Sydney, Australia (August 3, 2011)–Audinate has elected David Krall as chairman of its board of directors.
Krall’s election as chairman comes as Audinate completed its most recent fiscal year (ending June 30, 2011) with almost double its revenues from the prior year. Krall originally joined Audinate’s board of directors earlier this year, and currently serves as Executive Chair of QSecure in addition to serving on the board of directors of Progress Software.
Krall most recently served as President and COO of Roku, a manufacturer of streaming entertainment devices for the TV, and is the former CEO of Avid Technology, Inc.,where under his leadership, Avid doubled its revenues to just under $1 Billion annually, introduced new products in its core businesses, and expanded into new markets through organic growth and strategic acquisitions. In addition to his board roles, Krall currently serves as a strategic advisor to a number of startups, including Roku, Universal Audio, and GrapeGenie.
“Audinate’s board of directors is integral to our ability to execute our growth strategy, and having someone with David’s industry background as our chair will be a tremendous asset,” said Lee Ellison, president and CEO of Audinate. “David Krall’s diverse background in developing companies who are in the start-up’s high-growth phase, as well as large publically traded companies, will be a major benefit for Audinate moving forward.”
“What first attracted me to Audinate was their advanced technology offering, allowing customers to send audio and video signals synchronously across standard IT networks,” said David Krall, ”but what has impressed me most since joining the board has been the strength of the team behind this offering. Audinate definitely can compete at any weight class, and I think they have a tremendous opportunity to make a big contribution to this industry.”