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Sereda Named Active Video Networks CFO

San Jose, Calif. – Brian Sereda, formerly Virage Logic chief
financial officer and finance VP, has been named chief financial officer of

ActiveVideo Networks

, developers
of the CloudTV app platform.

Sereda, who has more than two decades of financial management
experience in Silicon Valley, most recently helped Virage Logic through its
successful acquisition by Synopsys.

He has held senior financial roles in a number of other market
areas, including software, semiconductors, networking equipment and CE devices.

“Brian comes to ActiveVideo with a lifetime of experience in the
finance of rapid growth technology ventures,” said Jeff Miller, ActiveVideo
Network president and CEO.  “Brian’s
financial expertise coupled with his operational acumen and passion for the
changes occurring in the video delivery market makes him the ideal choice for ActiveVideo
as we scale our company to serve the expanding market.”

 Prior to his tenure with
VirageLogic, Sereda had spent two years as chief financial officer and treasurer
at Proxim Wireless.

Sereda also served as VP of finance and corporate controller for
Portal Software, and has held senior financial management positions with
Credence Systems, Handspring, Sygen International and Lam Research.