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Ooyala Appoints Ramesh Srinivasan as CEO

SANTA CLARA, CA - Ooyala, a Telstra subsidiary and a leading innovator in premium video publishing, analytics and monetization, said today its board of directors has appointed Ramesh Srinivasan as chief executive officer, effective January 1, 2016. Srinivasan succeeds Jay Fulcher, who successfully led Ooyala through its first major phase as a global leader in its industry, overseeing a six-year period of rapid growth, global expansion and industry-leading innovation. Fulcher will remain with the company through the first quarter of 2016 to enable a seamless transition of the executive office.

Most recently, Srinivasan was the president and chief executive officer at Innotrac Corporation, an ecommerce fulfillment provider doing business throughout the United States. Srinivasan oversaw Innotrac's recent merger with eBay Enterprise, which positioned the company for significant global expansion and increased distribution.

Prior to that, Srinivasan was president and chief executive officer of Bally Technologies Inc., seeing the public company through extraordinary turnaround growth. During Srinivasan's tenure the annual revenue run rate for the company grew from $500 million in 2005 to $1.2 billion in 2014. Further, the company saw a stock price increase of 700 percent in the same time period, beating the S&P500 and AGEM indices by nearly 600 percent. Srinivasan also successfully executed and integrated the largest acquisition for the company to date, buying SHFL Entertainment for $1.4 billion.

"Mr. Srinivasan's outstanding track record of leadership and experience in massively scaling technology-focused public companies, combined with his passion and determination to win, makes him a perfect fit for Ooyala," said Charlotte Yarkoni, president of Telstra Software Group and vice chairman of the board for Ooyala. "Bringing him on as CEO at this juncture in Ooyala's journey strengthens the company's leadership team in areas that are key to our long-term success as a leader in personalized cloud television and video."

"Ooyala is a compelling force in the industry already. The company is undergoing fast growth, driving innovation in video, analytics and advertising and making key acquisitions that bolster its strength as a technology provider for the world's biggest operators, broadcasters and media companies," said Mr. Srinivasan. "I am honored to come on board during such an exciting time for Ooyala and am excited to guide the company through its next major phase of growth. The industry is growing rapidly and we are well positioned to win in this transforming marketplace."

Source: Ooyala