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Velocix appoints Anthony Berkeley as CEO

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Velocix
·2 min read
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Announces plan to fuel Velocix’s expansion with new video streaming and ad tech

Velocix appoints Anthony Berkeley as CEO

Anthony Berkeley has been appointed CEO at Velocix
Anthony Berkeley has been appointed CEO at Velocix
Anthony Berkeley has been appointed CEO at Velocix

CAMBRIDGE, United Kingdom, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Velocix, the market’s leading provider of carrier-grade video streaming and advertising technology, has announced the promotion of Anthony Berkeley to Chief Executive Officer.

Berkeley was most recently Chief Operating Officer at Velocix, and he has previously held senior leadership roles in sales, product, and professional services during his 11-year tenure with the company. Prior to Velocix, he held senior positions at Alcatel-Lucent and Nokia.

David Sharpley, Group Leader at Lumine Group, Velocix’s parent company, said: “Anthony is ideally-suited to drive Velocix’s continued expansion, with his deep domain expertise in the video technology market and proven track record of driving profitable revenue growth. With an expanding base of top tier customers and strong market momentum, Velocix is well-positioned to build on its success in 2021 and beyond.”

Anthony Berkeley, CEO at Velocix, said: “I’m excited to lead the next phase of Velocix’s growth, which will be fuelled by our investment in new video streaming and advertising technologies that maximise performance and deliver the lowest cost of ownership to customers. Using our latest hybrid-cloud software, Velocix can deploy on-net, in the cloud, or both, opening new business opportunities for us, and giving our customers the power and flexibility to scale out their platforms more efficiently than ever before.”

Velocix is headquartered in Cambridge, UK, and maintains offices around the world. The company’s international client roster includes many of the leading innovators in media and telecommunications, including SKY, Vodafone, T-Mobile, Liberty Global, and Telefónica.

Additional information about Velocix is available at www.velocix.com.

About Velocix
Velocix is the world’s leading provider of content delivery, origin and storage, and stream personalisation software and we are Making Video Personal, on every connected screen. Our technology is used to engage, entertain, and inform millions of people around the globe, every single day. We help consumers connect with the content they love by building products that are more responsive to personal viewing preferences, making every video experience more rewarding. We work closely with our customers, including telecommunications, cable, and online video service providers, to help them navigate a rapidly changing video market, so they can lead the transformation, compete more effectively, and grow their businesses. Velocix is part of Lumine Group, which is an operating group of Constellation Software (TSX:CSU). Visit velocix.com

For further information, please contact:
Jim Brickmeier, CPO/CMO, Velocix
+1 404 964-8495 | jim.brickmeier@velocix.com

Neil Sharpe, Head of Product Marketing, Velocix
+44 7876 828 286 | neil.sharpe@velocix.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9420bf3c-c649-4c82-9a4c-d452c84612b0


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    (Bloomberg) -- What began as a power issue for a handful of U.S. states is rippling into a shock for the world’s oil market.More than 4 million barrels a day of output -- almost 40% of the nation’s crude production -- is now offline, according to traders and executives. One of the world’s biggest oil refining centers has seen output drastically cut back. The waterways that help U.S. oil flow to the rest of the world have been disrupted for much of the week.“The market is underestimating the amount of oil production lost in Texas due to the bad weather,” said Ben Luckock, co-head of oil trading at commodity giant Trafigura Group.Brent crude surged above $65 a barrel on Thursday, a level not seen since last January. Spreads indicating supply tightness also soared. Ten months ago, the price slumped below $16 because of a demand shock caused by Covid-19.In the past, the weather-related disruption would largely have been a U.S. issue. Now it’s unmistakably global. Crude markets in Europe are rallying as traders replace lost U.S. exports. OPEC and its allies must decide how much longer they keep millions of barrels of their supply off the market.Estimates for how long the outages may last have gotten progressively longer in recent days as analysts try to figure out the timespan involved in thawing out infrastructure, especially in those areas where freezing weather isn’t the norm.Higher EstimatesAt first, traders and consultants expected a hit to U.S. production that would last between two and three days. Now it’s looking unlikely that things will start to recover much before the weekend, and a full resumption could take weeks.That means ever more barrels are being removed from the global market. Citigroup Inc. said it expects a production loss of 16 million barrels through early March, but some trader estimates are now almost double that. Vast swaths of production in the Permian -- the heartland of U.S. shale output -- have been shut in.The result has been a surge in the value of crude barrels in other parts of the world. North Sea traders have been frantically bidding for the region’s cargoes this week as replacements are sought for U.S. crude exports. As Europe’s supplies have gotten more expensive, Asian buyers have been snapping up Middle Eastern shipments at higher premiums.And though headline crude futures are at their highest level in over a year, they’re yet to rip higher because the loss of refining capacity is equally acute. The country’s largest plant has closed, and at least 3 million barrels a day of processing got taken offline. Traders are rushing to send millions of barrels of diesel across the Atlantic to the U.S., a potential boon for Europe’s downtrodden refining industry.Gasoline Machine“The Gulf Coast is a gasoline machine and sends products across the U.S. as well as international markets,” said Kitt Haines, an analyst at consultant Energy Aspects. “For a brief period at least, this could help European refining.”The result is going to mean a mixed picture for U.S. inventories in the coming weeks. While gasoline production has been hit by the spate of refinery outages, there are also far fewer drivers on the roads than normal. Stockpiles of heating fuels like propane and diesel -- for which demand was already soaring before this week’s weather -- are set to fall sharply.All of which leaves Saudi Arabia and its allies in the Organization of Petroleum Exporting Countries keenly watching the forecast for Texas’s weather.April DecisionThe group is yet to decide on its output plans for April, but OPEC’s largest producer surprised oil markets earlier in the year by cutting an extra million barrels a day of supply in February and March. That leaves spare capacity on the sidelines at a time when the market is clamoring for extra barrels.“The market is turning into a wild animal for OPEC+ to control,” said Gary Ross, a veteran oil consultant turned hedge fund manager at Black Gold Investors LLC. “The weather is having an unbelievable impact on global supply and demand.”A thaw is coming, though. On Friday, temperatures in Midland -- the de facto capital of shale production -- will reach 45 Fahrenheit (7 degrees Celsius). That will rise to 56 Fahrenheit on Saturday, allowing crude production to restart. On Monday, Midland hit -2 Fahrenheit, its lowest temperature in more than 30 years.For the time being, the great unknown remains how long output -- and the rest of the region’s oil infrastructure -- will take to recover in full.“Evidence from the last great Permian freeze off is that it can come back very quickly,” said Paul Horsnell, head of commodities research at Standard Chartered Plc. “But refineries are more likely to be prone to prolonged damage.”(Updates oil price in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Bill Gates Says 'Underestimating' Elon Musk 'Not A Good Idea'

    Microsoft Corporation (NASDAQ: MSFT) co-founder Bill Gates praised Tesla Inc’s (NASDAQ: TSLA) and its CEO Elon Musk's contributions on mitigating climate change in a New York Times Co (NYSE: NYT) podcast this week. What Happened: “Well, it’s important to say that what Elon did with Tesla is one of the greatest contributions to climate change anyone’s ever made,” the billionaire-philanthropist said on NYT opinion writer Kara Swisher’s twice-weekly podcast “Sway.” “Underestimating Elon is not a good idea,” Gates added. Why It Matters: The Microsoft co-founder's comments follow Musk's appearance on Joe Rogan's podcast where he expressed a belief that Gates had a short position on Tesla stock, Electrek reported. “I also heard that at one point he had a large short position. I don’t know if that’s true or not, but it seems weird,” said Musk. “People I know who know the situation pretty well, I asked them 'are you sure?' and they said 'yes, he has a huge short position on Tesla.' That didn’t work out too well.” See also: How To Buy Microsoft Stock Last year, Gates had said that electric trucks would never be a “practical solution” for carrying heavy loads over large distances. Musk was dismissive of Gates’ knowledge of electric vehicles and said “he has no clue.” On an earlier occasion, Musk had expressed displeasure over Gates’ purchase of a Porsche Taycan and described conversations with the former Microsoft executive as “underwhelming.” Price Action: Tesla shares closed nearly 2.4% lower at $796.22 on Tuesday and fell 0.6% in the after-hours session. On the same day, Microsoft shares closed nearly 0.5% lower at $243.70 and declined 0.18% in the after-hours session. Click here to check out Benzinga’s EV Hub for the latest electric vehicles news. Photo Courtesy: UK Department for International Development via Flickr See more from BenzingaClick here for options trades from BenzingaElon Musk's SpaceX Gets 60% Higher Valuation In Latest Funding Round At B: ReportWhy Apple Getting Increasingly Serious About Making Cars? 'Transportation' Dwarfs 'Smartphone' Market, Says Munster© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Flying taxi maker EHang shares rebound 40% after response to short-seller

    Shares of the Chinese autonomous flying vehicles company Ehang (EH) were rebounding more than 40% percent on Wednesday after responding to a short-seller reported which had sent the stock down about 60% yesterday.

  • When to expect your next stimulus check? These dates are key to the timing

    Congress is burning rubber to get a bill to President Biden in a race against time.

  • Best Tech Stocks To Buy Or Watch Now: 5 Growth Stocks Leading The Stock Market

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  • QuantumScape Jumps on Battery Tech Breakthrough and Soros Stake

    QuantumScape rises after the battery maker reveals a technology breakthrough and after George Soros discloses a $4.6 billion stake.