Andrew R. Pettit Joins Avistar as Sales Manager, Financial Services.Business Editors REDWOOD SHORES, Calif.--(BUSINESS WIRE)--Sept. 5, 2002 Avistar Communications Corporation (Nasdaq:AVSR (Audio Visual Speech Recognition) Using lip reading software to enhance speech recognition. In noisy environments where a camera can be included, AVSR improves the computer's ability to recognize the speaker's words by visually tracking lip movement and ), the leading provider of enterprise video communication solutions, today announced the appointment of Andrew R. Pettit as Sales Manager, Financial Services. Based in the company's New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of office, Pettit will shape, implement and manage Avistar's sales strategy and operations in the financial services industry. Pettit was most recently Divisional Vice President, Banking-Finance-Insurance Solutions at Computer Associates International Inc., where he managed sales, marketing, and partnership strategies for the financial services vertical. Prior to joining Computer Associates, he served as Managing Director of ING Barings LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and as Executive VP of ING Institutional Trust Company, where he created and managed the agency securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. business and developed a unique trading and risk management platform. Pettit spent eight years in equities and fixed income sales at Lehman Brothers, becoming Senior VP and Global Sales Manager of Fixed Income Funding and President of Lehman Brothers Trust Company, where he built an agency securities lending business. He earned a B.S. in economics from the Wharton School of the University of Pennsylvania The Wharton School is the business school of University of Pennsylvania in Philadelphia, Pennsylvania. It was established in 1881 through a donation of Joseph Wharton, making it the world’s oldest business school. and attended graduate school at the University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission . "Andy's market expertise, gleaned from years working in and selling to the financial services industry, will be invaluable as Avistar video-enables key business applications at financial services firms," said Jim Hughes, President of Avistar Communications Corporation. "We expect Andy will help accelerate our establishment of enterprise video as an everyday, mission-critical application in this market." "Because of my background in this industry, it's clear to me how Avistar's technology can transform the way our customers conduct business on trading floors and in executive suites around the world," said Pettit. "I'm excited to be part of the team that's bringing this capability to market." About Avistar Communications Corporation Avistar develops, markets and supports the Avistar vBusiness(TM) integrated suite of video-enabled applications, all powered by the AvistarVOS(TM) software. Avistar integrates video communications into day-to-day business process applications. From the desktop, Avistar delivers TV-quality video calling, recording, publishing, video-on-demand, broadcast, and document sharing. Founded in 1993, Avistar Communications Corporation (Nasdaq:AVSR) is headquartered in Redwood Shores, California Redwood Shores is an upscale and desirable [1] waterfront neighborhood on the San Francisco Peninsula in California. It is located on the eastern edge of Belmont, but is actually part of incorporated Redwood City. , with sales offices in New York and London. Collaboration Properties, Inc Collaboration Properties, Inc. (CPI) is a wholly owned subsidiary of Avistar Communications Corporation. It holds US and foreign patents in the primary areas of presence-based interactions, desktop video, recorded and live media at the desktop, multimedia documents, data sharing, ., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Avistar Communications Corporation, holds a broad portfolio of patents covering the AvistarVOS platform as well as multiple software and hardware video collaboration products. Avistar, AvistarVOS, Avistar vBusiness and the Avistar logo are trademarks or registered trademarks of Avistar Communications Corporation. |
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