RMG Positions to Expand in Multi-Billion Dollar Retail Digital Signage Market with New Retail Practice Leader
September 26 2017 - 8:00AM
RMG Networks Holding Corporation (NASDAQ:RMGN), or RMG, a global
leader in technology-driven visual communications, today announced
it has added Dina Townsend as Vice President, Retail Practice
Leader, to seek to expand the company’s presence in the global
retail digital signage market.
A photo accompanying this announcement is available
at http://www.globenewswire.com/NewsRoom/AttachmentNg/89def0a9-0830-435d-82ae-cf848a21accc
The multi-billion dollar retail marketplace is the largest
industry segment in the digital signage industry and represents a
major strategic target for the company. RMG anticipates that the
retail segment will become a significant source of RMG’s long-term
revenue growth.
Townsend, most recently a Vice President, Retail at Scala, will
leverage her deep industry expertise and wealth of experience to
lead RMG in the pursuit of growing sales in the retail marketplace.
She has continually demonstrated success with landing benchmark
accounts for the companies with whom she has worked and has become
a trusted supplier to top-tier customers.
Townsend will be responsible for providing leadership in market
positioning, go-to-market strategies and thought leadership for
this important business initiative with the ultimate goal of
achieving annual revenue goals for the retail segment. Working
closely with existing RMG retail experts, Townsend will seek to
design and build a team that will source, lead and close large
retail
opportunities.
“We recognize the size and strategic importance of the retail
segment to RMG and are excited to begin expanding aggressively in
this area, not only with a competitive solution, but with a strong
sales and marketing strategy,” said Robert Michelson, Chief
Executive Officer and President of RMG. “The retail industry
segment is estimated to be the largest market for digital signage
across the globe. We’re positioning our company for both short- and
long-term growth with the addition of Dina to the team.”
A veteran in technology, and, in particular, content management
systems, Townsend has a successful track record of selling
technology solutions to the world’s leading brands and
retailers.
“There is a pulse to retail unlike any other segment I’ve seen,
and I’m excited to join RMG, which is doing unique things for an
ever-growing industry,” Townsend said. “Retailers operate in a
competitive environment and need innovative technology and
solutions to positively influence shopper behavior. As
technologists, our job is to help our clients confidently seize
retail opportunities by offering pioneering ideas safeguarded by
RMG’s expertise and competencies. We get to be the strong shoulders
on which they stand.”
© 2017 RMG Networks Holding Corporation. RMG,
RMG Networks and its logo are trademarks and/or service marks of
RMG Networks Holding Corporation.
About RMG
RMG (NASDAQ:RMGN) goes beyond traditional communications to help
businesses increase productivity, efficiency and engagement through
digital messaging. By combining best-in-class software, hardware,
business applications and services, RMG offers a single point of
accountability for integrated data visualization and real-time
performance management. The company is headquartered in Dallas,
Texas, with additional offices in the United Kingdom and the United
Arab Emirates. For more information, visit www.rmgnetworks.com.
Cautionary Note Regarding Forward-Looking
Statements
Except for historical information contained herein, the matters
set forth in this release are "forward-looking statements" within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by words such as: "develop,"
"position," "anticipate," "intend," "plan," "goal," "seek,"
"believe," "project," "estimate," "expect," "strategy," "future,"
"likely," "may," "should," "will" and similar references to future
periods. Examples of forward-looking statements include, among
others, statements we make regarding our success in appealing and
expanding into new markets such as the retail digital signage
market described above, the anticipated size of markets in the
future, acceptance of RMG’s products and services in the retail
industry, expected future operating results, such as generating
product revenue, developing new technology or solutions and our
ability to win new customers. The forward-looking statements set
forth above involve a number of risks and uncertainties that could
cause actual results to differ materially from any such statement,
including the risks and uncertainties discussed in the company's
Safe Harbor Compliance Statement for Forward-Looking Statements
included in the company's recent filings, including Forms 10-K and
10-Q, with the Securities and Exchange Commission. The
forward-looking statements speak only as of the date made, and the
company undertakes no obligation to update these forward-looking
statements.
Contact:
Investor Brett Maas/Rob
Fink646-536-7331/646-415-8972ir@rmgnetworks.com
or
MediaGloria
Lee972-744-3958gloria.lee@rmgnetworks.com
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