Mr. Fomenko has more than 15 years of experience in the field of information technology. Mr. Fomenko started his career as IT professional designing and developing database-driven applications for retail industry and later banking operations automation in Eastern Europe, where organizations he was working for included the National Bank of Ukraine and later Ukrsotsbank, second largest bank in Ukraine at the time. During this part of his career, Mr. Fomenko moved up to the senior level, where he coordinated efforts on banking software adoption for the new requirements relevant to Ukriane banking system integration to European standards and adoption of new technologies, as well pioneered physical security systems integration with digital image processing.

In 2000, Mr. Fomenko was invited to participate in Agere/Lucent companies spin-off activity, and moved to USA to be part of IBM GS team, where he played vital role in getting Agere's European branches migrated to EURO currency with virtually no downtime and getting new business analytics data warehouse established.

Mr Fomenko has been with videoNEXT since the company was created, initially as Senior Software Developer and later as Chief Software Architect and Director of the Software Development team. From the startup to the current state of commecialized software developing company - he led the expansion. His expertise and energy drove product architecture and and technology to the robust commercial product it is today.

A blend of top-level vision, management skills and hands-on experience are the unique combination of talent Mr. Fomenko posesses, allows him to successfully drive videoNEXT technology forward.

Mr. Fomenko holds M.S. degree in Computer Sciences with specialization in Applied Mathematics.