Vubiquity announces CEO transition
Ramu Potarazu, founder and CEO of Reston-based Vubiquity, is stepping down as the company’s CEO on April 1. He’ll then become vice chairman of Vubiquity’s board of directors and join investor Columbia Capital as a venture partner.
“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,” Potarazu said in a statement. “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.”
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.
Potarazu guided Vubiquity, formerly Avail-TVN, through five acquisitions in seven years.
Vubiquity is the largest global provider of multiplatform video services.