and other public facilities.

"The team at Vidient has established itself as an innovative force in the video surveillance and analytics market, and I am confident in the strategy and direction we are pursuing," said Dr. Magistri. "We have tremendous insight into customer needs and the market opportunity and we believe strongly that our new family of video analytics network solutions will help accelerate the adoption of this technology and redefine how it is used."

Dr. Magistri was president and CEO of InVision Technologies for 12 years, from startup through IPO in 1996 to its acquisition by the General Electric Company in 2004. His in-depth expertise in security technology includes his leadership of InVision when it received its first FAA certification for its EDS product in 1994. In addition, Dr. Magistri led InVision through a massive ramp-up to support the 2001 Aviation Improvement Act which mandated the screening of checked baggage for all commercial air travel.

Dr. Magistri's management experience includes guiding InVision from a staff of 20 researchers when he joined the company in 1992 to more than 1,000 employees worldwide in 2004. In addition to his expertise in EDS, Dr. Magistri has extensive experience in high-precision tooling equipment and medical imaging. Dr. Magistri served on the Silicon Valley Blue Ribbon Task Force on Aviation Security in 2001, was named National Entrepreneur of the Year in the Defense and Security Category by Ernst & Young in 2003 and holds a diploma in electrical engineering and a doctorate in biomedical engineering, both from the Swiss Institute of Technology in Zurich.

Vidient's board of directors also includes Steven Goldberg, president and CEO, Vidient Systems, Inc.; George Hoyem, managing director, Blueprint Ventures; Skip Glass, venture partner, Canaan Partners; Peter Meekin, managing director, Trident Capital; and Masaru Sakamoto, vice president, corporate planning and marketing division, NEC Solutions 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. For more information, visit www.vidient.com.

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