NASHUA, N.H., Sept. 8, 2011 /PRNewswire/ -- VGo Communications, the leader in robotic telepresence, announced the appointment of Peter N. Vicars as President and CEO, effective immediately.
Mr. Vicars will lead the company in its next phase of revenue growth, expansion into new markets and new capital financing. Over the past year, the cross functional senior management team has managed the successful introduction of VGo's first solution into the business market for robotic telepresence.
A seasoned executive, Mr. Vicars has served as CEO for seven companies, both public and private, including Chantry Networks, Cayman Systems, and Tekelec. As CEO, he has raised over $90 million in venture capital financing and substantially increased shareholder value.
"We are delighted to have attracted a leader of Peter's caliber and track record to capitalize on the company's strong position," said Nina Saberi, general partner at Castile Ventures and chairman of VGo. "Peter brings an ideal skill set and experience base to lead VGo as it builds on its early market prominence and scales towards broad market adoption."
With a deep passion for break-through technology, Mr. Vicars has run established businesses, as well as early stage companies. Most recently, Mr. Vicars led Heavy Lift Systems, an innovative clean-tech business for which he successfully secured DOE grant funding. He has also served as an independent director for a number of early-stage businesses.
"I am very excited by the opportunity with VGo," said Mr. Vicars. "It's rare to find a technology that will not only change people's lives but also is such a delight for its users. With a great first solution and the lead in this new product category, VGo is well positioned to dominate the market. I look forward to leading this talented team as we grow the market, the company, and our profits."
With the VGo solution, an individual's presence is replicated in a distant location such that they can interact and perform their job in ways not previously possible. Now they can see, be seen, hear, be heard and move around in any remote facility – just as if they were there. VGo will enable: businesses to increase productivity of remote and travelling employees, healthcare providers to deliver lower cost services and improved quality of care, and homebound students to attend school – all with a great user experience and at an affordable price.
For more information go to www.vgocom.com.
VGo Communications, Inc. develops and markets visual communications solutions for the workplace. The company was founded in 2007 by experienced successful veterans of the visual communications and robotics industries. VGo is VC backed and is based in Nashua, NH. The company is leveraging the recent trends of widespread wireless high speed networks, lower specialized component costs and the universal acceptance of video as a communications medium to create a new market category called "Robotic Telepresence."
SOURCE VGo Communications, Inc.