the round. Shortly after Layered Media changed its name to Vidyo, Inc. By the beginning of 2008, Vidyo emerged from stealth mode with a product offering for the enterprise market and an annual licensing price model which lowered the start up cost barrier for organizations looking to implement a video conferencing solution. In the first quarter of 2009, Vidyo raised another round of funding, led by Menlo Ventures joining Rho Ventures, Sevin Rosen Funds, and Star Ventures. In early April 2010, the company announced another $25 million from their Series C round of financing, bringing the total amount of capital raised by the company to $63 million since its founding in 2005. All existing investors, Menlo Ventures, Rho Ventures, Sevin Rosen Funds and Star Ventures, participated in the round, which was led by Four Rivers Group. In May 2010, Vidyo launched its Software Development Kit (SDK), enabling developers to build multipoint video conferencing applications into Android and Moblin-based smart phones and tablets running Intel Atom Processor Z6xx series-based platforms (formerly Moorestown) and on ARM processor-based platforms. In June 2010, at Infocomm in Las Vegas, Vidyo demonstrated the first videoconferencing system to attain 1440p (decode), at 2560 x 1440p resolution, in an HD multiparty video conference via general purpose IP networks. A few days later, the company announced a partnership with HP to expand the HP Halo portfolio to include conference room and desktop endpoints that run on enterprise networks. In May 2012, Vidyo announced a fourth round of funding securing $22.5 million bringing the total amount invested to $97 million. In April 2013, Vidyo announced a fifth round of funding securing $17.1 million bringing the total amount invested to $116 million. In March 2016, Vidyo integration was added to KioWare Kiosk System Software, creating a video conferencing kiosk solution. On May 15, 2019 it was announced that Vidyo, Inc. was acquired by Enghouse Systems Limited (TSX:ENGH) for a purchase price of approximately $40 million. Vidyo's current annual revenue is approximately $60 million. Products Video-chat service for Nintendo's Wii U game console was co-developed with Vidyo, Nintendo European Research & Development and Nintendo Software and Nintendo Software Technology. VidyoRouter is an appliance that performs the packet-switching function. The VidyoPortal is a Web-based environment used to access and manage the VidyoConferencing system and accounts from anywhere with internet access. VidyoDesktop is a software-based endpoint, managed via VidyoPortal, able to support HD quality