DG Names Craig Holmes Chief Financial Officer
Former CFO to Continue to Support Strategic Alternatives Process
DALLAS, TX, Nov 08, 2012 (Menafn - MARKETWIRE via COMTEX) --DG(R) DGIT, the world's leading ad management anddistribution platform, today announced that it has named Craig Holmesas Chief Financial Officer, effective November 12, 2012. OmarChoucair, who has served as DG's CFO for the past 13 years, willremain with the Company as Executive Vice President until the end of2012 and thereafter as a consultant for an additional 18 months, andwill continue to support the strategic alternatives process.
Craig Holmes brings 18 years of management expertise in thetechnology and software sectors to Digital Generation. Prior tojoining DG, Craig Holmes was most recently CFO of privately-heldQuickoffice, Inc. which he helped position for a successful sale toGoogle, Inc. in June 2012.
"Craig Holmes's experience as Chief Financial Officer at a number ofhighly successful public and private technology companies, includingmobile software and internet businesses, is a terrific fit with DG aswe execute on our vision as the first global multi-screen advertisingplatform for agencies and advertisers," said Neil Nguyen, Presidentand CEO of DG. "We are thrilled to add Craig at a critical time as weaccelerate our global expansion, while we are also very pleased thatwe will retain Omar Choucair's expertise in supporting the strategicalternatives process."
"As a long time technology executive I know firsthand how difficultyet imperative it is to stay ahead of fast changing market trends. Ihave been impressed with DG's ability to recognize the evolvingtrends in advertising, and position the company to successfullyrespond," said Craig Holmes. "The assets are now in place with aunique platform to leverage advertisers' need to reach customers,regardless of device, channel or location, and I am excited to helpthe DG team exploit this opportunity."
As CFO at Quickoffice, Inc, a global leader in mobile productivitysolutions, Craig Holmes helped drive accelerating growth in thedynamic mobile software market and helped lead the company's mergerprocess. Over his career, Craig provided advisory and consultingservices at Enfora Inc., a privately held global manufacturing andsoftware development company; served as CFO for Intervoice, Inc., aNASDAQ traded global software and services company; was CFO at EXCELCommunications, a NYSE traded communications services company; andserved as CFO at two start-ups in the software development andinternet services space, EpicRealm and Masergy Communications. Mr.Holmes began his career at Arthur Andersen, where he rose to Partner.Craig Holmes holds a Masters and a BBA in Accounting from Texas TechUniversity.
DG connects over 11,000 global advertisers and agencies with theirtargeted audiences through an expansive network of over 6,000television broadcast stations and over 11,500 web publishers in 75countries. The Company's television division utilizes best-in-classnetwork and content management technologies, creative and productionresources, digital asset management and syndication services thatenable advertisers and agencies to work faster, smarter and morecompetitively. The Company's online division, MediaMind, allowsmarketers to benefit from optimized management of online advertisingcampaigns while maximizing data driven advertising. For moreinformation, visit www.DGit.com.
This press release contains statements that constituteforward-looking statements within the meaning of the PrivateSecurities Litigation Reform Act of 1995. All statements other thanstatements of historical facts are forward-looking statements. Thesestatements include descriptions regarding the intent of DG withrespect to the consummation of the strategic alternatives processdescribed herein. Such forward-looking statements are not guaranteesof future performance and involve known and unknown risks,uncertainties, and other factors that may cause the strategicalternatives process to fail for a variety of reasons, includingfactors discussed under the heading "Risk Factors" in DG's AnnualReport on form 10-K filed on February 29, 2012 and additional reportsDG files with the Securities and Exchange Commission.
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