ActiveVideo Networks Names Brian Sereda as CFO

SAN JOSE, Calif., Nov. 14, 2011 /PRNewswire/ -- ActiveVideo Networks™, creators of CloudTV™, the cloud-based app platform, today announced that Brian Sereda has joined the company as Chief Financial Officer.

Sereda, who has more than two decades of financial management experience in Silicon Valley, brings to ActiveVideo a diverse portfolio of experience in the technology industry.  Most recently he was vice president of finance and CFO of Virage Logic, seeing it through to a successful acquisition by Synopsys.  Additionally, Sereda has held senior financial roles in such market areas as software, semiconductors, networking equipment and CE devices.

"Brian comes to ActiveVideo with a lifetime of experience in the finance of rapid growth technology ventures," said Jeff Miller, president and CEO of ActiveVideo Networks.  "Brian's financial expertise coupled with his operational acumen and passion for the changes occurring in the video delivery market makes him the ideal choice for ActiveVideo as we scale our company to serve the expanding market."

Prior to his tenure with Virage Logic, Sereda had spent two years as CFO and Treasurer at Proxim Wireless.  Sereda also served as vice president of finance and corporate controller for Portal Software, and has held senior financial management positions with Credence Systems Corp., Handspring Inc., Sygen International, and Lam Research.

Sereda holds an MBA from St. Mary's College of California, a BSBA from Simon Fraser University in Vancouver, British Columbia, and a Diploma of Technology in Petroleum Engineering from the British Columbia Institute of Technology in Vancouver.

About ActiveVideo Networks
ActiveVideo Networks™ has created CloudTV™, a new apps platform that enables the development and streaming of Smart TV apps to any screen, box, or device.  CloudTV places smart TV application intelligence in the network, rather than the end user device, to power an open development and publishing environment for content creators, service providers and CE manufacturers to quickly and easily create new television experiences for their viewers.  CloudTV simply and efficiently allows limitless content -- including TV Apps, web-to-TV apps, personalized iVOD navigation, and social media sharing and recommendations -- to be delivered uniformly to every cable and IPTV set-top, CI+ enabled television, mobile device, and broadband-connected CE device. ActiveVideo Networks is based in the heart of Silicon Valley, with offices in Los Angeles and Hilversum, the Netherlands. For more information, visit www.activevideo.com; find us at www.facebook.com/ActiveVideoNetworks; follow us at www.twitter.com/activevideo; view our videos at www.youtube.com/AVCloudTV.

SOURCE ActiveVideo Networks