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French LiFi pioneer appoints co-CEO

Business news |
By Nick Flaherty

Oledcomm has appointed Pierre-Jean Beylier as Co-CEO to focus on strategy, business development and marketing for light-based LiFi wireless broadband technology.

Beylier will work alongside Benjamin Azoulay, President and Co-CEO, and brings key skills from the space and defense industry, with a very international experience, especially in the United States and Asia-Pacific, as well as a track record in mergers and acquisitions and fundraising.

Oledcomm is a French spin-off company from the University of Paris-Saclay and has over 33 patents around LiFi technology. Since 2020, its LiFiMAX has been installed and tested in more than 500 projects worldwide and has been validated by ORANGE for Cybersecurity, and in 2021 it announced an integrated circuit (ASIC) that enables native LiFi integration in tablets, PCs or smartphones.

The company is part funded by an equity investment by the European Innovation Council, (EIC)

Beylier is a graduate from EMLYON and USC and co-founded Speedcast in 2000 in Hong Kong which specialises in satellite communications and providing connectivity services and solutions, particularly to the oil industry, the maritime sector and defense customers. He also led Speedcast’s IPO in Sydney in 2014, which reached a market capitalization of over $1 billion at its peak. When he left Speedcast early 2020, the company had over $700 million in revenue, with 1700 employees in 40 countries.

“I had the chance to meet Benjamin when I joined the Oledcomm Board at the end of 2020. I have been impressed by what Benjamin and his team have achieved,” said Pierre-Jean Beylier. “Oledcomm has a very innovative, mature technology that addresses new and critical needs in a number of sectors, including Defense and Space, areas I know well. I was looking for a new entrepreneurial challenge where I could bring my experience and I am therefore very happy to join Oledcomm in an operational role after having spent almost two years helping on the Board. Benjamin and I share the same passion and a common vision for Oledcomm. Oledcomm has a fantastic growth potential, which we now need to realize, and I am very motivated by this new challenge.”

“I admire Pierre-Jean’s inspiring entrepreneurial achievements and when I heard that he was ready for a new entrepreneurial challenge, I did not hesitate for a second and am delighted that he accepted the role of co-CEO of Oledcomm,” said Benjamin Azoulay, CEO. “During our numerous exchanges on the Board of Oledcomm, I could see how much we share human values, a culture of growth, a passion for innovation and a common ambition for Oledcomm, while being very complementary in our fields of expertise. After having been laureate of the prestigious EIC Accelerator competition at the end of 2021, we have reached a milestone and are now preparing the arrival of the European Innovation Fund (EIC fund) in our capital. I am convinced that the co-CEO structure has a bright future in the management of companies and is perfectly suited to Oledcomm’s future growth challenges.”

www.oledcomm.net

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