NEW YORK--(BUSINESS WIRE)--Tremor Video, Inc. (NYSE: TRMR), the premium video marketplace elevating brand advertising effectiveness across all screens, today announced that John Walsh has joined the company as Chief Technology Officer. Former CTO and co-founder Steven Lee will continue with the Company reporting to Chief Executive Officer, Bill Day.
"John’s successful track record of nearly 30 years building scalable enterprise platforms will add significant firepower to our technology team, and is the perfect next step in our evolution as the Premium Video Marketplace,” said CEO Bill Day.
Mr. Walsh joins Tremor Video from CareCloud, a cloud-based healthcare IT solutions provider, where he served as Chief Technology Officer responsible for engineering and operations since January 2013. Prior to that, he served for four years as Senior Vice President of Engineering and Operations at Constant Contact (NASDAQ: CTCT), a leading all-in-one marketing platform driving growth for more than 650,000 small organizations worldwide. He received a B.S. in Computer Science from Rensselaer Polytechnic Institute and an M.B.A. from Boston University.
“Tremor Video is a tech innovator and pioneer of advertising effectiveness in this fast-growing space,” said Mr. Walsh. “I am excited to continue the tremendous success Steve and his team have achieved, and extremely grateful to partner with Steve as his insight and expertise will be invaluable to my success and an effective transition.”
Steven Lee co-founded ScanScout in 2005 and joined Tremor Video as Chief Technology Officer following the merger of ScanScout and Tremor Video in December 2010. During his tenure at Tremor Video, the company pioneered many industry innovations, including award-winning interactive pre-roll creative formats; the industry’s first MRC-accredited video viewability measurements; proprietary performance analytics that provide marketers with deep insights into what’s working and why; and first-in-class optimization technology that serves as the basis for Tremor Video’s All-Screen video offering — the company’s most successful product launch to date. Over the last two years, Mr. Lee led the development of the company’s full-stack Premium Video Marketplace, including an SSP that saw more than 100 publishers go live in the first 100 days and a brand performance DSP that serves several top agency partners.
“I am so proud of what we’ve accomplished over the last decade and especially our progression over the last two years. With the successful build and launch of our differentiated SSP and DSP, we are seeing significant traction in our premium programmatic offerings, and I believe it is the perfect time to transition our technology leadership to the seasoned CTO we found in John,” said Lee.
About Tremor Video
Tremor Video (NYSE:TRMR) helps make every advertising moment more relevant for consumers. The company’s heritage as custodians of the most recognized advertiser and publisher brands is built on leadership in all-screen analytics and a long-standing commitment to transparency. Our premium video marketplace offers the full spectrum of video ad products and services, including premium programmatic buying and selling and analytics that connect the two.
This press release contains forward-looking statements that involve risks, uncertainties, assumptions and other factors that could cause actual results and the timing of certain events to differ materially from those set forth in or implied by such forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, any statements concerning anticipated benefits related to additions or changes in personnel, or the growth or adoption of Tremor Video’s solutions. Important factors that could cause actual results to differ materially include: the ability to successfully integrate and retain personnel, and the effectiveness of personnel; the impact of technological development and competition; market acceptance of Tremor Video’s products or services; design, manufacturing or software defects; changes in client preferences or demands; changes in industry standards and interfaces; global economic conditions; as well as other factors detailed from time to time in the reports Tremor Video files with the Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance or events and investors are cautioned not to place undue reliance on any forward-looking statement. Furthermore, forward-looking statements speak only as of the date on which they are made, and, except as required by law, Tremor Video disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.