On2 Technologies Increases Sales Capacity in U.S. Western Region and Europe
May 10 2004 - 9:30AM
PR Newswire (US)
On2 Technologies Increases Sales Capacity in U.S. Western Region
and Europe Company Adds Seasoned Marketing and Business Development
Capacity NEW YORK, May 10 /PRNewswire/ -- On2 Technologies, Inc.,
The Duck Corporation, today announced that it has entered into
sales arrangements with Marcom Connections, LLC in Los Angeles and
Ariandne Captial in London to expand the company's sales and
business development capacity. Marcom is owned and operated by
Raymond F. Ribble, a software industry veteran with extensive sales
and marketing experience in the U.S. and Japan. Ariadne has broad
relationships with telecommunications, consumer electronics and
cable companies throughout Europe. "The suite of TrueMotion
products at On2 is changing the way content is delivered over a
variety of networks," said Bundeep Singh Ranger, COO of Ariadne
Capital. "We are excited about the opportunity to build on On2's
early successes in Europe and to take the technology to our
pan-European network of leading media, internet and wireless
companies." Marcom's Raymond Ribble will provide senior-level
business development expertise to compliment On2's strategy of
maximizing their presence in U.S. and international markets. Ribble
will help to accelerate On2's revenue goals and implement sales
practices that create competitive differentiation in today's
complex sales environment. As On2's Western Region Sales Manager,
Ribble is responsible for designing and managing initiatives within
On2's market that will lead directly to improved customer relations
and higher revenue development expectations. Prior to joining On2,
Ribble established his credentials with 20 years of sales, sales
management, engineering and business operations experience. His
career began in aerospace engineering and includes international
and corporate sales management, as well as executive-level
operational management positions. He has extensive experience
working with technology corporations, and has particular expertise
in systems integration and systems planning. "As broadband use in
the U.S. and Europe begins to match Asian markets, customer
interest in On2's software in these markets is rising," said
Douglas A. McIntyre, Chairman, President and Chief Executive
Officer of On2. "We need experts who can help us capitalize on our
advantages in video compression. Marcom and Ariadne fit these needs
extremely well," he added. About Ariadne Capital Ariadne Capital is
a European investment and advisory firm, which invests in early
stage private and advises later stage private and public companies,
undergoing significant growth or change. Ariadne Capital provides
its portfolio companies as well as strategic partners, access to a
network of industry executives and investors, hands-on management
and Board level assistance to implement strategic, operational and
financial plans. Ariadne helps companies access capital, secure
executives, leverage innovation and generate sales, the latter of
which will be the focus of the joint collaboration with US based
On2 Technologies Inc. Visit their website at
http://www.ariadnecapital.com/ -- "Building Europe.net" About On2
Technologies, The Duck Corporation On2 Technologies (ONT) is a
leading technology firm at the forefront of video compression. The
Company revolutionized video encoding with the creation of its
advanced full-motion, full-screen, video compression and streaming
technology (TrueMotion(R) VP4/VP5/VP6). On2 licenses its high
quality video codecs for use in set-top boxes, consumer electronics
devices and wireless applications. In addition, On2 offers a suite
of products and services, including high-level video encoding,
customized technical support, and consulting/integration services.
Located in New York City, the Company has an office in Clifton
Park, NY, and operations in Cambridge, UK. On2 may be reached at 21
Corporate Drive, Suite 103, Clifton Park, NY 12065 or or .
DATASOURCE: On2 Technologies, Inc. CONTACT: Tim Reusing of On2
Technologies, +1-646-292-3533 Web site: http://www.on2.com/
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