Appointment of enterprise software and online services veteran is expected to accelerate growth in revenue and subscribers of Yugmaâ??s instant web conferencing solutions

MINNEAPOLIS (December 02, 2008) –

Yugma, the leading web conferencing service that lets people connect and collaborate instantly using the Internet, announced the appointment of Vas Bhandarkar as Chief Executive Officer.

Vas has more than 20 years of experience in leading and accelerating the growth of high-technology software and online services companies in Silicon Valley and India. As CEO of Unimobile, he rapidly grew the customer base from under 5000 to over 1.3m consumers and put the company on the path to profitability. He successfully sold the company to Electronics for Imaging (Nasdaq: EFII) and continued as VP and General
Manager of EFII’s Unimobile Division. Prior to Unimobile, Vas was Vice President of Marketing and Business Development for Selectica prior to its successful IPO (Nasdaq: SLTC). Prior to Selectica, he was CEO and Founder of Alma Enterprises, a CRM applications and services company. He is currently on the Board of Directors of GlobalLogic, a leading Product Engineering Outsourcing Company.

“We are pleased and privileged to be able to attract someone of Vas’ caliber, skills and experience to lead the company to the next phase of accelerated growth” said Mike Stankey, Chairman of the Board of Directors of Yugma Inc. and former CEO of PolyServe until its acquisition by Hewlett-Packard (HP).

Yugma is the leader in affordable instant web conferencing solutions. The company provides Free, Professional, and Enterprise solutions to hundreds of thousands of individuals, small businesses, and enterprises in a diverse range of industries. Yugma users can instantly use the Free version of Yugma to host or to attend an online meeting. The full-featured Professional and Enterprise services are attractively priced
and are used by thousands of Small and Medium Businesses (SMB), Educational Institutions, and large Corporations.

“I am delighted that Vas has joined us to lead and scale the company.” said Lingaraj Mishra, Yugma’s Founder and Chief Strategy Officer. “During the past 3 years we have built a strong technology foundation based on a robust open platform and delivered it to customers using the software-as-a-service business (SaaS) model.”

“I am excited to join Yugma at this critical juncture.” said Vas Bhandarkar. “We have a strong customer base in our target markets. The macro-economic factors of the global slowdown, higher travel and energy costs, and consumer adoption of green technologies are heavily weighted in favor of exponential growth of the market for web conferencing and collaboration solutions. I look forward to driving the company towards the newer heights.”

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About Yugma, Inc.
Yugma is the leader in affordable instant web conferencing solutions. Yugma provides Free, Professional, and Enterprise web conferencing software-as-a-service (SaaS) solutions to individuals, small businesses, and large enterprises across a diverse range of industries. The core Yugma product technology is a secure, easy-to-use, feature-rich, web conferencing and collaboration software service that allows users to host or attend online meetings using Windows, Mac, or Linux computers at a fraction of the cost of comparable technologies. Yugma technology is scalable from 1-1 desktop sharing to conferences for 1000+ attendees. Popular uses of Yugma include hosting webinars, developing and presenting proposals, product demonstrations and sales presentations, enhancing online sales calls, conducting training programs, delivering customer service, holding team meetings and reviews, improving remote support and troubleshooting, facilitating study groups or personal tutoring sessions, hosting virtual clubs or social events, and providing spontaneous collaboration by artists, writers, and designers. “Yugma” is a Sanskrit word meaning “confluence, meeting or state of togetherness.” Yugma, Inc. is a privately held company headquartered in Minneapolis with offices in Silicon Valley and New Delhi, India.

Contact:
Shanker Trivedi, Chief Marketing Officer
Yugma Inc.
Email: shanker.trivedi@yugma.com
Tel: +1-650-283-8563
http://www.yugma.com

Source: Yugma