NJ based Vidyo, which provides a software-based, interoperable service allowing companies with various disparate video conferencing systems to communicate with one another, has announced the launch of VidyoWay. The new system provides free, multi-vendor and multi-party video conferencing. VidyoWay lets companies connect their own video conferencing systems with those from industry leaders Cisco, Polycom, and Lifesize, as well as other H.323 and SIP-based room systems, Microsoft Lync clients, and mobile devices. The meetings are cloud-based, which the company hopes will attract new users to its traditional VidyoConferencing system.
CEO Ofer Shapiro told TechCrunch.com that the company had grown revenue 80% from 2010 through 2011, and saw revenues in the first quarter increase 90% year-over-year. It now has more than 1,850 customers that have deployed its hardware, as well as 25 service providers and 300 resellers globally making sales for it.