Omnifone Appoints Former O2 Chief Financial Officer, David Finch

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 Telefonica 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 [http://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 [http://www.globalmediabank.com ], Omnifone
provides industry-leading media content management services for global digital music
service providers including Spotify.



Omnifone's award winning MusicStation(R) 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
[http://www.omnifone.com/content/news ] for details.



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



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




Omnifone

CONTACT: For more information contact: Clodagh Boyle, cboyle@omnifone.com, +44(0)20-8600-0580


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