(Originally posted on the Clearspring blog)
Today, we’re taking Clearspring to the next level. I am excited to welcome Ramsey McGrory on as our new CEO. Ramsey joins us from Yahoo! where he led Right Media, the pioneer in the online ad exchange business. From 2004 to 2011 he was with them from start-up what is now a $1 billion annual revenue business. His deep understanding of advertising and data, coupled with a demonstrated ability to deliver value to publishers, advertisers and consumers make him an invaluable addition. Together with our already impressive team, board and investors, we’re confident that this move will help us continue our fantastic growth by better serving our customers.
We have experienced phenomenal growth since our first investor came on in 2006.. AddThis is the now web’s largest sharing platform used by over 9 million publishers, reaching more than 1 billion people worldwide. We process as much data in one week as the Library of Congress. Launched just last year, our Audience Platform leverages data from AddThis to enable hundreds of brands like AT&T and Sony to connect with hundreds of millions of socially-connected users via real-time advertising. And this growth has been recognized. Last week we were named to Business Insider’s Digital 100 Most Valuable Start-ups on the heels of making the Inc500 and AlwaysOn Global 250 Top Private Companies.
We’re at an inflection point. If we continue this growth, we will open up opportunities to serve our customers at a scale we never imagined. To date, we’ve been lucky to bring on amazing people and partners to support our scaling efforts. Our leadership has helped grown the team over 100% in the first half of this year. We are proud to have Springers in McLean, New York, Los Angeles, Chicago, Detroit, Dallas, Lancaster, New Jersey, Atlanta and even India. This spring, IVP joined our already-impressive investor team by leading our $20 million Series D financing. With Ramsey on board, we believe that we can now not only keep this pace, but have the ability to go even faster.