World-Class Industry Leaders Join Polycom’s Executive Team

 Company : News : Press Releases : 2010 


Former Cisco Unified Communications Chief Technology Officer Appointed Polycom Chief Strategy and Technology Officer; Motorola GM of Home and Networks Mobility Software Appointed Polycom Chief Development Officer

Sep 20, 2010, PLEASANTON, Calif.

Polycom, Inc. (Nasdaq: PLCM), a global leader in unified communications (UC), today announced the addition of six seasoned business executives to its leadership team. The Company also announced the combination of its video, telepresence, and voice development units into a single, aligned research and development organization to tap the tremendous potential of the high-growth UC market.

In parallel with the alignment, Polycom will be forming three new lines of business (LOBs)-enterprise and government/public sector, service provider, and small-to-medium business (SMB)-focused on meeting the unique needs of customers in each of these fast-growing technology sectors. IDC reports that worldwide SMB information technology (IT) spending will grow to nearly $630 billion by 2014. In addition, Wainhouse Research forecasts the hosted and managed UC services market for North America, Europe, and Asia Pacific to reach approximately $6 billion by 2014.

The new executives will participate in leading the company through a period of expected significant growth. The appointments include:

  • Joseph Burton, SVP, Chief Strategy and Technology Officer, General Manager Enterprise and Service Provider. Burton served as Cisco's CTO for Unified Communications since 2007, encompassing video technologies, WebEx collaboration, call management, and social computing. Prior to that time, Burton was the Co-General Manager of Cisco's UC Software business unit. Previously, Burton held several key architecture-level positions at Cisco, Active Voice, and other technology leaders.
  • Sudhakar Ramakrishna, SVP and General Manager Products, and Chief Development Officer. Ramakrishna brings a wealth of strategy and execution experience. He will join Polycom on October 11 from Motorola where he is Corporate VP and GM for Wireless Broadband Access Solutions and Software Operations. Ramakrishna has been instrumental in scaling the 4G (WiMAX and LTE) business and leading large multi-function teams of more than 2,300 employees and businesses across the globe. Previously, Ramakrishna was the VP of Product Operations at Stoke Networks and has held various senior management roles at 3Com and other companies.
  • Susan Hayden, EVP and General Manager, Polycom SMB. Hayden, a proven strategist and go-to-market leader who is well-known for building and expanding large-scale global operations in technology companies, will direct Polycom's LOB strategy. Previously, she was Group VP of Sales for OracleDirect, where she transformed the unit into a fast-growing SMB/Mid-market revenue engine for Oracle. At SAP, Hayden was responsible for go-to-market strategy and sales optimization for SAP HR and Service Industries. She also held management positions at Fidelity, Dun and Bradstreet Software, and Monster.com.
  • Alan Rudolph, SVP, Global Services. Prior to Polycom, Rudolph served as SVP Applications Management and Consulting for Affiliated Computer Services (ACS), a Xerox Company, where he played a key role in transitioning the company to a services-focused organization. Prior to Xerox, Rudolph ran Global Application Product Delivery for IBM. Previously, Rudolph held various executive and management positions in business applications and operations for Corio, Oracle, and other technology leaders.
  • Gary Rider, President, Europe, Middle East, and Africa (EMEA). Rider will complement Polycom's existing Theater Presidents in the Americas and Asia Pacific. Previously, Rider was VP of Europe Global Sales & Marketing for NCR, where he was responsible for $1.3B in annual sales. Prior to that, Rider held senior sales management positions for HP and Digital Equipment.
  • Ashley Goldsmith, SVP, Human Resources. Goldsmith comes to Polycom from F. Hoffmann-La Roche, where she was SVP, Human Resources, for their Tissue Diagnostics Division. Prior to that, she was SVP, Human Resources, for Ventana Medical Systems (later acquired by F. Hoffman-La Roche). Previously, Goldsmith gained increasing human resources management responsibility at The Home Depot, where she led HR for divisions comprising more than 100,000 employees and generating more than $25B in annual revenues.

"Polycom grew sharply in the first-half of 2010 to a $1.2B revenue run-rate, and we expect this growth to continue into 2011 and beyond," said Andy Miller, Polycom president and CEO. "Unified Communications is expected to be one of the fastest-growing sectors in technology, and Polycom is ideally positioned to deliver innovative solutions for our customers and strategic partners. To best capture this unprecedented opportunity, we have assembled a management team that is one of the best in technology. By blending the video and voice development teams into one powerhouse UC innovation engine, we will further increase our agility and enable efficiencies in R&D. Additionally, the LOB structure allows us to better anticipate and deliver on our customer and partner needs."

Polycom also announced that Joe Sigrist, previously SVP and General Manager of Video Solutions, has left the company.

About Polycom
Polycom, Inc. (Nasdaq: PLCM) is a global leader in unified communications solutions with industry-leading telepresence, video, voice and infrastructure solutions built on open standards. Polycom powers smarter conversations, transforming lives and businesses worldwide. Please visit www.polycom.com for more information or connect with Polycom on Twitter, Facebook, and LinkedIn.

This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 regarding future events, future demand for our products, and the future performance of the Company, including statements regarding future expected significant growth for the Company, expected future revenue growth into 2011 and beyond, Unified Communications as expected to be one of the fastest-growing sectors in technology, Polycom as ideally positioned to deliver solutions to customers and partners, the agility and efficiencies in R&D expected to result from blending the Company's voice and video development teams and the anticipated benefits of our new LOB structure. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the fact that formation of new lines of business and the combination of our product solutions R&D teams may not yield the intended results or may take longer than originally anticipated to achieve such results, the fact that it may take longer than anticipated for our new executives to implement changes to the business that contribute to Polycom's future growth and the organization may suffer disruption during the transition period under new leadership, the impact of competition on our product sales and for our customers and partners, the impact of increased competition due to consolidation in our industry or competition from companies that are larger or that have greater resources than we do, potential fluctuations in results and future growth rates, risks associated with general economic conditions, the market acceptance of Polycom's products and changing market demands, including demands for differing technologies or product and services offerings, possible delays in the development, availability and shipment of new products, increasing costs and differing uses of capital, changes in key personnel and the impact of future restructuring actions that may cause disruption to the business, and the impact of global conflicts such as those in the Middle East that may adversely impact our business. Many of these risks and uncertainties are discussed in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2010, and in other reports filed by Polycom with the SEC. Polycom disclaims any intent or obligations to update these forward-looking statements.

© 2010 Polycom, Inc. All rights reserved. POLYCOM®, the Polycom "Triangles" logo and the names and marks associated with Polycom's products are trademarks and/or service marks of Polycom, Inc. and are registered and/or common law marks in the United States and various other countries. All other trademarks are property of their respective owners.

 

Contacts:

Michael R. Kourey CFO Polycom, Inc. Tel: 925-924-5742 mkourey@polycom.com