Strategic reorganization to provide a gateway to new products, agility and innovation.
Cybernetyx, the industry leader in next-generation vision-based human-computer interaction systems, today announced an operational plan to realign the global organization with its refocused corporate strategy. Cybernetyx has already made its impact on the global display industry – they’re well-known for producing interactive sensing modules that are licensed by the world’s leading projection and display manufacturers such as Sony, NEC Display, ViewSonic, Tata Interactive and Delta Electronics, and sold in over 70 countries in last 10 years.
Cybernetyx has undertaken a review of its operational structure to best fit its goals, details of which are announced below. The following key changes are effective immediately but will include a transition period through the end of July.
Nishant Rajawat
Cybernetyx will undertake a major site consolidation over the coming months, centralizing research and development activities predominantly at its new Research and Development Centre in Bangalore, India. Although the offices in Germany and Noida will continue to operate as usual, the R&D center in Bangalore will be focused on AI-HCI and other upcoming products. This will also allow the company to gain maximum synergies across all its products and pipeline programs and to simplify and reduce back-office processes.
Eduard Metzger
Cybernetyx expects that the increased financial flexibility will allow the company to reinvest approximately $5 million a year into research and development through disciplined business development and additional complement proof-of-concept research starting in 2018.
Cybernetyx is realigning its senior operational leadership to support the organizational structure described above. The first phase of this transformation has already been announced, with Eduard Metzger (Cofounder and serving as the CEO since inception) moving to his new role as CEO of Noteplan Co., a Cybernetyx spin-off into the productivity solutions industry. Nishant Rajawat, (Cofounder and serving as the Director – Technology since inception), will take office in his new role of the Chairman for Cybernetyx Group. The new CEO of the company will be announced soon. The company will also move the location of the registered Rinteln office to new address in Hannover, Germany in coming months.
Growth is the watchword of the company’s annual business outlook this year. “I am pleased with our healthy revenue growth, profitability, and cash generation in FY18. Our robust performance is a reflection of the strong impact we have with our products and the dedication of our employees. With signed OEM contracts under our belt for the next several years, I see solid growth and sustainability in our business. We will also be launching new brands in Education and Business verticals this FY – and will be hiring up to 200 new top R&D talent in our new Bangalore facility including an increased focus on cutting-edge AI solutions.” added Mr. Rajawat, Managing Director, Cybernetyx Technik.
About Cybernetyx:
Cybernetyx Group was founded in 2009 in Germany & India with a purpose to combine connected computing, sensing and intelligent algorithms to design devices and platforms which can foster human-machine symbiotic experiences. These devices influence several aspects of our lives including when we’re at our homes, our learning and workplaces, while we’re at public spaces and inside our automobiles — and thus, transform our entire life experience.
Cybernetyx is amongst the world’s largest OEM interactive technology suppliers to top display manufacturers of the world such as NEC Display, ViewSonic, Delta, Sony and others – empowering millions of devices worldwide. Cybernetyx has sold and deployed more than 135,000 EyeRIS® interactive classroom solutions in India, one of the largest by any company in the country so far.
With the mission of leading AI innovation to power the future, Cybernetyx has independently developed a deep learning platform, a range of microcomputing devices, and core technologies such as face recognition, image recognition, object recognition, text recognition, medical image analysis, video analysis, autonomous driving, and remote sensing. In doing so, Cybernetyx has become one of the world’s most focused machine intelligence and smart equipment companies.
Visit www.cybernetyx.com to see how Cybernetyx can help your enterprise thrive in the digital age.
About The Author: Sindhya Ravikumar
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