Vitalstream (NASDAQ:VSTH)
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VitalStream, Inc. (NASDAQ:VSTH), the world leader in
audio and video streaming, today announced that it has named Michel
Maeso as the company's executive vice president of global sales and
marketing.
Maeso will oversee the company's worldwide sales and marketing
operations and is charged with expanding both global revenues and the
VitalStream(R) brand through a new aggressive sales and marketing
strategy. Maeso will report directly to VitalStream's chairman and
CEO, Jack Waterman.
Prior to joining VitalStream, Maeso was executive vice president
of worldwide sales for Packet Design, a leader in route analytics
technology for managing large IP networks. At Packet Design, he led
sales to both expand internationally and double revenues year over
year. He has also served as vice president of sales for Speedera
Networks, a provider of global outsourced Web infrastructure
solutions, cited twice by PriceWaterhouseCoopers as one of Silicon
Valley's 10 fastest-growing private companies. While at Speedera,
Maeso transformed its sales organization from a purely tele-sales team
to an enterprise selling organization, resulting in sales revenue
increase by multiples that helped fuel the company's rapid growth.
Speedera was acquired by Akamai Technologies in June 2005 in a stock
transaction reportedly valued at approximately $172 million at close.
Maeso replaces Michael Linos, who has assumed the role of the
company's vice president of strategic sales, reporting to Maeso.
Linos, who built VitalStream's sales team, will now focus on strategic
sales initiatives. Before joining VitalStream in 2003, Linos was vice
president of sales at NTT/Verio.
"VitalStream already provides the world's most popular content
providers with reliable, scalable, content delivery technology," said
Maeso. "The executive team shares my vision that the demand for
services to help companies monetize their content will continue to
increase rapidly. Our recent acquisition of in-stream ad solutions
provider Eonstreams enables us to provide a full solution to help
enterprises earn the most from their content. I am excited about
VitalStream's strategic position in this growth market."
"We brought Maeso on to continue the momentum of our sales team,
which has cultivated long-lasting relationships with several of the
world's leading content providers," said Jack Waterman, VitalStream's
chairman and CEO. "Maeso's experience and leadership will play a
critical role in ensuring that VitalStream continues to attract the
biggest names in entertainment and advertising, equipping them with a
premium solution and quality of service, contributing to our
consistent rapid growth."
Prior to joining Speedera, Maeso was recognized for outstanding
achievements in former positions with AT&T, BellSouth and PictureTel
Corporation. Earlier in his career, he served as vice president of
visual networks for Intellisys Group, the largest A/V integrator in
the US.
About VitalStream
VitalStream, Inc., a wholly owned subsidiary of VitalStream
Holdings, Inc. (Nasdaq:VSTH), is a global provider of integrated
content delivery services that enable businesses to broadcast digital
media and communications to worldwide audiences via the Internet. The
company provides complete solutions, including video and audio
streaming, advertising placement, delivery, reporting and analysis,
live event broadcasting, media asset management, integrated Web
hosting and consulting services, that seamlessly integrate with
today's leading streaming media technologies. To ensure a worldwide
reach, VitalStream engineered its award-winning content delivery
network certified for quality delivery in the United States, Europe
and Asia. For more information, visit www.vitalstream.com.
Forward-Looking Statements
This news release contains forward-looking statements made by
VitalStream in reliance upon the safe harbor provisions of Section 27A
of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements may include
statements addressing future financial and operational results of the
company. The following factors, among others, could cause actual
results to differ materially from those described in any
forward-looking statements: the risk that the company's revenue may
decrease on a quarter over quarter basis because of a slower than
projected growth in the demand for digital broadcast and streaming
services; the risks that our existing customers may cease to use or
reduce our services and/or may not use our services at the projected
rate; uncertainties regarding the future demand for our products and
services generally despite our recent infrastructure investments,
expansion into other markets, product enhancements and expansion of
our sales force; our new advertising product offerings are new and
evolving and may not predictably be accepted by the intended market of
customers, advertisers and end-users; we may be unable to keep up with
evolving industry standards and changing user needs; the risk that
acquired businesses or assets may be difficult to integrate or may not
have the benefits anticipated; the risk that we may experience
technical or security problems that injure our business or increase
our operating costs; and/or uncertainties regarding our ability to
pursue our proposed business strategy. More detailed information about
these factors and others are discussed in "Risk Factors" and elsewhere
in the Annual Report on Form 10-K of VitalStream Holdings, Inc. and
other documents periodically filed by VitalStream Holdings, Inc. with
the SEC. Such forward-looking statements speak only as of the date of
this release. The company is under no obligation and expressly
disclaims any obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise.
VitalStream is a registered trademarks of, VitalStream, Inc. All
other names or marks are the property of their respective owners.