SOURCE: VidSoft Inc.

February 05, 2007 09:00 ET

VidSoft Completes Its Acquisition of VidSoft GmbH

Names Scott Sullivan as CEO

CAMBRIDGE, MA -- (MARKET WIRE) -- February 5, 2007 -- VidSoft Inc., a global provider of IP-based multimedia-rich communication solutions, today announced that it has completed its acquisition of VidSoft GmbH.

VidSoft, Inc. was originally formed as the North American sales and marketing arm for Germany's VidSoft GmbH. With global reach, the newly combined company boasts a seasoned leadership team and a client list that includes some of the world's most well-known brands.

Scott Sullivan, former COO of Meridio, has been named VidSoft's Chief Executive Officer. Mr. Sullivan will draw on many years of executive-level experience to successfully increase the Company's profitability and forge strategic partner alliances, while maintaining a high commitment to product innovation and development.

Sascha Kümmel, co-founder of VidSoft GmbH, will serve as CTO for VidSoft. Mr. Kümmel and the other founders began developing VidSoft's intellectual property and technologies more than 10 years ago at the University of Dresden ("TU Dresden").

"VidSoft is more than a Video Conferencing and Collaboration solution. We provide much of the functionality companies need to achieve a Unified Communications Platform that combines voice, video and data interactions in one easy-to-use desktop interface," said Sullivan. "Analysts such as Gartner and Wainhouse Research agree that a radical movement is underway within this sector of the market. In preparation, we are committed to building a healthy business and strengthening our position in the market."

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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