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ShareThis Marks Fifth Straight Quarter of Growth With New Agency Partnerships, Product Innovation and Management AdditionsWeb's Largest Platform for Sharing and Social Insights Realizes Highest Quarterly Revenue Growth to Date, Bolsters Management Team and Expands Footprint in Stanford Research Park (May 24, 2012)
PALO ALTO, CA -- (Marketwire) -- 05/24/12 -- ShareThis, the leader in sharing and influence across the Web, today announced the appointment of Matt Gallatin as Chief Financial Officer and Jennifer Hyman as Senior Vice President, Marketing. The management additions occur as the company expands innovation amongst consumers, advertisers and builds on its robust publisher offering around its recently developed Social Quality Index (SQI). SQI is the first Web-wide measurement of the impact of social activity around content online, providing publishers and advertisers with a tool to leverage social audiences.
Gallatin joins ShareThis from Brand.net, where he managed the company's day-to-day and strategic financing. Prior to Brand.net, Gallatin was a senior leader in the corporate finance group at Yahoo! There, he led analysis and due diligence for partnership deals generating in excess of $3 billion in revenue. He also brings extensive investment banking experience as an underwriter for technology firms during an eight-year tenure at Merrill Lynch.
Hyman is an experienced digital marketer who, prior to joining ShareThis, led the communications and marketing organization at DoubleVerify, Inc. Before that, Hyman headed YouTube marketing at Google, where she grew the company's video and display businesses. She has also held positions in product marketing at Google and Jupiter Research/Jupiter Media Metrix.
"Sharing is the underpinning of the social Web," says Hyman. "ShareThis allows for consumers to share the content they love however they want to, and we enable advertisers and publishers to benefit from and leverage social at scale. I'm looking forward to being part of the business as it scales so rapidly."
"ShareThis has built significant relationships with major brands, agencies and publishers, guiding them through the rapidly changing social advertising landscape. The financial trajectory of the company is impressive and a testament to the strength of its model," says Gallatin.
Hyman and Gallatin join ShareThis' leadership during a period of significant growth as the company strengthens its partnerships with leading agencies. Four of the top 5 [and 6 of the top 10] Ad Age 100 Leading National Advertisers have run campaigns through ShareThis, and 80% of the company's revenue is derived from repeat customers, underscoring ShareThis' ability to perform to top brands' campaign objectives.
"These additions to our management team come at a time of truly significant growth: growth in revenue, in talent, and in demand from advertisers and publishers," says ShareThis CEO Kurt Abrahamson. "We believe the best content is hand-picked. That ethos guides every new product we develop and it's been soundly validated in the response from the market."
ShareThis is one of the largest and most innovative platforms for sharing across the Web. Designed around social media -- both the content that inspires sharing and the audiences that socialize it -- the company's platform allows for direct relationships with the key players in the advertising ecosystem: publishers, advertisers, and consumers. ShareThis enables publishers to offer popular content sharing features which foster increased usage and engagement while providing advertisers effective ad targeting capabilities and analytics derived from sharing activity. The company is based in Palo Alto, CA, with offices in New York, Los Angeles and Chicago.
Aly Brady or Kei Quigley
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