Dataminr Appoints Former Google VP and Quantcast CFO Julio Pekarovic as CFO and Reuters Global Managing Director Steven Schwartz as President of Dataminr's News Division

Dataminr Expands Executive Team to lead Company's Rapid Growth & Expansion

News provided by

Sep 25, 2015, 09:30 ET

NEW YORK, Sept. 25, 2015 /PRNewswire/ -- Dataminr, the leading real-time information discovery company, today announced the appointment of two new members to its leadership team. Julio Pekarovic joined Dataminr as Chief Financial Officer in August following his role as VP of Finance at Google from 2002 through 2009; and four years as CFO at Quantcast. Steven Schwartz will join Dataminr as President of the News Division. Most recently Steven was Global Managing Director of the Reuters News Agency and Content Solutions Business and previously led the digital publishing businesses for Rolling Stone, US Weekly and Men's Journal magazines as Wenner Media's Chief Digital Officer.

"We are thrilled that two incredibly successful veterans of the technology and media industries have joined our executive team," said Ted Bailey, Founder & CEO of Dataminr. "Julio Pekarovic joined Google at a time when the company was the same size as Dataminr is today, and helped grow their revenue at a rate of 250x to $22B over a seven-year period. His unique expertise and track record at scaling hyper-growth information technology companies will be an invaluable asset to Dataminr. Steven Schwartz, who previously managed Reuters' largest business unit and oversaw their expansion of digital products, new customer segments and new revenue streams, is the ideal leader to continue to establish Dataminr for News as a new standard across the global media landscape.

"Dataminr is a company with endless opportunity in the real-time information space – I am very excited about the new category we are building and look forward to helping lead our growth, innovation efforts, and expansion into new verticals," said Julio Pekarovic.

"Dataminr's entry into the news business has been unprecedented – installing in over 200 newsrooms at a pace faster than any new information product I have seen during my career," said Steven Schwartz. "Amidst the massive change in today's newsgathering and reporting landscape, the breakout success of Dataminr for News speaks to the media's critical need for new tools and information sources in order to maintain a competitive advantage and achieve differentiation. I look forward to leading the global scaling of this revolutionary product and to joining Dataminr at this exciting stage."

Full bios for Julio Pekarovic and Steven Schwartz can be found at www.dataminr.com/about

About Dataminr:

Dataminr is the leading real-time information discovery company. Dataminr transforms real- time data from Twitter and other public sources into actionable signals, identifying the most relevant information in real-time for clients in Finance, the Public Sector, News, Security and Crisis Management. Dataminr has pioneered a groundbreaking technology that identifies, classifies, and determines the significance of real-time information and delivers relevant signals and contextual analytics through high-value applications and customizable APIs.

Dataminr for Finance is currently used by the world's leading hedge funds and investment banks to take action on early market moving information and gain perspective and context from non-traditional sources. Dataminr also services a number of clients in the Public Sector, providing information first when there are lives at stake. In partnership with Twitter, Dataminr developed and launched Dataminr for News, which alerts journalists to breaking news in advance of traditional sources and is now used by hundreds of news organizations globally.

Most recently, Dataminr launched a product for security and crisis management watch centers that warns the world's largest corporations to emerging threats and crises, ensuring that a corporation's physical assets and employees are protected.

Founded in 2009, Dataminr has 175 employees and is headquartered in New York City, with offices in Washington DC, Bozeman Montana, and London. Dataminr has raised $180 million and is backed by Fidelity, Wellington, Credit Suisse, Goldman Sachs, Venrock, and Institutional Venture Partners. Dataminr's strategic partnership with Twitter includes real-time access to all public tweets.

Contact Information:

Dataminr Company Contact:

Peter Bailey, [email protected]

Dataminr Media Contacts:

Lee Race, Hill + Knowlton Strategies, [email protected], Mobile +44 7920 547 987

Rich Grasso, Hill + Knowlton Strategies, [email protected], office: (212) 885-0563, cell: (516) 655-9783

Logo - http://photos.prnewswire.com/prnh/20150925/270761LOGO

SOURCE Dataminr