Michael Lock Joins Virage as Senior Vice President of Worldwide Sales
Former Oracle Executive Joins Virage's Senior Management Team
SAN MATEO, Calif - Jan. 23, 2001 - Virage, Inc. [NASDAQ: VRGE], a leading provider of software products and application services that enable video for strategic online applications, today announced the appointment of Michael Lock as Senior Vice President of Worldwide Sales. Lock has spent 15 years in the technology industry and has extensive experience in the areas of high-end direct sales, telesales, partner sales, Internet sales, marketing and general management.
Most recently, Lock served as Vice President of Sales and Marketing for a division of Oracle Corporation. During his tenure, his division grew from $70 million to $315 million. He built a new field sales organization, established both inbound and outbound call centers, created a partner selling channel and developed a $30 million e-commerce business by selling directly over the Internet. "I have joined Virage because of their clear leadership position in the online video industry," said Lock. "With the proven success of the Virage technology, outstanding customer base and strong partner affiliations, my management skills will help Virage to execute its strategies and achieve substantial and sustained growth."
"Michael's experience is in building effective sales organizations in high growth companies and will be very valuable to us as Virage expands its role worldwide as a dominate player in the digital media market," said Paul Lego, president and CEO of Virage, Inc. "With continuous advances in our technology that cater to the needs of our broad range of customers, Michael's management and sales skills will help drive Virage further into untapped areas of the US and world markets. We are very pleased to have Michael Lock on the Virage team."
Lock started his sales career at IBM where he held sales and management positions selling into mid-market accounts and then into Fortune 500 accounts. He was awarded the Top Rookie Salesman award in 1988 and attended 3 golden circles in his five years on territory. Lock also enjoyed successful sales and general management roles at Dun and Bradstreet Software, JD Edwards and Drake International. He currently sits on the board of advisors for Market Partners, a customer acquisition management software company and has also run his own consulting company advising software startups on a wide variety of sales and marketing issues. Lock holds a Bachelor of Business Administration, from Wilfrid Laurier University in Waterloo, Ontario, Canada.
About Virage, Inc.
Headquartered in San Mateo, California, Virage is the leading provider of solutions that enable video for strategic online applications. The Virage Video Application Platform transforms video into an effective online medium that is easy to publish, manage and distribute on the Internet or corporate intranets. The Virage platform provides content owners with the complete infrastructure for seamlessly integrating streaming video into business, entertainment and information applications. From ABC to Yahoo! over 200 customers across a broad range of markets have turned to Virage to help them improve production efficiencies and create new revenue opportunities with video. Contact Virage at http://www.virage.com/ or (650) 573-3210.
This press release contains "forward looking" statements about the products and services of Virage, as that term is used in Section 21E of the Securities Exchange Act of 1934. Forward looking statements are denoted by such words as "will" or "intends to" and similar terms and phrases. These types of statements address matters that are subject to risks and uncertainties which could cause actual results to differ materially. In addition, our forward-looking statements should be considered in the context of other risk factors discussed in our filings with the Securities and Exchange Commission, including our Registration Statement on Form S-1, as amended, available online at www.sec.gov. All forward looking statements are based on information available to the company on the date hereof, and the company assumes no obligation to update such statements.
Virage, VideoLogger and the Virage logo are registered trademarks and, Internet Video Guide, Virage Application Server and SmartEncode are trademarks of Virage, Inc. Other company product and service names may be trademarks or service marks of others, and are hereby acknowledged.
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