The451 Appoints Online News Pioneer as CEO; Relocates Headquarters to New York.Business Editors NEW YORK--(BUSINESS WIRE)--July 2, 2001 The451, the paid-for, technology news analysis service, today named Martin V. McCarthy as Chief Executive Officer. McCarthy was most recently providing angel funding and strategic counsel to interactive service start-ups since completing the sale of IDD (1) (International Direct Dial) Long distance dialing between countries without operator intervention. Also known as international standard dialing (ISD). Enterprises, LP/Investment Dealers' Digest to Dow Jones & Company in 1998. McCarthy succeeds Dan Gardner from Durlacher Corporation plc who had served since March as interim CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . UK investment bank Durlacher has backed The451 since its inception, and continues to provide funding. McCarthy's first responsibility is to move company headquarters from London to New York's Silicon Alley. The company will maintain its London presence as well as its San Francisco bureau. "McCarthy has spent more than two decades in the online world. His experience marketing highly valued, subscription based, business information services See Information Systems. is second to none," said Dan Gardner of Durlacher. "The451 has already demonstrated in convincing fashion that its original, proprietary content is a 'must read' for the global technology elite," McCarthy commented. "In an environment where even some tech news organizations are little more than outlets for a company's press release, The451's journalists and analysts ask and answer the tough question--'So what does this mean?' "Paul Taylor, for example, joined us after 22 years at the Financial Times. He has been recognized with the award of 2000 Online Editor of the Year from the British Press Association. Other key editors had experience at Gartner Group, Jupiter, Bloomberg -- they know the sectors they cover and "connect the dots" between the stories in a pithy pith·y adj. pith·i·er, pith·i·est 1. Precisely meaningful; forceful and brief: a pithy comment. 2. Consisting of or resembling pith. , refreshing manner." In little more than a year, The451 has established substantial client relationships across a broad spectrum of businesses including top Wall Street firms, global telcos, major technology players and leading professional service companies. Members include firms such as Merrill Lynch, EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. and SAP. About Martin McCarthy McCarthy sold his last operating company operating company A business that engages in transactions with outsiders. , IDD Enterprises, LP, to Dow Jones & Company, Inc. in 1998. Since that time, through Bone Hollow Ventures he has assisted emerging technology, media and interactive service companies around the world, combining angel investing and strategic counsel for CEO's and boards. Clients included Twister Research in Netherlands, Tradewind Communications in Australia Communications in Australia is dominated by the telecommunications provider, Telstra (short for Telecom Australia). Other telephone carriers include Optus (owned by Singapore Telecommunications), AAPT and Powertel (both owned by Telecom New Zealand), Soul (SP , and HCI (Human Computer Interaction) Refers to the design and implementation of computer systems that people interact with. It includes desktop systems as well as embedded systems in all kinds of devices. in South Africa. McCarthy led IDD as President since 1990. Under his leadership, IDD conceived, built and operated Barron's Online, large portions of the Wall Street Journal Interactive Edition and several generations of Smith Barney Access. IDD has longstanding ties to all top investment banks, and served the Wall Street community with both print and online products and services. In 1991, McCarthy led a management buyout of IDD's predecessor from United Newspapers, plc, the London-based company now known as United Media. Previously McCarthy drove the first wave of financial information redistribution to the nascent personal investor marketplace, through relationships with CompuServe, Prodigy, Dow Jones New/Retrieval, Dialog, and Lexis/Nexis. Prior to IDD, he served as Vice-President, Office Message and Information services at Western Union Corporation. McCarthy has an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. . About The451 The451, named after the Fahrenheit temperature at which paper burns, was launched in April 2000. The subscription service offers hundreds of hours of daily research as a business tool for making timely and informed decisions. The451 confronts and analyzes the key issues driving the information technology, communications and media industries. The451 is available via the Web, corporate intranets, email and handheld devices via the AvantGo distribution network. The Web address is http://www.the451.com The WAP (1) (Wireless Access Point) See access point. (2) (Wireless Application Protocol) A standard for providing cellular phones, pagers and other handheld devices with secure access to e-mail and text-based Web pages. address is wap.the451.com |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion