Vidillion Record Breaking Quarter; CEO Retires; Executive Search Underway
LAS VEGAS, Oct. 17, 2013 /PRNewswire via COMTEX/ --
Vidillion, a leader in providing content delivery and monetization platform for Connected TV publishers, announced third quarter results of 250% growth year over year. David Dembitz, Vidillion's CEO stated, "The Company's business model has solid traction and continues to grow rapidly. Now that Vidillion has a strong financial base it is time to bring on an executive with strong ties to the advertising world."
Dennis Nugent, Chairman and Founder of Vidillion, will spearhead the search for the CEO, stating, "Vidillion is seeking an energetic CEO, with strong advertising and fund raising experience to take Vidillion to the next step. We want to thank Dave for his contributions in repositioning and rebranding the company focusing on the Connected TV (CTV) advertising platform services. The CTV market is rapidly expanding, and Vidillion is well positioned to be the leader in the content delivery and monetization market."
Mr. Dembitz will join Vidillion's Advisory Board and will assist in the search and the transition of the new CEO.
About VidillionVidillion built the first connected TV monetization platform, VidTizer. VidTizer enables video content owners and video service providers (VSPs) to make money from content viewed on connected TVs. Vidillion's proprietary patent pending software allows precisely targeted ads based on device, profile, geography, language and context and verifies ad delivery. Vidtizer's three tier hierarchy of business rules maximizes the revenue from ad inventory and allows content distributors to limit ads to viewers based on profile such as religion, language, device, content or other parameters. Vidtizer includes the Vidillion Versatile Anonymous SysTem (VAST) proxy server that allows delivery of ads to non-VAST compliant devices. Vidtizer uniquely offers content owners the means to instantly monetize their video content on connected TVs. Vidillion also offers VSPs TotalStream streaming video-optimized CDN services for reliable, secure delivery and a state-of-the-art streaming experience at a lower cost. For more information, please visit www.vidillion.com.
Dennis Nugent, COO
855-665-5665 ext 801
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