Vidient Announces New CEO, Expands Management Team

Steve Goldberg to lead video analytics provider, McChesney to stay on developing partnerships for surveillance technology company


Sunnyvale, Calif., Jan. 31, 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 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 2004, 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 sytems, 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 premiere 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. Mr. Goldberg was also previously 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.

This content continues onto the next page...