SOURCE: KIT digital, Inc.

KIT digital, Inc.

May 21, 2012 08:00 ET

KIT digital Adds Two Senior Executives to Corporate Finance Team

PRAGUE, CZECH REPUBLIC and NEW YORK, NY--(Marketwire - May 21, 2012) - KIT digital, Inc. (NASDAQ: KITD), a leading video management software and services company, today announced two senior appointments to its corporate finance team as previously announced during its Q1 2012 earnings call.

Avi T. Aronovitz has been named Senior Vice President of Corporate Finance, Corporate Controller and Chief Accounting Officer. He is responsible for consolidated accounting and financial reporting, direct oversight over the Regional Corporate Controller function, and improving financial systems and processes across the Company. He will report directly to the CFO.

Aronovitz joins the Company with more than 20 years of financial, transactional and industry experience, and significant GAAP and SEC experience. He previously held positions at Citrin Cooperman & Company, LLP, Tatum, LLC, and Comverse Technology, Inc., and over his career has held CFO and senior financial positions in industries including software, telecommunications and manufacturing & distribution. He received his BS in Accounting from Yeshiva University, Syms School of Business.

Steve LoGiudice has been named Director of Internal Audit, reporting to the Audit Committee of the Board of Directors. He is responsible for performing risk assessments of the Company's operations and the implementation of any required additional controls.

LoGiudice joins the Company with more than 18 years of risk management and internal audit experience, including five years in public accounting and consulting, focused on the financial services, bio-medical, and technology sectors, and the remainder in the private sector. He previously held positions at Sobel & Co., LLC, Hooper Holmes, Inc., and Protiviti Inc. He received his MBA from St. John's University and his BS in Business Administration from Caldwell College.

About KIT digital, Inc.
KIT digital (NASDAQ: KITD) is a leading video management software and services company. The KIT Video Platform, the company's cloud-based video asset management system, enables enterprise, media & entertainment and network operator clients to produce, manage and deliver multiscreen socially-enabled video experiences to audiences wherever they are. KIT digital services nearly 2,500 clients in 50+ countries including some of the world's biggest brands, such as Airbus, The Associated Press, AT&T, BBC, BSkyB, Disney-ABC, Google, HP, Mediaset, MTV, News Corp, RCS MediaGroup, Sky Deutschland, Sky Italia, Telecom Argentina, Telecom Italia, Telefonica O2, Universal Studios, Verizon, Vodafone and Volkswagen. KIT digital maintains executive offices in New York and its operational headquarters in Prague, Czech Republic, with offices in 21 countries around the world. Visit the company at www.kitd.com or follow on Twitter at www.twitter.com/KITdigital.

Contact Information

  • KIT digital Media Contact:
    Daniel Goodfellow
    SVP, Global Marketing and Communications
    Tel. +1-917-513-6081
    Email Contact

    KIT digital Investor Contact:
    Murray Arenson
    SVP, Investor Relations & Corporate Initiatives
    Tel. +1-646-553-4900
    Email Contact