Welcome!

Recurring Revenue Authors: Elizabeth White, Yeshim Deniz, Xenia von Wedel, Liz McMillan, Carmen Gonzalez

News Feed Item

Video Creation Marketplace StudioNow Raises $5 Million to Fund Expansion

New CTO, CFO, CRO Announced and Offices Opened in San Francisco and New York

NASHVILLE, TN -- (Marketwired) -- 08/20/14 -- StudioNow announced that it has raised $5 million in a Series B round led by FCA Venture Partners with participation from existing investor, Claritas Capital. The company also announced that it has made key new hires to support its rapid growth and opened offices in San Francisco and New York. The company is focused on being the leader in the digital video creation market that is estimated to be over $23 billion for 2014.

The additions to StudioNow's management team include new CTO Rob DeMillo, who will also lead the company's new San Francisco office, CFO Rob Tanner, CRO Michael Thompson, and VP of Business Development Kelly Metz. (See individual bios below.)

StudioNow was founded in January 2007 and raised $3.5 million before being acquired by AOL for $36.5 million in cash and stock three years later. Last year the company was spun out of AOL in a deal led by founder, chairman, and CEO, David Mason and Claritas Capital.

"Our decision to re-establish StudioNow as an independent company and invest in our platform and tools, an expanded management team, and new offices, shows the confidence that we have, and our investors have, in the StudioNow marketplace and community of creators, agencies, and brands," said David Mason, founder and CEO of StudioNow.

StudioNow provides a suite of services and technology tools designed to match tens of thousands of video content producers with enterprises who need their services. The highly curated global marketplace offers production companies and filmmakers access to countless new opportunities and a platform to help run their business while clients, ranging from small business to Fortune 100 brands, are guaranteed to get the best talent at the best price every time.

Major brands that have used the StudioNow Marketplace include Toyota, Twitter, IBM, AT&T, StyleList, Verizon, FedEx, CafeMom, Kohl's, Sports Illustrated, AOL, and Pulte Homes. More than 50,000 videos have been created through StudioNow for clients in more than 52 countries around the world. This month it was announced that StudioNow won three Telly awards for their work for AOL, IBM, and Rhett & Link for freecreditscore.com.

NEW ADDITIONS TO STUDIONOW'S MANAGEMENT TEAM

Chief Financial Officer, Rob Tanner
Rob Tanner has oversight of all financial operations, capital and treasury management, and day-to-day administrative responsibilities. Tanner has a diverse background in financial management, investment banking, mergers and acquisitions and business strategy within both Fortune 1000 and growth-stage companies.

Chief Revenue Officer, Michael Thompson
Michael Thompson is responsible for driving revenue; managing sales, marketing, and client services. Thompson has been immersed in sales, marketing, business development and strategy during his 28 years in business as an executive of various private equity backed ventures.

Chief Technology Officer, Rob DeMillo
Rob DeMillo is a 20-year entrepreneurial and media industry veteran, hired by StudioNow to grow the company's technology team and capabilities and launch the company's San Francisco office. DeMillo has held CTO positions at Discovery Digital Networks, Revision3, Third Screen Media, and m-Qube; as well as Founder and CTO roles at Transpera and other Silicon Valley-based companies. DeMillo is also a contributing venture partner at the Korean accelerator SparkLabs Global, and is a board advisor on a handful of ad server and mobile startup companies.

VP of Business Development, Kelly Metz
Kelly Metz is responsible for marketplace strategy, partnerships, and new products. Metz has held various management positions in the software and media industries including Yahoo!, Adobe, and Oracle.

About StudioNow
StudioNow is headquartered in Nashville, TN. with offices in New York and San Francisco. The StudioNow Marketplace has created over 50,000 high-quality, low-cost videos for businesses of all sizes in over 6,000 cities in the U.S. and 52 countries around the world, including such Fortune 500 companies as IBM, AT&T/YellowPages, Toyota, Saatchi & Saatchi, Verizon, Coca Cola, Bank of America, Ameriprise, Simon & Schuster, Random House, Akamai, FedEx, ClearChannel, Twitter, AOL, CBS, Disney, Fox Sports and Sports Illustrated. For more information about StudioNow, visit www.studionow.com.

Media Contact:
Alan Penchansky
The Pen Group Communications
Tel: (305) 529-1944
email: [email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
Cell networks have the advantage of long-range communications, reaching an estimated 90% of the world. But cell networks such as 2G, 3G and LTE consume lots of power and were designed for connecting people. They are not optimized for low- or battery-powered devices or for IoT applications with infrequently transmitted data. Cell IoT modules that support narrow-band IoT and 4G cell networks will enable cell connectivity, device management, and app enablement for low-power wide-area network IoT. B...
Contextual Analytics of various threat data provides a deeper understanding of a given threat and enables identification of unknown threat vectors. In his session at @ThingsExpo, David Dufour, Head of Security Architecture, IoT, Webroot, Inc., discussed how through the use of Big Data analytics and deep data correlation across different threat types, it is possible to gain a better understanding of where, how and to what level of danger a malicious actor poses to an organization, and to determ...
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...