Fyber N.V.
RNTS Media N.V. to Rebrand Itself as Fyber & Strategic Management Changes
RNTS Media to Rebrand Itself as Fyber & Strategic Management Changes The changes reflect the group’s transformation which, since 2014, has acquired multiple advertising technology companies. Fyber GmbH has been the centerpiece, defining the group’s exclusive focus on advertising technology for digital publishers and app developers, with the subsequent acquisitions of Falk Realtime, Heyzap, and Inneractive complementing and strengthening its core offering. The integrated Fyber group aims to become one of the world’s largest publisher monetization platforms, building on its current global user base of one billion monthly unique users. Further leveraging the early market positioning in mobile, video and advanced programmatic advertising through a comprehensive offering for publishers will help to drive the group to profitability in 2017 on an adjusted EBITDA level. These important milestones follow on from the Company reporting a strong start to the year, with good momentum in the core growth drivers of video and programmatic advertising in line with management’s expectations. In addition, the recent successful restructuring of the convertible bonds and the closing of a credit facility for the Fyber subsidiary were important steps towards full financing, with well advanced negotiations for further financing ongoing. This paves the way for accelerated full integration of group companies.
Management Changes Ziv Elul, currently Chief Operating Officer (“COO”) and CEO-Designate, is proposed to become CEO. As CEO, Ziv brings 15 years of industry and management experience, and will fully focus his attention on ensuring a rapid, successful integration of group companies, driving the Company to profitability, retaining and growing a talented global team and maintaining Fyber’s strong competitive position through targeted investments into the technology and the product offering. Ziv co-founded Inneractive in 2007 and under his management led the Company to cash flow positive and profitability. Inneractive has seen rapid growth in the past few years, and was recognized by Deloitte as one of the world’s fastest growing, mobile RTB-based ad exchange businesses. Ziv is deeply involved in the Israeli high tech and start-up ecosystem. He holds an Executive MBA, graduating with honors. Andreas Bodczek, commented: “The Company has successfully delivered on its M&A strategy, as well as strong organic growth, and has become a global comprehensive publisher-side powerhouse. It is the right time to take the next step and further benefit from the strong market position by integrating the acquired assets. As one of the founders of Fyber I am proud of what the Company has achieved and I am confident the new board will have every success in meeting the many opportunities that are being presented.” Yaron Zaltsman has been nominated to join the Management Board as Chief Financial Officer (“CFO”). Yaron has extensive knowledge of working within public companies, worldwide. In his last CFO role he led the 2015 IPO of ADO Properties (market cap EUR1.5bn) on the Frankfurt Stock Exchange, raising EUR0.4bn. Yaron replaces Heiner Luntz, who joined the group in October 2015, overseeing the global finance operations and driving, among others, the tranche placement of bonds, the acquisitions in 2016 and the establishment of a stronger capital market presence. Heiner will remain with the group until end of October to provide an orderly handover. In addition, the Company is announcing the nomination of Dani Sztern to join the Management Board as Deputy CEO. Daniel has been COO at Inneractive for over three years, and has over 20 years of diverse experience at large public and private companies, mainly in the software industry, as both COO and CFO. He has vast exposure of financing in both private and public markets and actively managing M&A processes. He will be responsible for corporate development and the integration process of the acquired assets, overseeing the global operations and driving growth and optimization of processes across departments and offices. All nominations to the Management Board will become effective upon appointment by the Extraordinary General Meeting of shareholders (“EGM”) convened for 25 July 2017. Both Andreas Bodczek and Heiner Luntz will step down from their positions on the Management Board following appointment of their successors by the EGM. ### About Fyber N.V. (formerly RNTS Media N.V.) End of Media Release Issuer: RNTS Media N.V. Key word(s): Industry
13.06.2017 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | RNTS Media N.V. |
Johannisstr. 20 | |
10117 Berlin | |
Germany | |
Phone: | +49 30 609 855 528 |
E-mail: | governance@rntsmedia.com |
Internet: | www.rntsmedia.com |
ISIN: | NL0010315453 |
WKN: | A1J87D |
Listed: | Regulated Market in Frankfurt (Prime Standard) |
End of News | DGAP Media |