VERO BEACH, Fla.--(BUSINESS WIRE)--Bridgevine, Inc. has named J. Patrick “JP” Bewley to become the new Chief Executive Officer of the industry pacesetter in web-based customer-acquisition technology and marketing strategies. The announcement was made by Vinny Olmstead, Bridgevine’s Co-Founder and CEO for the past eight years. Vinny led the CEO search and will remain active in the company as a member of the Board of Directors.
Bridgevine, a member of the Inc. 500|5000 for the five past consecutive years, has been experiencing explosive revenue growth, nearly doubling in the past two years alone, and forecasting over 30% growth again in 2012. The addition of Bewley as CEO recognizes the scale and breadth that Bridgevine has achieved and prepares the company for its next phase of expansion. Last year, Bridgevine successfully launched its game changing Acquisition & Merchandising SaaS Platform (AMP), dramatically reshaping the business and economic model of the customer acquisition market. Simultaneously, Bridgevine expanded into several new vertical markets while continuing to provide industry leading performance for its marquee customers including Comcast, AT&T, Time Warner Cable, CenturyLink, Constellation Energy, and DIRECTV.
“Bridgevine is at an exciting inflection point in its more than eight year history and is rapidly building upon its founding principles of performance based marketing,” said Tom Wasserman, Chairman of the Board at Bridgevine and Managing Director at Highbridge Principle Strategies. “Vinny has been at the forefront of the company’s continued success and we want to thank him for his vision and fortitude. JP is a natural fit for Bridgevine given his successful track record and management style. We welcome JP to the team and are looking forward to his leadership in this next phase of Bridgevine’s growth and vertical expansion.”
“Bridgevine is an entrepreneurial digital marketing organization that has been built from the ground up to deliver customers, not clicks,” Bewley stated. “I look forward to combining my experience in marketing science and customer centric marketing with Bridgevine’s employees, customers and partners to build on the track record of rapid growth. Our premier partner list, revolutionary technology and digital marketing expertise set the stage for this next phase of Bridgevine’s expansion.”
Prior to joining Bridgevine, Bewley was the Global Org leader for Consulting and Agency Services at Acxiom, a $1.13 billion-a-year marketing technology and services company. In just four years, he built Acxiom’s marketing strategy practice from inception into a $100 million business unit adding an additional $219 million in booked revenue. His team of over 450 employees, including 100 analytic professionals delivered client engagements in 27 countries and helped lead Acxiom to earn top recognition for Strategy, Market Presence and Current Offering in Forrester Research’s most recent Database Marketing Service Provider Wave Report.
Prior to Acxiom, Bewley was the incubator and president of Silicon Valley-based Raine Media, transforming the West Coast’s then largest privately held printing company into an organization that provides SaaS technology platform and analytically derived marketing strategies to Fortune 500 clients in financial services, healthcare, high-technology and insurance.
Previously, Bewley was the Chief Information Officer for LSC Marketing of Little Rock, Arkansas, where he was responsible for the company’s database marketing team and led the migration of the company’s data management capabilities to the Internet.
Bridgevine, Inc. is a leading advertising technology company that aids marquee brands with two solution sets: a) new customer acquisition and b) up-sell/cross-sell optimization. The first solution is focused on digital customer acquisition through a closed-loop platform that optimizes SEO, SEM, Mobile, Social, and Display marketing. The second solution enables brands to better monetize their customers through its up-sell and cross-sell web services solution. Through these solutions, the company has delivered more than $2.5 billion in revenue to enterprise customers such as Comcast, AT&T, Time Warner Cable, CenturyLink, Constellation Energy, and DIRECTV. The company is experiencing significant growth in revenue, almost doubling in the past two years, with an expected additional 30% growth again in 2012. The company is also both EBITDA and cash-flow positive, with more than 100% growth over the past two years. The company is quickly expanding its solution offering and customer base and has been a member of the Inc. 500/5000 for the past five consecutive years. Bridgevine is backed by major investors such as Safeguard Scientifics (NYSE:SFE) and Constellation Ventures/JP Morgan (NYSE:JPM).