SOURCE: nimbit

Nimbit

April 12, 2010 20:10 ET

Nimbit Announces Bob Cramer as Chief Executive Officer

Powerhouse CEO to Drive Next Stage of Music Industry's Direct-to-Fan Leader

BOSTON, MA--(Marketwire - April 12, 2010) -  Nimbit Inc. (www.nimbit.com), the leading integrated Direct-to-Fan solution for musicians, managers and emerging labels, announces the appointment of Bob Cramer as Chief Executive Officer. Bob will team with company co-founders Patrick Faucher and Phil Antoniades as Faucher moves from CEO to Chief Technology Officer.

"We founded Nimbit to empower artists of all genres and levels to create and manage a successful direct-to-fan business," said Phil Antoniades, Nimbit co-founder. "And as the market fully embraces our platform, we're very excited to bring Bob's proven experience on board to scale the company and move us toward our broader vision for the industry," added Faucher.

Cramer brings over 25 years of executive management experience in fast-growth environments, delivering both market-leading solutions and significant returns for shareholders. 

Recently, Bob was CEO of LiveVault Inc. and FirstSense Software, and held senior management, sales and marketing positions at Oracle Corporation, CenterLine, and Ingres. He's served on Nimbit's board of directors for 3 years, and will continue to serve as Nimbit's chairman. 

"Any $40B industry in disarray has to reemerge around a new a model, and Nimbit is uniquely positioned to make this happen," said Bob Cramer. "I'm thrilled to join Nimbit as CEO. The market is ready, our product is second to none, and the passion and talent of our team enables us to give artists back their well-deserved piece of the music industry."

About Nimbit
Nimbit is the industry's leading direct-to-fan platform for musicians, managers, and emerging labels, powering the brands and businesses of over 15,000 successful artists. A complete solution for fan marketing, sales, and business management; Nimbit ensures long-term sustainability and success by fostering strong, interactive, lifelong, and profitable fan relationships. Founded in 2002, Nimbit, Inc. is headquartered in Framingham, MA. For more information, please visit www.nimbit.com.

Nimbit, the Nimbit logo, Powered by Nimbit, Nimbit Direct-to-Fan, and Nimbit MyStore are trademarks of Nimbit, Inc. All other company and product names may be trademarks of their respective owners.

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