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Published on: 9/20/2007
Last Visited: 11/9/2007
Media Publisher Names Ray Hood CEO
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Venture-backed Media Publisher Inc. has named Ray Hood as chief executive.
Hood replaces co-founder Rod Bacon, who will take the role of executive vice president of service providers.
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Hood said it was not a demotion for Bacon; rather, the co-founders wanted to bring in more company-building experience.
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Previously, Hood served as CEO of SensorLogic Inc.Hood was also chairman of ATM Direct Inc. which was sold to Pay By Touch in 2004 for $16 million.Hood currently serves on the company board of OneNetwork.
Media Publisher develops software that fully manages Webcasts.
Hood said it's likely the company will start looking for Series C investors in the near future.He said the company needs the money to take it to the next level and to spread out its risk.
Media Publisher has raised $6.6 million since it spun off from Inktomi Corp. in 2003.