Omnifone Appoints Former O2 Chief Financial Officer, David Finch
LONDON, April 23, 2013
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
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
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.
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 andrara.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
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
Contact: For more information contact: Clodagh Boyle, firstname.lastname@example.org,
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