Vyyo Inc., as it shifts from a development phase to emphasize sales and product marketing, reduced its workforce by about 16 percent in Q3, with cuts coming from the engineering sector.
Fewer than 20 people have been affected, the company said. The last available employee count was 139, in both the U.S. and Israel, at the end of 2006. About $400,000 will go toward severance payments and related costs.
Vyyo has been expanding its sales group in conjunction with increasing trials and deployments of the company’s UltraBand spectrum overlay platform and T1 over HFC solution. Today, the company announced the appointment of Jon Koval as vice president of sales.
The 25-year industry veteran will be responsible for sales activity, at both the corporate and system levels, with Time Warner Cable, Charter Communications and Bright House Networks. Koval joins Vyyo from BigBand Networks, where he was regional VP of sales and responsible for the company’s TWC account.
“We have begun to shift our emphasis from development toward customer-facing activities to meet cable’s increasing interest in long-term solutions that can compete effectively with telco fiber,” said Wayne Davis, Vyyo’s CEO.