Venaca Announces Thomas F. Burchill as Chief Executive Officer

Venaca Announces Thomas F. Burchill as Chief Executive Officer

Appointment Positions Venaca for Leadership in Media Asset Management Marketplace

NEW YORK, Dec. 12 /PRNewswire/ -- Thomas F. Burchill, a well-known media executive and former CEO of Lifetime Television, was named Chief Executive Officer of Venaca, Inc., a technology company providing digital asset management solutions for the media industry. The announcement was made today by Scott Spector, Chairman and Founder of Venaca, Inc.

Venaca's Single Source Solution enables large-scale digital archiving, content management, repurposing and delivery of video, audio and other rich media to a variety of content providers in the broadcast, media, and entertainment industry. The media asset management sector is expected to grow at a fast pace over the next five years as creators, owners and aggregators of content take advantage of the growing number of digital platforms that technology advances have made possible.

Mr. Burchill will focus on refining the product and service offering and supporting the management team in order to take Venaca to its next level of success. He has a track record for identifying opportunities in a variety of media verticals, for taking early stage organizations through the growth cycle to maturity and profitability.

"We're delighted that Tom Burchill has agreed to become Chief Executive Officer and are confident that his presence will be felt immediately," said Mr. Spector, who had been serving the company as CEO and who will continue as Chairman. "Tom's credentials in the media business speak for themselves and we have no doubt that he will provide the important leadership that is needed to take us forward."

"The prospects for this space are enormous and Venaca is well-positioned to achieve market dominance," Mr. Burchill said. "Venaca's scalable platform provides a solution for all broadcast, entertainment and media companies who are looking for ways to manage their key assets in an ever-expanding digital environment where instant access to content is the key to success and survival."

Mr. Burchill, who has been a member of the company's Board of Directors, joins Venaca from his role as a principal at Galileo Management LLC, a media consulting and capital advisory firm that provides business strategy and access to funding for early-stage media companies.

In addition to Lifetime, Mr. Burchill's career also includes service as Chief Executive of Mitra Technologies, a software company providing traffic and billing software solutions to the media industry, and of Petry Media Corp., where he was instrumental in the founding of 24/7 Media, serving the on-line advertising marketplace.

Venaca, Inc. is a leading technology company specializing in media asset management for the broadcast, media and entertainment industry. The company utilizes a proprietary platform for streamlining an organization's media supply chain and facilitating the storage, management, and distribution of digital media. Its customers include Turner Broadcasting, Lifetime, College Sports Television Network (CSTV) and Children's Television Workshop. More information about the company can be found at http://www.venaca.com/ .

For more information, contact:
At PK Network:
Joe Boyle 212-888-4700 (222) or joe@pknetwork.com

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/ .

Source: Venaca, Inc.

CONTACT: Joe Boyle of PK Network, +1-212-888-4700 [222], or
joe@pknetwork.com , for Venaca, Inc.

Web site: http://www.venaca.com/

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