Marin Software Appoints Brian Kinion to Board of Directors
June 26 2017 - 7:17PM
Marin Software Incorporated (NYSE:MRIN), a leading provider of
cross-channel, cross-device, enterprise marketing software for
advertisers and agencies, today announced that software and
financial executive Brian Kinion has joined the company’s Board of
Directors and will chair the board's audit committee.
Mr. Kinion brings over 25 years of finance and accounting
experience with a focus on software and SaaS, in particular. He has
scaled finance organizations with broad expertise including
financial modeling, business planning and forecasting, strategy,
tax, M&A, SEC reporting, systems integration, investor
relations, and the controllership function. During his four years
with Marketo, Mr. Kinion served in various finance roles, most
recently as the company’s CFO. Prior to Marketo, Mr. Kinion served
as VP, Global Controller at SuccessFactors, where he oversaw the
accounting department. At both Marketo and SuccessFactors he
managed the audit committee relationships.
“We’re pleased to have Brian as a member of our Board of
Directors” said Chris Lien, CEO of Marin Software. “His experience
and knowledge of SaaS will greatly benefit Marin as we work to
return to growth and provide valuable guidance to our team. I’m
looking forward to Brian’s leadership of the Board’s audit
committee, where his skills and background are an excellent
fit.”
“Marin is recognized as a leader in the digital advertising
industry,” said Kinion. “I’m honored to join Marin’s Board of
Directors, and I’m excited to work with the executive team to
support Marin’s cross-channel vision and to bolster adoption of its
digital marketing platform. I am looking forward to working with
the rest of the Marin Board and the executive team to help the
company as it works toward returning to growth.”
“As an outstanding software executive with finance and
accounting expertise, we’re pleased to welcome Brian to the Marin
Board of Directors,” said Gordon Crovitz, lead independent director
on Marin’s Board. “We’re fortunate to be able to benefit from
Brian’s knowledge as Marin invests to maximize stockholder
value.”
About Marin SoftwareMarin Software
Incorporated’s (NYSE:MRIN) mission is to give advertisers the power
to drive higher efficiency, effectiveness, and transparency in
their paid marketing programs that run on the world’s largest
publishers. Marin provides industry leading enterprise marketing
software for advertisers and agencies to measure, manage, and
optimize billions of dollars in annualized ad spend across the web
and mobile devices. Offering an integrated SaaS ad
management platform for search, social, and
display advertising, Marin helps digital marketers improve
financial performance, save time, and make better decisions.
Advertisers use Marin to create, target, and convert precise
audiences based on recent buying signals from users’ search,
social, and display interactions. Headquartered in San Francisco,
with offices in eight countries, Marin’s technology powers
marketing campaigns around the globe. For more information
about Marin Software, visit marinsoftware.com.
Forward-Looking StatementsThis press release
contains forward-looking statements including, among other things,
statements regarding Marin’s business, the benefits of Mr. Kinion’s
experience and knowledge of SaaS companies, the company’s work to
return to growth, and Marin’s investments to maximize stockholder
value. These forward-looking statements are subject to the safe
harbor provisions created by the Private Securities Litigation
Reform Act of 1995. Actual results could differ materially from
those projected in the forward-looking statements as a result of
certain risk factors, including but not limited to our ability to
grow sales to new and existing customers; our ability to expand our
sales and marketing capabilities; our ability to retain and attract
qualified management and technical personnel; delays in the release
of updates to our product platform or new features; competitive
factors, including but not limited to pricing pressures, entry of
new competitors and new applications; quarterly fluctuations in our
operating results due to a number of factors; inability to
adequately forecast our future revenues, expenses, Adjusted EBITDA,
cash flows or other financial metrics; delays, reductions or slower
growth in the amount spent on online and mobile advertising and the
development of the market for cloud-based software; progress in our
efforts to update our software platform; adverse changes in our
relationships with and access to publishers and advertising
agencies; level of usage and advertising spend managed on our
platform; our ability to expand sales of our solutions in channels
other than search advertising; any slow-down in the search
advertising market generally; shift in customer digital advertising
budgets from search to segments in which we are not as deeply
penetrated; the development of the market for digital advertising;
acceptance and continued usage of our platform and services by
customers and our ability to provide high-quality technical support
to our customers; material defects in our platform including those
resulting from any updates we introduce to our platform, service
interruptions at our single third-party data center or breaches in
our security measures; our ability to develop enhancements to our
platform; our ability to protect our intellectual property; our
ability to manage risks associated with international operations;
the impact of fluctuations in currency exchange rates, particularly
an increase in the value of the dollar; near term changes in sales
of our software services or spend under management may not be
immediately reflected in our results due to our subscription
business model; adverse changes in general economic or market
conditions; and the ability to acquire and integrate other
businesses. These forward-looking statements are based on current
expectations and are subject to uncertainties and changes in
condition, significance, value and effect as well as other risks
detailed in documents filed with the Securities and Exchange
Commission, including our Annual Report on Form 10-K for the year
ended December 31, 2016, our Quarterly Report on Form 10-Q for the
three months ended March 31, 2017, and Current Reports on Form 8-K
which we may file from time to time, all of which are available
free of charge at the SEC’s website at www.sec.gov. Any of these
risks could cause actual results to differ materially from
expectations set forth in the forward-looking statements. All
forward-looking statements in this press release reflect Marin’s
expectations as of June 26, 2017. Marin Software assumes no
obligation to, and expressly disclaims any obligation to update any
such forward-looking statements after the date of this release.
Media Contact
Wesley MacLaggan
Marketing, Marin Software
(415) 399-2586
press@marinsoftware.com
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