ContextWeb Names Timothy L. Murray as CEO
AT&T and Dialogic Veteran Brings Experience Growing and Running Technology and Service Businesses; Anand Subramanian Remains with ContextWeb as Chairman and President of the ADSDAQ Ad Exchange
NEW YORK – ContextWeb, Inc., which operates the ADSDAQ Ad Exchange, the largest independent ad exchange, announced the naming of Tim Murray as CEO. Murray replaces Anand Subramanian, who will remain with the company as Chairman of the Board of Directors and President of the ADSDAQ Ad Exchange.
“As the interactive media landscape matures, clients are demanding to work with trusted partners that provide innovative technology and are best-in-class service providers. Tim Murray has successfully scaled technology service businesses at more than one stop in his career, and I believe he’s the right person to grow ContextWeb to the next level,” said Subramanian.
Murray is an accomplished communications industry executive, having spent 21 years with AT&T prior to taking on a number of CEO roles since 2001. Most recently Murray was Chief Operating Officer of Dialogic, having been CEO of Cantata Technology, which Dialogic purchased in October 2007. Mr. Murray oversaw Dialogic’s daily operations including all aspects of sales, customer service and support, engineering, marketing, manufacturing and human resources. His duties included driving the vision and strategy, business plan, and product strategy of Dialogic as it repositioned itself to being a leading provider of mobile and video value added services technology.
Murray began his career with AT&T and progressively advanced through a broad range of operating roles spanning sales, marketing, operations, engineering, and product management. He held senior executive roles leading the Middle Market BU, a $3.5B segment serving medium and large businesses; Senior Vice President of Business Operations, in which he was responsible for the operation of AT&T’s network and supported a team of 12,000; and as President of Business Network Services in which he was responsible for the $22B voice and data services BU for business customers.
“Online media buyers and sellers have many choices today. Built on ContextWeb’s patented technology platform, the ADSDAQ Ad Exchange not only offers advertisers the control of a site-specific buy with the reach of a portal, but also delivers the performance advertisers seek,” said Murray. “For publishers, the ADSDAQ Ad Exchange gives them a trusted, open market where they can sell their ad inventory at prices guaranteed to increase their profits. I am very fortunate to be joining this team at such an exciting time.”
About ContextWeb, Inc.
ContextWeb operates the ADSDAQ Ad Exchange—the only online ad exchange where advertisers and publishers both enjoy complete control. The ADSDAQ Ad Exchange places every kind of interactive ad unit for more than 12,000 buyers and sellers every day. Using page-level, contextual technology the ADSDAQ Ad Exchange delivers category-specific, brand-safe inventory along with extensive in-category reach, all with a purchase comparable to a site or portal buy. The ADSDAQ Ad Exchange ranks among the top 15 ad-supported properties, according to comScore, reaching 143 million monthly unique visitors. ContextWeb, Inc.’s investors include leading venture capital firms Draper Fisher Jurvetson (“DFJ”), DFJ Gotham Ventures, DFJ New England, Updata Partners and Investor Growth Capital. For more information, please visit: www.contextweb.com.
