Algoriddim has already attained success with its Apple Design Award-winning DJ app for iPad, djay. But the Munich-based software company is not one to rest comfortably on its laurels. As a matter of fact, Algoriddim has taken what seems to be the next logical step: bank on the triumph of djay with a next-generation VJ app, predictably yet aptly called vjay.

Algoriddim’s all new vjay for iPad heralds a change in the way people interact with music videos. The app offers a multi-touch VJ interface with which you can create video mashups with remarkable ease. Compatible with iPad 2 and the new iPad, vjay integrates not only with your device’s camera and media library but also with iTunes to let you select videos to manipulate. Alternatively, you can select from the app’s pre-bundled collection of videos, with themes ranging from dance to snowboarding.

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As you can see from the above trailer, vjay is equipped with a bevy of real-time video transitions and effects. It also allows for a variety of music maneuverings that go in sync with the visuals of your work in progress. What’s more, the app supports live recording of mashups as well as HDMI output or AirPlay streaming. There’s also the option to operate the app via external hardware, specifically through Numark’s iDJ Live controller.

Running on iOS 5 or later, vjay for iPad is available now in the App Store at an introductory half-off price of $9.99. Get it while it’s hot and expect its arrival at the top of the charts.