Shazam announces new CEO Rich Riley ahead of IPO

Tech company Shazam has announced that Rich Riley, formerly of Yahoo, has been appointed as CEO with Andrew Fisher joining as chief executive. The firm recently welcomed the BBC's Daniel Danker as Chief Product Officer.

These movements come as Shazam plans to float. The TV service, launched in 2011, now includes all US nationwide programming on over 160 channels. Over the past year the Shazam service has been used by over ten million people as a companion app with TV shows and live events.

Rich Riley commented on his appointment:

I look forward to extending our dominance in media engagement, from our roots in music to our leadership position in second-screen TV and want to ensure that Shazam is the company that helps people recognize and engage with the world around them.

Andrew Fisher welcomed the chance to work with Riley:

Rich brings a tremendous amount of experience both as an Internet executive where he has rapidly scaled global businesses, to establishing strategic relationships with advertisers and partners, as well as his entrepreneurial approach and skills. Whilst Rich will run our business I will now spend more time focusing on our corporate development and future strategy including our ambitions to deliver a successful IPO for our shareholders as we look to become an increasingly important part of people’s everyday lives, helping them engage with content and brands in the most efficient way possible.

Investors include Kleiner Perkins Caufield Byers, Institutional Venture Partners, Acacia Capital and DN Capital.

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