Pexip CEO Passes the Baton for Next Phase of Growth

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OSLO, Norway -- Oct. 19, 2015 -- Pexip(R), a leading innovator in scalable, distributed collaboration software, today announced that Åsmund O. Fodstad, formerly EVP of Global Sales and Marketing at Pexip, has been appointed CEO. Former CEO and Co-founder Simen Teigre will join the company's Board of Directors and, through a transition period, serve as Special Advisor to the CEO.

Åsmund O. Fodstad joined Pexip in April 2013 and has been EVP of Global Sales and Marketing since January 2014. Prior to joining Pexip, he acquired 20 years of leadership experience working at companies such as Tandberg, REC, and projectiondesign, and as General Manager for SuperOffice. Fodstad has extensive experience building global sales, marketing, and distribution networks. Based in Hong Kong, he developed Tandberg's APAC business and led REC's global sales beyond a billion dollars. In his New York-based sales leadership role at Pexip, he built a high-performing global sales operation and delivered strong commercial results for the company.

"I am deeply honored to be appointed CEO," said Åsmund O. Fodstad. "Pexip is enjoying tremendous momentum in the market, and in my new role I am fully committed to taking Pexip to even greater heights."

Since the incorporation of Pexip in April 2012, the company has experienced explosive growth and adoption of its innovative collaboration software in the global market. Fortune 500 companies across every vertical, leading education institutions, and public organizations have embraced the Pexip Infinity solution at record speed. Pexip customers are now using the Pexip Infinity platform at a rate of 100 million minutes annually, double the amount from just 6 months ago. With recurring revenue growing at a rate of more than 300 percent YoY, with presence in 15 countries on five continents, and customers in more than 50 countries around the world, Pexip has become a successful disruptor and challenger to the collaboration incumbents.

"It has been an incredible journey with the Pexip team over the past three-and-a-half years, building Pexip from the ground up to become a global disruptor in collaboration software," said Simen Teigre, Co-founder and former CEO of Pexip. "But being CEO of a high-tech startup is like running a sprint where the distance is a marathon -- the race is thus best run as a relay. As CEO, I believe the time is now right to pass on the leadership baton."

"Pexip's results under Simen's leadership have been impressive," said Bengt Thuresson, Chairman at Pexip. "He has done a stellar job building the company and leading the Pexip team up to this stage. With a strong management team in place, the strongest CEO candidate for the next phase was already onboard. We are extremely excited that Åsmund has accepted the challenge to lead the company through the next phase as CEO." 

Pexip's award-winning Infinity platform allows organizations to offer video, audio, and Web-based collaboration solutions to every employee via existing IT and cloud infrastructures. Built on a purely software-based and hugely scalable architecture, the platform is quick and easy to install, deploy, operate, and manage, allowing customers to capitalize on their existing investments, to create truly seamless virtual collaboration environments. As a result, users can collaborate using any platform including Microsoft(R) Lync(R), Skype(TM) for Business, Skype, other soft clients, audio or videoconferencing systems, every major Web browser, or personal devices such as smartphones, tablets, and PCs -- providing high-quality visual communications to any user working from anywhere.

For additional information on Pexip Infinity or to test drive the latest release, visit www.pexip.com/drive.

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About Pexip(R)
Pexip(R) overthrows conventional thinking by providing an affordable, scalable, and virtualized meeting platform that truly enables everyone to do high-quality video, audio or web meetings from any device. For Pexip, simplicity for the end user and scalability for IT are guiding principles in the design of Pexip Infinity, the scalable meeting platform. Founded in 2012, Pexip was created by leading innovators from the videoconferencing industry. Pexip is headquartered in Oslo, Norway, and has offices in New York and London. For more information, visit www.pexip.com

PR Link:http://www.pexip.com/article/press-release/pexip-ceo-passes-baton-next-phase-growth

Photo Link:www.ingearpr.com/Pexip/Pexip_Asmund_Fodstad.jpg

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