SOURCE: Maven Networks

September 12, 2005 09:15 ET

Maven Networks Names Akamai President & CEO Paul Sagan to Its Board of Directors

Also Adds Four Advisory Board Members From Leading Firms in the Media and Marketing Industry

CAMBRIDGE, MA -- (MARKET WIRE) -- September 12, 2005 -- Maven Networks, Inc., a software provider that enables media companies and brand marketers to deliver compelling broadband video experiences, today announced that Paul Sagan, president and CEO of Akamai Technologies, Inc. (NASDAQ: AKAM), will join Maven's board of directors effective immediately. Maven also appointed four new members to its advisory board -- executives whose insight will help Maven better harness the trends that are re-shaping broadband video on Internet-connected TVs, PCs, and portable devices.

The addition of Sagan brings another high profile visionary and seasoned operating executive to the Maven board of directors with first-hand knowledge of digital media businesses and technologies on the Internet today. Prior to Akamai, Sagan was a senior advisor to the World Economic Forum, and president and editor of new media at Time Inc., a division of Time Warner. A former broadcast journalist with three Emmy awards to his credit, Sagan served as managing editor of Time Warner's News On Demand project. He was a co-founder of Road Runner, the world's first broadband cable modem service, and Pathfinder, a pioneer in Internet advertising. Sagan also helped launch cable news channels, including New York 1 News in New York City, while serving as senior vice president of Time Warner Cable Programming.

"Paul Sagan brings a unique combination of business acumen, media industry experience and inside knowledge about building highly successful Internet businesses," said Hilmi Ozguc, CEO, Maven Networks. "We look forward to tapping into Paul's deep expertise as Maven continues to break new ground in enabling media companies and marketers to drive greater online revenue."

"Maven's ability to deliver exceptional broadband video experiences is helping to reshape the way programmers and marketers can use the Internet to attract audiences and build new revenue sources," Sagan said. "Maven and Akamai share a strategic view of the direction this fast-changing industry is moving, and I'm delighted to help participate in Maven's growth and development at a time when its software platform is just scratching the surface of its market potential."

Advisory Board Named

Maven also named four media and advertising industry executives to its advisory board:

--  Paul Coyne, senior advisor and former senior vice president, Warner
    Music Group; previously, vice president and CTO of Digital Media at NBC
    Television;
--  Steve Banfield, senior vice president and general manager for Sony
    Media Software; previously, vice president of business development at
    RealNetworks;
--  Baba Shetty, managing director of Fallon Interactive, the
    groundbreaking new media division of Fallon Worldwide, one of the world's
    most critically acclaimed branding companies; and
--  Susan Bratton, CEO of Cendara, Inc., ad:tech chair, and former senior
    vice president of sales and marketing for Excite@Home's media business.
    
"We are honored to have such an esteemed group of media and advertising industry leaders as part of our advisory board," said Maven's Hilmi Ozguc. "Their feedback will provide invaluable strategic insight on the concerns and opportunities facing content companies and major marketers today -- and how Maven can meet them by delivering the most compelling broadband video experiences to consumers."

About Maven Networks

Maven Networks provides broadband video technologies that unite the visual impact of television with the interactivity and measurability of the Internet. Maven's software platform enables media and entertainment companies, brand marketers and content providers to deliver compelling broadband video experiences to more effectively inform, engage, market, and sell to online audiences.

The company's products, the Maven Media System and Maven Intelligent Delivery System (IDS), are used by world-class customers, including 20th Century Fox, Sony Pictures, Atom Films, Clear Channel Communications' Premiere Radio unit, EMI Virgin Records, General Motors, Pepsi and A&E Television Networks International, to deliver more engaging HD video experiences. More information about Maven can be found at www.maven.net.

Contact Information

  • Contacts:
    For Maven Networks:
    Mary Kae Marinac
    Email Contact
    978-685-3136