[July 06, 2015] |
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YuMe Names Craig Forman to Its Board of Directors
YuMe, Inc. (NYSE: YUME), the global audience technology company
powered by data-driven insights and multi-platform expertise, today
announced the appointment of Craig Forman to its board of directors. Mr.
Forman has extensive management and board experience in digital
advertising, digital video, mobile applications, and media.
"We are excited to welcome Craig to YuMe's board of directors," said
Jayant Kadambi, Chairman and CEO of YuMe. "Craig's deep expertise in the
media and technology industries, and his board and executive experience,
will make him an invaluable addition to our team."
"Video consumption has changed significantly over the last few years,
which is altering the way brands engage with their audiences and media
providers monetize their inventory. I'm impressed with YuMe's ability to
meet video advertisers' and publishers' needs through its unique
technology platform, and I believe the Company is well positioned for
continued success," said Craig Forman. "I look forward to working with
Jayant, the board and the rest of the YuMe team."
Mr. Forman is a private investor and entrepreneur, a former media,
technology and telecommunications executive and former Wall Street
Journal bureau chief and foreign correspondent. He has held senior
executive roles with EarthLink, Yahoo!, Time Warner (News - Alert), Infoseek, and Dow
Jones, most recently as president of EarthLink's consumer access and
audience business.
Mr. Forman also has served as a director on a variety of public and
private company boards. He is a director at news and information leader
McClatchy Co., the publisher of The Miami Herald and many other U.S.
newspapers, as well as Montreal-based local digital media and
marketing-solutions provider Yellow Pages Ltd. In March 2015, Mr. Forman
joined the board at Digital Turbine Inc., following its acquisition of
Appia, Inc., a mobile-applications technology company where Mr. Forman
had served as executive chairman since 2011. Previously Mr. Forman
served as executive chairman of WHERE, Inc., a leading
mobile-advertising technology network acquired by eBay (News - Alert) Inc. in 2011.
The Company also announced thatDavid Weiden, Partner at Khosla
Ventures, and Ping Li, General Partner at Accel Partners, have resigned
from the Board of Directors at YuMe. "Ping and David have been
instrumental in helping YuMe grow and succeed from its earliest stages,"
said Mr. Kadambi. "Ping and David have served on our board since 2006
and 2009, respectively, and we are grateful for their years of service
and contributions to the Company."
About YuMe
YuMe, Inc. (NYSE: YUME) is a leading provider of digital video brand
advertising solutions. Its proprietary data science-driven technologies
and large audience footprint drive inventory monetization and enable
advertisers to reach targeted, brand receptive audiences across a wide
range of Internet-connected devices. Designed to serve the specific
needs of brand advertising, YuMe's technology platform simplifies the
complexities associated with delivering effective digital video
advertising campaigns in today's highly-fragmented market. YuMe is
headquartered in Redwood City, CA (News - Alert) with European headquarters in London
and 17 additional offices worldwide. For more information, visit YuMe.com/pr,
follow @YuMeVideo and
like YuMe on
Facebook (News - Alert). Current YuMe logos can be found at www.yume.com/news/logos.
YuMe is a trademark of YuMe. All other brands, products or service
names are or may be trademarks or service marks of their respective
owners.
Forward-Looking Statements
This press release contains forward-looking statements. All statements
other than statements of historical fact are statements that could be
forward-looking statements, including, but not limited to, statements
about changes to the membership of our Board and quotations from
management. These forward-looking statements are subject to risks and
uncertainties, assumptions and other factors that could cause actual
results and the timing of events to differ materially from future
results that are expressed or implied in our forward-looking statements.
Factors that could cause or contribute to such differences include
competitive trends in a dynamic market, our history of net losses and
limited operating history, which make it difficult to evaluate our
prospects, our fluctuating quarterly results of operations, and our
dependence on a limited number of customers in a highly competitive
industry. These and other risk factors are discussed under "Risk
Factors" in our Quarterly Report on Form 10-Q for the first quarter
ended March 31, 2015 that has been filed with the U.S. Securities and
Exchange Commission (the "SEC (News - Alert)"), and in our future filings and reports
with the SEC. The forward-looking statements in this press release are
based on information available to YuMe as of the date hereof, and YuMe
assumes no obligation to update any forward-looking statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150706005276/en/
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