Technology Industry Veteran to Lead Sales and Marketing for Rovi’s Expanding Product Businesses and IP Portfolio
Rovi Corporation (NASDAQ: ROVI), a global leader in entertainment discovery, today announced that Andy Elder will join the company as executive vice president, worldwide sales and marketing effective May 6, 2014. Reporting directly to Rovi’s president and CEO, Tom Carson, Mr. Elder will be based out of Rovi’s headquarters in Santa Clara, California.
“Andy’s dual strengths in product sales and patent licensing make him uniquely suited for this senior leadership role, and we're very excited he has decided to join Rovi,” said Mr. Carson. “His customer orientation and operational expertise will help further our commitment to driving increased sales revenue, productivity and profitability.”
Prior to joining the company, Mr. Elder was executive vice president of Global Licensing at Intellectual Ventures where he was responsible for all aspects of monetization and go-to-market strategy for the company. Before that he spent 13 years with Cisco Systems, Inc., where he oversaw $2 billion in product revenue and maintained a consistent track record of delivering outstanding results. Among his accomplishments, he instituted sophisticated sales processes, systems and pipeline management, and was responsible for significant revenue growth around the world, including countries in EMEA and the Americas.
Additionally, Mr. Elder has held a number of positions throughout his career at both start-ups and more established companies that make him well rounded and deeply knowledgeable. With more than 20 years of global sales leadership experience, Mr. Elder brings with him a reputation for building and motivating high-performance sales teams.
“I am very enthusiastic about joining Rovi and helping to reinforce the management team’s focus on creating a strong product culture based on delighting customers and executing with excellence,” said Mr. Elder. “I look forward to working with the sales and marketing group to continue the momentum with both the product and IP portfolios to increase Rovi’s market impact and drive stockholder value.”
Matt Milne, executive vice president of sales, will transition to a new role managing important strategic accounts at Rovi and be initially focused on upcoming major renewals with the largest multi-service cable and satellite providers in North America. “I am pleased that Matt is assuming this vital role at Rovi as he brings tremendous talent and tenacity – attributes that have fueled major wins for Rovi,” said Mr. Carson. “Matt’s expertise in understanding complex customer requirements, coupled with his experience and relentless drive to over deliver, make him a natural choice for this newly created position.”
About Rovi Corporation
Rovi is leading the way to a more personalized entertainment experience. The company’s pioneering guides, data, and recommendations continue to drive program search and navigation on millions of devices on a global basis. With a new generation of cloud-based discovery capabilities and emerging solutions for interactive advertising and audience analytics, Rovi is enabling premier brands worldwide to increase their reach, drive consumer satisfaction and create a better entertainment experience across multiple screens. Rovi holds over 5,000 issued or pending patents worldwide and is headquartered in Santa Clara, California. Discover more about Rovi at Rovicorp.com.
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Forward Looking Statements
All statements contained herein that are not statements of historical fact, including statements that use the words “will” or “is expected to,” or similar words that describe the Company’s or its management’s future plans, objectives, or goals, are “forward-looking statements” and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Such factors are further addressed in the Company’s most recent report on Form 10-Q for the period ended March 31, 2014 and such other documents as are filed with the Securities and Exchange Commission from time to time (available at www.sec.gov). The Company assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.