Main Street Connect Raises $7 Million and Appoints Zohar Yardeni as CEO

ARMONK, N.Y., Oct. 31, 2011 /PRNewswire/ -- Main Street Connect, the nation's leading community news company, announced today the appointment of Zohar Yardeni as Chief Executive Officer. Mr. Yardeni will succeed Founder and Publisher Carll Tucker, who will become Chairman of the company. Coinciding with the appointment of Mr. Yardeni as new CEO, Main Street Connect announced it has closed a second round of funding of more than $7 million, after a first round of funding in the same amount.

A tech industry veteran who successfully launched two start-ups, Mr. Yardeni comes to Main Street Connect from Thomson Reuters, where as Global Head of Product Capabilities he led a team working to reinvent a multi-billion dollar platform of financial applications and websites. Mr. Yardeni previously founded radiusIM, a location-based instant messaging service, and CallStreet, an earnings call transcription service, which was subsequently sold to FactSet Research Systems. He received an MBA from Columbia Business School in 2001 and a BA from Cornell University in 1995.

"We are pleased to welcome Zohar Yardeni to the team at Main Street Connect," said Mr. Tucker. "His breadth of start-up experience and web savvy will be a huge asset to the company. This new leadership, combined with the close of our second round of funding, will help expand Main Street Connect's reach."

"I'm excited to take on the challenge of making Main Street Connect the dominant local news medium in the United States," said Mr. Yardeni. "I am thrilled to be working with such a dedicated group of people and know that together, we will bring local news to many communities throughout the country."

Main Street Connect was founded in December 2009 by Carll Tucker, the former Editor and Publisher of Trader Publications, a community news company in Cross River, NY.

Since launching 10 sites in 2010 in Fairfield County, CT, Main Street Connect has become a significant news presence in the 52 communities it covers in Fairfield County, CT, Westchester County, NY and Central Massachusetts. For a complete list of Main Street Connect's websites, visit www.mainstreetconnect.com

SOURCE Main Street Connect