Broadband Video Platform Provider, Ooyala, Names Veteran VC, Fred Warren, Non-Executive Chairman
Broadband video platform provider, Ooyala (note: the company claims to have over 140 global media and enterprise customers, including Warner Bros., Electronic Arts and Sybase), announced Wednesday that venture capitalist, Fred Warren, an original investor in the company, has been elected as non-executive chairman of its board of directors. The news comes on the heels of the company's announcement last week that it had appointed Jay Fulcher as president and CEO (see article published on itvt.com, August 11th), and its announcement last month that it had expanded its US sales and business development teams with former execs from Move Networks, Akamai and The FeedRoom (see article published on itvt.com, July 21st).
Warren co-founded VC firm, Brentwood Associates, back in 1972; and in 1984, he led the company's entry into the leveraged buyout space and its evolution as a private equity firm, Ooyala says. In 2000, he organized Sage Venture Partners, a "friends-and-family" VC fund. According to Ooyala, Brentwood Associates was an investor in a range of technology ventures and private equity investments, including Apple, Prince, Harman International, Rental Service Company, Maxim Integrated Products and Zumiez. Prior to his stint at Brentwood, he was president and CEO of Westland Capital Corporation, a VC firm, and General Television, a leveraged build-up in the cable industry. Today he serves as director/advisor of Slingshot Sports, Plainview Capital Management, NeoMedix, Everest Sciences and Winery Exchange. He holds an engineering degree from the University of Pennsylvania and an MBA from the Wharton School. He has served on the University of Pennsylvania's Board of Trustees, and currently serves on the Board of Overseers for its School of Engineering. He was also a founding board member of the National Venture Capital Association. "We are pleased that Fred has agreed to offer his guidance and leadership as chairman during this exciting period of growth and development," Ooyala's Fulcher said in a prepared statement. "The online video market is exploding, and Ooyala has an incredible market opportunity. Fred is an accomplished investor, board member and media expert who will provide sound advice based on his vast experience and well recognized track record. I look forward to working closely with him as we drive the company forward." Added Warren: "As an original investor in Ooyala, I have seen firsthand the impressive progress Ooyala has made in just two short years. While I have been reluctant to take on other board roles in recent years, this company is just too interesting, too much fun and has too much potential to not be involved. I look forward to working with Jay and the team to build a great success."