Pexip adds $5M and John Wylie as an investor in the company.

Pexip, a Lysaker, Norway-based company providing scalable, distributed visual collaboration software, today announced that John Wylie has joined Pexip’s Board of Directors and invested in the company.

He joins at the same time as Espen Fjogstad, chairman of Pexip’s leading investor Stavanger Venture. Wylie and Fjogstad will further strengthen Pexip’s board and position the company for future growth and success.

Wylie was elected a board member of Pexip on June 22nd 2015. At the same time, he made an equity investment of USD 5 million in the company through a private placement, taking the total equity raised by Pexip to USD 30 million.

John Wylie brings a wealth of experience in venture investments, business management and leadership worldwide, and will take an active role in the company’s strategic direction through his ownership position and role as a Director of the Board. Wylie was Managing Director of Credit Suisse First Boston Australia from 1994 to 1999, and then formed Carnegie Wylie in 2000, an investment boutique firm that was acquired by Lazard (NYSE: LAZ) in 2007. He has since served as CEO of Lazard Australia until he stepped down in 2014 to form a new investment firm. Wylie’s advice has been sought by many governments and leading companies in Australia and around the world. Wylie is also passionate about sports and currently holds the position as Chairman of the Australian Sports Commission among several others.

Espen Fjogstad brings a wealth of experience in entrepreneurship and venture investments, having been a founding member of numerous successful companies such as Global IP Sound (acquired by Google in 2010), Sonorit (acquired by Skype/eBay in 2006, Telio (listed on the Oslo Stock Exchange (OSE) in 2006) and CrudeCorp (listed on OSE in 2012). Fjogstad has, through Stavanger Venture, been the leading investor in Pexip since its inception in 2012. Electing Fjogstad to serve on the Board of Directors formalizes the already strong relationship, and greatly contributes to position Pexip for future success, enabling the company to capitalize on Fjogstad’s formidable experience.