09.07.2007 11:00:00
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Avistar Appoints Simon Moss to New Role as President
Avistar Communications Corp. (NASDAQ:AVSR), a desktop video
collaboration platform provider, today announced that Simon Moss will
join the company as its new President, effective July 16, 2007. Moss
will have global responsibility for all of Avistar’s
products and services. Gerald J. Burnett will continue to serve as CEO
and Chairman.
"With its innovative desktop video solution
and extensive intellectual property portfolio, Avistar is poised for
rapid growth,” said Burnett. "Simon’s
global experience and winning record will play a vital role in Avistar’s
bid to seize a leadership position in the burgeoning market for Unified
Communications. By focusing on our products and services, Simon will
help Avistar pursue this vision.”
"The desire for improved productivity in today's highly competitive
global marketplace continues to accelerate," said Bob Egan, Chief
Analyst, The TowerGroup, Inc. "In light of this, businesses are
increasingly demanding solutions that allow employees to communicate and
collaborate quickly and effectively with dispersed teams. Since visual
communications are a particularly high-quality form of communication,
enterprises would be well advised to consider video solutions as a key
component of their Unified Communications strategy."
In a career spanning two decades, Moss brings to Avistar deep experience
and a track record of success in building, organizing and growing global
software companies. He comes to Avistar from a four-year role as CEO of
Mantas, Inc., where he was responsible for simultaneously growing
revenues and profits and positioning the firm as the recognized world
leader in its field.
"Avistar is an innovator of global, integrated
desktop communications,” said Moss. "With
a combination of technology that can only be described as market leading
in its speed, quality and robustness, a strong global team supporting an
amazingly powerful patent portfolio, and a marketplace that is
increasingly demanding more effective, productive interaction both
within and between organizations and their customers, I believe Avistar
has a bright and exciting future ahead of it. I am extremely pleased to
have this unique opportunity to contribute to the company’s
success at this point in its development.” About Avistar Communications Corporation
Avistar Communications Corporation develops, markets, and supports a
video over-IP collaboration platform for the enterprise, all powered by
the AvistarVOS™ software. From the desktop,
Avistar delivers business-quality video calling, recording, publishing
to web and e-mails, video-on-demand, broadcast origination and
distribution, and document sharing. Avistar video-enables business
processes by integrating visual communications into the daily workflow
and connecting communities of users within and across enterprises.
Founded in 1993, Avistar is headquartered in San Mateo, California, with
offices in New York and London. Avistar’s
technology is used in more than 40 countries.
Collaboration Properties, Inc. (CPI) is a wholly owned subsidiary of
Avistar Communications Corporation. CPI develops patents for
presence-based interactions, wireless communications, desktop video,
recorded and live media at the desktop, multimedia documents, data
sharing, and a service-rich video network architecture. It holds a
current portfolio of 76 patents for inventions in the primary areas of
video and network technology. CPI offers licenses to its patent
portfolio and Avistar’s video-enabling
technologies to companies in the video conferencing, rich-media
services, public networking, and related industries. Current licensees
include Sony Corporation, Polycom, Inc., Tandberg ASA, RADVISION and
Emblaze-VCON.
Forward Looking Statements
Statements made in this news release that are not purely historical,
including but not limited to statements regarding Avistar’s
future growth and the impact of Mr. Moss on Avistar’s
ability to pursue and achieve its goals are forward-looking statements
within the meaning of Section 21E of the Securities Exchange Act. Such
statements are subject to risks and uncertainties that could cause
actual results to differ materially, including such factors, among
others, as market acceptance of Avistar’s
products and services, changes in the perceived market opportunity,
competition and technological change. As a result of these and other
factors, Avistar expects to experience significant fluctuations in
revenue and operating results, and there can be no assurance that
Avistar will become or remain profitable in the future, or that its
future results will meet expectations. These and other risk factors are
discussed in Avistar’s Annual Report on Form
10-K and Quarterly Reports on Form 10-Q filed with the Securities and
Exchange Commission from time to time. Avistar disclaims any intent or
obligation to update these forward-looking statements.
Copyright (c) 2007 Avistar Communications Corporation. All rights
reserved. Avistar and the Avistar logo are trademarks or registered
trademarks of Avistar Communications Corporation. All trademarks, trade
names, service marks, and logos referenced herein belong to their
respective companies.
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