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Interactive Data, LLC Names Ole Poulsen as Chief Science OfficerU.S.-based data solutions provider Interactive Data, LLC (News - Alert) ("Interactive Data"), a wholly-owned subsidiary of Tiger Media, Inc. ("Tiger Media") (NYSE MKT: IDI), today announced that it has completed the recruitment and hiring of its key technology team in Seattle, WA. Along with its primary technology office in Seattle, Interactive Data is headquartered in Atlanta, GA, with additional personnel in Boca Raton, FL. Led by its Chief Science Officer, Ole Poulsen, Interactive Data's technology team is currently building next-generation data fusion database architecture and applications. Mr. Poulsen most recently co-founded data solutions provider TLO. Previously, Mr. Poulsen held the position of Chief Technology Officer of data fusion company Seisint, which was acquired by LexisNexis (News - Alert) in 2004 for $775 million. Representing decades of data engineering and systems architecture experience and hailing from such well known organizations as Microsoft, Boeing, Cray, and Disney (News - Alert), the newly developed technology team is redefining how billions of records, from thousands of disparate data sources, are fused through complex algorithms, creating actionable insight for a wide range of industries and vast number of use cases. "Though we have been well underway in creating groundbreaking new data technologies, the completion of our Seattle team greatly accelerates our development efforts," commented Derek Dubner, Tiger Media's Co-CEO and Interactive Data's CEO. "I couldn't be more pleased with the superior talent that we've been able to attract and bring together." On March 23, 2015, Tiger Media announced the completion of its acquisition of Interactive Data's parent company, The Best One, Inc. ("TBO"), giving Tiger Media an established presence in the multi-billion dollar data fusion industry. About Interactive Data, LLC /p>
About Tiger Media, Inc. Tiger Media is a Boca Raton-based multi-platform media company with operations in China, providing advertising services in the out-of-home advertising industry, including iScreen Outdoor LCD screens, billboards and street furniture. Tiger Media's network of street level LCD screen displays, which captivate eye-level awareness, is complemented by outdoor billboards which are mostly built on rooftops with good visibility from far distances. Tiger Media's network attracts advertising clients from a wide range of industries including telecommunications, insurance and banking, automobile, electronics and fast moving consumer goods. Learn more at www.tigermedia.com. FORWARD LOOKING STATEMENTS This press release contains "forward-looking statements," as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipate," "believes," "should," "intends," "estimates," and other words of similar meaning. Such forward looking statements include statements about Interactive Data's groundbreaking new data technologies and the addition of Mr. Poulsen as Interactive Data's Chief Science Officer. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: the risk that the business of TBO and Interactive Data may not be integrated successfully with Tiger Media; the risk that the recent acquisition by Tiger Media of TBO may involve unexpected costs or unexpected liabilities; and other risks set forth in Tiger Media's Annual Report on Form 20-F, filed with the SEC (News - Alert) on March 31, 2014, and Tiger Media's proxy statement for the Special Meeting of Ordinary Shareholders held on March 17, 2015, filed with the SEC on February 13, 2015, as well as the other factors described in the filings that Tiger Media makes with the SEC from time to time. The forward-looking statements contained in this press release speak only as of the date the statements were made, and we do not undertake any obligation to update forward-looking statements, except as required under applicable law. We intend that all forward-looking statements be subject to the safe-harbor provisions of the PSLRA.
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