Leading Australian Investment Banker and Investor John Wylie Joins Pexip Board of Directors
Joins Pexip Board Alongside Leading Norwegian Entrepreneur and Investor Espen Fjogstad to Further Fuel Long-term Growth and Success
July 8, 2015

OSLO, Norway — Pexip®, a leading innovator in scalable, distributed visual collaboration software, today announced that John Wylie has joined Pexip’s Board of Directors and invested in the company. He joins at the same time as Espen Fjogstad, chairman of Pexip’s leading investor Stavanger Venture. Wylie and Fjogstad will further strengthen Pexip’s board and position the company for future growth and success.

Wylie brings a wealth of experience in venture investments, business management and leadership worldwide, and will take an active role in the company’s strategic direction through his ownership position and role as a Director of the Board. Wylie was Managing Director of Credit Suisse First Boston Australia from 1994 to 1999, and then formed Carnegie Wylie in 2000, an investment boutique firm that was acquired by Lazard (NYSE: LAZ) in 2007. He has since served as CEO of Lazard Australia until he stepped down in 2014 to form a new investment firm. Wylie’s advice has been sought by many governments and leading companies in Australia and around the world. Wylie is also passionate about sports and currently holds the position as Chairman of the Australian Sports Commission among several others.

“We are extremely pleased to welcome John to the Pexip team,” said Simen Teigre, CEO and Co-founder of Pexip. “His incredible track record speaks for itself, his leadership skills and business acumen have been instrumental in the success of major financial projects and privatizations of companies around the world, as well as helped numerous startups to become great successes over the years. We look forward to his guidance as we continue to grow Pexip into a global force within the visual communications and enterprise collaboration marketplace.”

“I am very impressed by the vision, the people, the technology and innovative culture of the company,” said Wylie. “Their growth since the company’s inception just three years ago has been equally remarkable. I am a firm believer that Pexip is ready to take their market presence to the next level and look forward to playing a direct role in its success. They have developed clearly the world’s best and most innovative video technology. My decision to invest in the company to further fuel its fast growth was an easy one. Pexip is experiencing strong momentum in the market, signing up more than 150 new enterprise customers in the first half of 2015 alone, growing its recurring revenue at a rate of more than 300%. Its clients include several of the world’s largest and most influential companies.”

Wylie was elected a board member of Pexip on June 22nd 2015. At the same time, he made an equity investment of USD 5 million in the company through a private placement, taking the total equity raised by Pexip to USD 30 million.

At the same time, Espen Fjogstad, who also serves as chairman of Stavanger Venture, Pexip’s leading investor, was elected to the board of Pexip. Fjogstad brings a wealth of experience in entrepreneurship and venture investments, having been a founding member of numerous successful companies such as Global IP Sound (acquired by Google in 2010), Sonorit (acquired by Skype/eBay in 2006, Telio (listed on the Oslo Stock Exchange (OSE) in 2006) and CrudeCorp (listed on OSE in 2012). Fjogstad has, through Stavanger Venture, been the leading investor in Pexip since its inception in 2012. Electing Fjogstad to serve on the Board of Directors formalizes the already strong relationship, and greatly contributes to position Pexip for future success, enabling the company to capitalize on Fjogstad’s formidable experience.

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 pure 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® Lync®, Skype™ 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.