Clearspring Taps Internet Veteran Ramsey McGrory as CEO
Former Yahoo! Exec Joins Inc. 500 Web Company to Accelerate Growth
McLean, Va. - September 26, 2011 — Clearspring, provider of the largest platform for sharing online content, AddThis, announced today it has named former Yahoo! executive Ramsey McGrory as the company's new Chief Executive Officer. McGrory joins Clearspring from Yahoo! where he led the Yahoo! US data business and Right Media, pioneer of the digital advertising exchange.
"In our industry, data and social are where incredible innovation is happening. I'm thrilled to be joining Clearspring. Clearspring has a fantastic team and a differentiated ability to understand online consumer behavior through its massive reach and realtime data processing capability," said McGrory. "This is exciting because Clearspring's premier digital services platform has not only proven to be powerful in the advertising market, but also it has the potential to disrupt others as well."
Clearspring founder Hooman Radfar will continue to drive the companyâ€™s product and marketing in his new role as Executive Chairman. Current chairman, Ted Leonsis, will remain on the board of directors. "Clearspring is at an inflection point," said Radfar. "AddThis has become the standard sharing platform on the web, our advertising revenue is more than tripling this year, and the trajectory for next year is incredible. Ramsey's operational expertise in scaling data-driven and large platform businesses operations is just what we need to take our rapidly growing company to the next level."
Clearspring continues to mature in both its publisher and advertising businesses. Fueled by its recent $20M Series D financing that was led by Institutional Venture Partners, Clearspring has aggressively grown its AddThis social sharing platform and Audience Platform. In 2011, this growth has been recognized by its selection for the AlwaysOn Global 250 Top Private Companies list, the Inc. 500, and Business Insiderâ€™s Digital 100 Most Valuable Startups.
AddThis is personalizing the web with powerful, easy-to-use consumer engagement tools, APIs and services. The data company reaches 1.3 billion unique users monthly. AddThis' social tools are used by 14 million domains worldwide to power social sharing, increase engagement, boost traffic and provide user insights. Proprietary XGraph technology processes more than 10 terabytes of data daily allowing AddThis to provide brands with sophisticated audience models, data-driven tools and web-wide consumer insights that enhance their paid, earned and owned media strategies.
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