Vubiquity Announces CEO Transition Current CEO & Founder Ramu Potarazu to Become Vice Chairman of Board and Assist with CEO Search and Transition
RESTON, Va., March 22, 2013 /PRNewswire/ -- Ramu Potarazu, founder and CEO of Vubiquity – formerly Avail-TVN – the largest global provider of multiplatform video services, today announced that he will transition to the vice chairman role on Vubiquity's Board of Directors, and will join investor Columbia Capital as a venture partner. He will assume his new role effective April 1. During the search for a replacement, Potarazu's duties will be handled by The Office of the CEO – a group consisting of Vubiquity's president, Doug Sylvester; CFO Bill Arendt; and Chairman of the Board Phil Herget.
"I'm extremely proud of the work the Vubiquity team has done over the past seven years. We've created not just a company, but a global market leader," said Potarazu. "This company's best resources have been its employees and our strong relationships with a stellar roster of customers. Now is the proper time for me to take on a steward role on the Board as Vubiquity moves to the next level."
After guiding the company through five acquisitions in seven years and leading an executive team that has made Vubiquity a global leader in the multiplatform video services market, Potarazu will move to Columbia Capital as a venture partner. He will continue to serve on the Vubiquity Board.
"Under Ramu Potarazu's leadership, Vubiquity has grown into the global leader in the multiplatform video services space," said Phil Herget, chairman of Vubiquity's Board of Directors and partner at Columbia Capital. "Through his hard work and tremendous energy, Ramu has led the company to a very good position in a growing and dynamic industry. He has demonstrated that he is a true entrepreneur. I'm very pleased that Ramu will remain engaged with Vubiquity through his new role as Vice Chairman of the Board. On a personal note, I'm also happy he will be joining Columbia Capital as a venture partner, bringing his expertise in managing and mentoring companies to our portfolio."
Vubiquity is the largest global provider of multiplatform video services, working closely with both content owners and service providers to meet consumers' evolving demands for anytime, anywhere access to content. Through our experience, expertise, cross-industry relationships and technology platforms, we help our customers more quickly and efficiently connect to and monetize opportunity in the "connected consumer era." For more information, please visit http://www.vubiquity.com.