BOULDER, Colo.--(BUSINESS WIRE)--sovrn Holdings, Inc., advocate of and partner to almost 20,000 publishers across the independent web, today announced the appointment of Tim Miller, CEO and Chairman of Rally Software (NYSE: RALY), to the sovrn Board of Directors.
“Tim has built and grown Rally Software from its founding through a successful public offering and beyond, and his experience will bring valuable perspective to sovrn’s board,” said Walter Knapp, CEO of sovrn. “Tim has nurtured a culture of innovation, collaboration, transparency, and individual empowerment at Rally and we are looking forward to gaining that perspective and competitive edge into our operations at sovrn.”
Under Mr. Miller's leadership, Rally Software raised several rounds of venture capital funding and grew Rally’s revenue over 500 percent from 2008 to 2012. In April 2013, he led Rally through a successful IPO. Mr. Miller also served on the board of Gnip, which was acquired by Twitter earlier this year. Before Rally, Mr. Miller was CEO of Avitek, which was acquired and became BEA's highly successful Portal Development Group. He holds an M.S. in management science and information systems and a B.A. in economics from the University of Colorado at Boulder, as well as an MBA from Arizona State University.
“I admire Walter’s tenacity and desire to grow a reputable and high growth technology business and am intrigued by sovrn’s potential to grow exponentially in the next few years,” said Mr. Miller. “I believe that sovrn is poised to be one of Colorado’s largest technology companies and I’m happy to be part of their distinguished leadership team.”
Mr. Miller’s appointment expands the Board to six directors including John Battelle, Executive Chairman of sovrn, Fred Harman, Managing Partner of Oak Investment Partners, Walter Knapp, CEO of sovrn, Seth Levine, Managing Director of Foundry Group, and Greg Martin, Founder and Managing Director of Archer Venture Capital.
sovrn is an advocate of and partner to 20,000 publishers across the independent web, representing nearly one million websites, who use its tools, services and analytics to grow their audience, engage their readers, and monetize their sites. sovrn owns and operates one of the largest global programmatic advertising exchanges that connects publishers with a complete range of third-party monetization solutions including display, video, and mobile, as well as private marketplaces and data-driven yield optimization. sovrn is headquartered in Boulder, Colo. with offices in San Francisco and New York. For more information, please visit sovrn.com or follow on Twitter @sovrnHoldings.