Cambridge, MA June 26, 2006 - IntelliVid Corporation, the leader in intelligent video analysis software for retail loss prevention, today announced that Fred Edling has joined the company as chief financial officer.

Edling brings more than 20 years of diverse financial management experience to the company. Before joining IntelliVid he served as the CFO of Thomson Financial. During his tenure as a member of Thomson's Executive Operating Committee, the company grew in excess of 20 percent annually over a five-year period. Prior to Thomson, he served as controller for Sanofi, Inc. and assistant controller for CBS Inc. Edling has a bachelor's degree in accounting from Pennsylvania State University and is a certified public accountant.

Patrick Sobalvarro, president and CEO of IntelliVid stated, "Fred is highly regarded in the industry. As we continue our growth, it is vital that we have someone of Fred's abilities on board who has worked with world-class customers to help meet our objectives. We are pleased to add his extensive financial management experience, strategic insight and broad understanding of knowledge-based business to our team."

"I'm excited to join this growing company," said Edling. "IntelliVid is an innovative company with truly impressive technology, world-class engineers, and an experienced management team. I look forward to contributing to the company's success."

About IntelliVid
IntelliVid provides intelligent video analysis solutions for the retail industry. Its Video Investigator software unleashes the full potential of existing surveillance systems, transforming them from passive recording devices into proactive theft prevention and store intelligence solutions. Video Investigator delivers bottom-line benefits to forward-thinking retailers. It automatically monitors store activities, and reveals important events to personnel, eliminating the time-consuming tasks of manually monitoring and searching surveillance video. It will also serve as a platform providing unprecedented insights into customer traffic, stock-outs, merchandising effectiveness and more.

Headquartered in Cambridge, Massachusetts, IntelliVid is backed by Intel Capital, Flagship Ventures, Egan-Managed Capital, and DFJ New England. Its customers include leaders in the department store, mass merchandise, and chain drug store segments.

All companies and products listed herein are trademarks or registered trademarks of their respective holders.

CONTACT:
George Cohen
George Cohen Communications
(617) 325-0011
george@gccpr.com

Back to top
Back to Press Releases