Magnetic Appoints Sandeep Swadia as Chief Strategy Officer

NEW YORK, April 9, 2014 /PRNewswire/ -- Digital advertising technology company, Magnetic (www.magnetic.com), announced today the appointment of Sandeep Swadia as Chief Strategy Officer. In this new role, Swadia will be responsible for driving corporate strategy for Magnetic's expanding business.

"Magnetic sits at the intersection of search and display, and Sandeep's multifaceted experience is perfectly aligned with our business and core technology," said James Green, CEO, Magnetic. "Sandeep has worked with successful ad tech companies, including a powerful search engine platform, a large display media firm, and a mobile startup. We are excited to welcome Sandeep to help build on the spectacular growth we've had over the past 18 months."

Sandeep is a seasoned technology and media leader with nearly 20 years of experience running corporate strategy, business development and global marketing. He has held leadership positions at the enterprise search platform FAST, which was acquired by Microsoft (MSFT), and at Demand Media (DMD), which was a pioneer in search intent driven display advertising. Recently, he served as the Chief Revenue Officer at a mobile technology platform ScrollMotion.

"Magnetic was the first pure play to distinguish search retargeting and change the way consumers experience real-time, relevant ads," said Sandeep. "Magnetic's growth is driven by unique and exciting assets including its technology platform, audience insights and intent data. I'm thrilled to be part of the team that's writing the next chapter of targeted advertising."

Sandeep earned an MBA from MIT Sloan School of Management and a Master's degree in Mathematics and Computer Science from Northeastern University. He will be based in Magnetic's New York office and will report to the CEO, James Green.

About Magnetic
Magnetic is a digital technology company specializing in retargeting solutions that combine intent data with display advertising to power brand awareness and direct response campaigns. Magnetic uses billions of search data queries and a proprietary bidder to programmatically buy and reach audiences who have signaled either interest or purchase intent where they spend 96% of their time online – on news sites, blogs, e-commerce sites and social networks. Founded with a specialized focus on search retargeting, Magnetic's advertising solutions also extend to site retargeting, and include advanced media optimization and buying and cross channel capabilities.

Headquartered in New York City, Magnetic also has offices in Los Angeles, Chicago, Detroit, Toronto and London. For more information please visit www.magnetic.com.

Media contact:
Monica Byrnes
212-475-6301 ext 107

SOURCE Magnetic

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