SEATTLE, June 28,
2022 /PRNewswire/ -- RealNetworks, Inc. (Nasdaq:
RNWK), a leader in AI-powered digital media software and solutions,
announced two significant changes to its leadership team.
First, Real announced the appointment of Paul DiPeso to the newly created position of
President, SAFR. Mr. DiPeso started today and reports to CEO
Rob Glaser.
Mr. DiPeso has over 25 years of top management experience in
physical security with leading industry corporations. He was most
recently Executive Vice President and General Manager of Feenics,
an Access Control as a Service (ACaaS) software solutions company
that was recently acquired by ACRE. He previously served in
various physical security executive roles at Tyco International,
Lenel, a subsidiary of United Technologies Corp. and Honeywell
International. Mr. DiPeso earned his Bachelor of Science in
Communications from Towson
University.
Commenting on the new leadership appointment, Rob Glaser, Real's Chairman and CEO, said, "Paul
is a proven leader who has a demonstrated track record of building
and growing significant businesses in the access control
industry. Paul is the ideal leader to take the excellent and
innovative SAFR products we have built and build a large and
successful business."
"The physical security industry has been transforming rapidly to
provide customers with solutions that better secure their
assets. What attracted me to RealNetworks was SAFR's product
alignment to customers' needs and SAFR Scan's access control
solution that represents the next generation of technology that
will make a difference for many years to come," said Mr.
DiPeso.
Second, now that Real has appointed Presidents for each of its
three growth initiatives – SAFR, Messaging, and Games -- President
and Chief Operating Officer Mike
Ensing will be transitioning to a strategic advisor role at
the company, effective July 1,
2022.
Mr. Glaser added, "Since the beginning of 2020, just before the
Pandemic hit, Mike Ensing has been a
crucial member of Real's leadership team. First as our
interim CFO, and then as our President and COO. I'm deeply
grateful and appreciative for everything Mike has done during these
turbulent 2 ½ years to help set Real up for the future. While
we're going to miss Mike's fulltime presence, the strong team that
Mike has helped us build positions us well for the future."
"During the last 2 plus years at Real, I have been working with
exceptional people and great teams on exciting new products and
businesses," said Mr. Ensing. "I am proud of the work we have
accomplished and the team we have built laying the foundation for
future growth. These are exciting times, and I am looking forward
to seeing the next phase of Real over the coming years."
About RealNetworks
Building on a rich history of digital media expertise and
innovation, RealNetworks has created a new generation of products
that employ best-in-class artificial intelligence and machine
learning to enhance and secure our daily lives. Real's portfolio
includes SAFR, the world's premier computer vision platform for
live video, KONTXT, an industry leading NLP (Natural Language
Processing) platform for text and multi-media analysis, and
leveraging its digital media expertise, a mobile games business
focused on the large free-to-play segment. For information about
all of our products, visit www.realnetworks.com.
RealNetworks is a registered trademark of RealNetworks, Inc. All
other trademarks, names of actual companies and products mentioned
herein are the property of their respective owners.
Forward-Looking Statements
This press release contains forward-looking statements that
involve risks and uncertainties, including statements relating to
our current expectations regarding our future growth,
profitability, and market position, our financial condition and
liquidity, our strategic focus and initiatives, product plans,
agreements with partners, Scener's current and future activities,
and certain remaining contingencies relating to the sale of
Napster. All statements contained in this press release that do not
relate to matters of historical fact should be considered forward-
looking statements. These statements reflect our expectations as of
today, and actual results may differ materially from the results
predicted. Factors that could cause actual results for
RealNetworks, on a consolidated basis, to differ from the results
predicted include: our ability to realize operating efficiencies,
growth and other benefits from the implementation of our growth
initiatives and restructuring efforts; cash usage and conservation,
and the pursuit of additional funding sources; successful
monetization of our products and services; competitive risks,
including the emergence or growth of competing technologies,
products and services; issues with the use of AI; potential
outcomes and effects of claims and legal proceedings; risks
associated with key customer or strategic relationships and
business acquisitions and dispositions; challenges caused by the
COVID19 pandemic; disruptions in the global financial markets,
including changes in consumer spending and impacts to credit
availability, and fluctuations in foreign currencies; volatility of
our stock price; material asset impairment; continued declines in
subscription revenue; difficulty recruiting and retaining key
personnel; regulatory, tax, accounting, and cross-border risks; and
risks related to our governance structure. More information about
potential risk factors that could affect our business and financial
results is included in RealNetworks' latest annual report on Form
10-K for year ended December 31,
2021, its quarterly reports on Form 10-Q and in other
reports and documents filed by RealNetworks from time to time with
the Securities and Exchange Commission. The preparation of our
financial statements and forward- looking financial guidance
requires us to make estimates and assumptions that affect the
reported amount of assets and liabilities, and revenues and
expenses during the reported period. Actual results may differ
materially from these estimates under different assumptions or
conditions. RealNetworks assumes no obligation to update any
forward-looking statements or information, which are in effect as
of their respective dates.
Contacts:
Brian M.
Prenoveau, CFA
MZ North America
561-489-5315
ir@realnetworks.com
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SOURCE RealNetworks, Inc.