Omnifone Appoints Former O2 Chief Financial Officer, David Finch

LONDON, April 23, 2013 /PRNewswire/ --

Omnifone, the leading B2B provider of global digital music services, today announces the appointment of David Finch as chief financial officer, with immediate effect.

David was part of the management team that demerged O2 from British Telecom in 2001, and then transformed it into one of the most successful subscription businesses in Europe. David was also instrumental in managing the sale of O2 to Telefónica in 2006, one of the largest cash merger and acquisition transactions ever completed in the UK. David joins Omnifone following a period of retirement which he embarked on in 2007 after the completion of the acquisition.

Jeff Hughes, chief executive officer, Omnifone, said: "David's wealth of knowledge and experience will facilitate Omnifone's aggressive growth strategy. We are fortunate and pleased to have an executive of David's calibre join the management team. David's accomplishments at O2 and experience of delivering results make him the perfect choice for Omnifone as we execute our growth strategy. In addition his experience and exceptional track record as a finance leader in the mobile subscription sector perfectly complement Omnifone's business model."

David Finch said: "Streaming music services are experiencing the fastest revenue growth in digital music, presenting a huge opportunity for Omnifone. Its B2B model is highly operationally leveraged which, together with its flexible cloud-based music platform and world-leading licensing capability, position it well in the market. I'm excited by the unique opportunity to join Omnifone and the highly talented group of people working here at this critical phase in the growth of the company."

David replaces the previous chief financial officer, Matthew Bagley, who departed Omnifone after nearly four years during which he was instrumental in helping the company experience rapid growth and achieve profitability.  

About Omnifone

Founded in 2003, Omnifone is an independent business-to-business provider of global cloud-based digital music services. Omnifone develops, licenses and manages scalable digital music services to enable customers, including Sirius XM Radio, Sony, HP, BlackBerry and rara.com, to deliver cloud-based music services across virtually all connected devices. These include smartphones, such as Android, iOS and Blackberry, PCs, Macs, tablets, games consoles, connected TVs, set-top boxes, home cinema systems, automotive entertainment systems, Blu-ray players, MP3 players and web browsers. Through its acquisition of Global Mediabank, Omnifone provides industry-leading media content management services for global digital music service providers including Spotify. 

Omnifone's award winning MusicStation® Platform is the proprietary cloud-based technology that powers more digital music streaming services, in more countries and across more connected devices than any of its competitors. Omnifone is a chartered member of the Digital Data Exchange (DDEX) and a member of the Global Repertoire Database (GRD) Working Group.  

In 2012 Omnifone was ranked number 20 in The Sunday Times Tech Track 100 and 4th fastest-growing technology company in the Deloitte 2012 UK Technology Fast 50. Click here for details. 

Find out more about Omnifone: http://www.omnifone.com

Follow Omnifone on Twitter: https://twitter.com/Omnifone

SOURCE Omnifone