RadiumOne acquired by RhythmOne, global president Kerry McCabe to depart

June 28, 2017 10:37

San Francisco-based RhythmOne will acquire data-driven marketing platform RadiumOne with Kerry McCabe, RadiumOne’s global president, to leave the company immediately.

The transaction, which was closed on June 26, will see all of RadiumOne’s staff join the US-based digital media company.Having founded RadiumOne’s Asia Pacific operations, McCabe moved into the international role last year with a plan to split time between Sydney and RadiumOne’s New York head office .

The company claims he decided to stay in Australia for family reasons and he advised the RadiumOne board he would depart the business immediately upon completion of this acquisition despite supporting the transaction.

Subscribe to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Paul Wallbank

Paul Wallbank was news editor at Mumbrella between June 2017 and June 2019. Previously he's covered business and technology issues for outlets ranging from The Australian and Sydney Morning Herald to the ABC and Business Spectator.

Topics

1 COMMENTS

Read the release 28 Jun 17

RadiumOne has had close to $90m in funding. This deal sees part of the company being sold, to a company most people probably couldn’t have picked out of a line-up, for less than $23m, with only about $5m in cash. How did that happen? What does it mean for the sector? Does it matter?

There’s no need to focus on negative stories necessarily, but it would be good if there was some chance of any of our industry publications digging below the press release (though all of this was in the press release in fact).

User ID not verified.