Tim Maudlin Joins Monetate Board of Directors

PHILADELPHIA, March 17, 2014 /PRNewswire/ -- Monetate today announced the addition of noted Web and ecommerce industry expert and advisor, Tim Maudlin, to its Board of Directors.

"We are thrilled to have Tim join the Monetate Board of Directors. His unique industry perspective will be a tremendous asset -- bringing a wealth of board and executive management experience, combined with his deep expertise in ecommerce," said David Brussin, CEO and co-founder, Monetate. "Tim's guidance and leadership will help drive Monetate to greater success and growth, and our entire management team and I welcome the chance to partner with him more closely."

Tim Maudlin possesses a strong web and ecommerce background and is an experienced advisor and board member for a variety of companies spanning multiple industries. He has served on the Board of Directors for ExactTarget, Inc., a NASDAQ listed company prior to its acquisition by Salesforce in July 2013, as Lead Independent Director, Chair of the Audit Committee, and Chair of the Nominating and Governance Committee. He serves as Lead Independent Director, Audit Committee Chair, and member of the Compensation Committee on the Board of Directors for the NASDAQ listed WEB.com, having served as a director since 2002. Maudlin also served as Audit Chair for MediaMind Technologies Inc., a NASDAQ listed company prior to its acquisition in July 2011, as well as Fanatics, Inc. prior to its acquisition by GSI Commerce in February 2011.

Maudlin is a former director of Newegg, Inc., the second-largest online-only retailer in the United States, serving as the Chairperson of its Audit and Governance Committees and a member of its Compensation Committee. He served as a managing partner of Medical Innovation Partners, a venture capital firm from 1989 through 2007 and President of its management company since 1985. Additionally, he was a director of Sucampo Pharmaceuticals, Inc., a NASDAQ listed pharmaceutical company since September 2006, serving as the chairman of its Audit Committee and its Nominating and Corporate Governance Committee, and a member of the Compensation Committee.

"I'm honored to join the Monetate team as a board member. Monetate is well recognized as one of the most respected and innovative companies in the new age of digital marketing," said Tim Maudlin. "I'm looking forward to working closely with the team to help further fuel its dramatic growth and market-leadership in this ever-changing industry."

Maudlin is a certified public accountant and holds a B.A. degree from St. Olaf College and a Masters in Management degree from Kellogg School of Management at Northwestern University.

About Monetate

Monetate is a marketing acceleration software company that believes when the customer wins, the marketer wins.

A new kind of marketing technology, the Monetate Acceleration Cloud lets marketers understand their customers' situations, behaviors and preferences, and act on those insights with in-the-moment, relevant experiences, targeted to the right customer at the right time.  The Monetate Acceleration Cloud runs above traditional infrastructure and is accessed through one seamless interface.

Monetate generates billions of dollars of new revenue for businesses, helping them grow 39 percent faster than the industry average. Brands such as Best Buy, National Geographic, and Celebrity Cruises rely on Monetate to put the customer first, creating stronger relationships that drive sustained competitive advantage.

SOURCE Monetate