SOURCE: ON24, Inc.

June 14, 2005 06:00 ET

ON24 Names New Vice President of Business Development

Industry Veteran to Lead Expansion Into New Markets

SAN FRANCISCO, CA -- (MARKET WIRE) -- June 14, 2005 -- ON24, the premier webcast and multimedia communication solutions provider, today announced that it has named Thomas Masotto as Vice President of Business Development.

In this new position, Mr. Masotto will be responsible for helping the ON24 evaluate new opportunities, expand into new markets and develop new partnerships and joint ventures. Mr. Masotto will also be responsible for identifying new application areas for the ON24 line of products.

Mr. Masotto brings to ON24 broad experience in sales, marketing and business development in technology companies, most recently at Hipbone as Vice President of Business Development. In addition to his time with Hipbone, Mr. Masotto has more than 20 years of experience in sales and business development with companies including VeriFone and Intel Corporation.

"We are especially pleased to bring an industry expert of Tom's caliber to lead the critical new business development function at ON24," said Sharat Sharan, company President and CEO. "Appointing a senior executive to manage all business development activity demonstrates our commitment to our expansion into new markets, and the continued advancement of our industry-leading line of webcast and multimedia solutions."

"ON24 offers the perfect combination of a flexible webcasting platform and a commitment to deliver an increasing range of multimedia communications solutions to its customers," said Mr. Masotto. "I'm excited about joining the ON24 team and look forward to working with our current partners and expanding the company's business into new markets."

About ON24, Inc.

ON24 is a leading provider of webcast and multimedia communication solutions. ON24 offers one-stop solutions for internal and external multimedia communications for customers in the enterprise, technology, life sciences, government and financial services industries. More than 500 leading companies, including Cardinal Health, Cisco Systems, Credit Suisse First Boston, Hewlett-Packard, Merrill Lynch, NCAA, Philips and Sun Microsystems, use ON24 for activities such as conferences and events, product launches, sales training, continuing medical education, executive announcements, equity research and financial road shows. Based in San Francisco, the privately held company was founded in 1998.

ON24 webcasting products include:
ON24 Webcast Center, industry-leading product for self-publishing live
     and on-demand webcasts
ON24 Simple Audio, for self-service, on-demand audio webcasts
ON24 Demo Webcasts, for software or web-based product demonstrations
ON24 Webcast Simple, delivering core and robust webcasting features
     at a low price
Companies interested in learning more about ON24's complete line of webcasting solutions can call 415.369.8000 or send inquiries to solutions@on24.com.

Contact Information

  • Contact Info:
    Chuck Ellison
    Vice President of Sales & Marketing
    Tel: 415-369-8035
    E-mail: Email Contact