ScanScout Secures Investment from Time Warner and Announces Board of Directors

Sep 14, 2007


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ScanScout, a video advertising company for advertisers and publishers, announced that Time Warner Inc., a media and entertainment company, has made a strategic investment in the company. ScanScout also announced the formation of its board of directors, which has included co-founders Waikit Lau, the company’s president, and Steven Lee, its CTO; Doug McFarland, its CEO, and Chris Fralic of FirstRound Capital. They were joined by David Orfao and Neil Sequeira of General Catalyst Partners with that fund’s investment in May. More recently, Digitas COO Jim Rossman and Paul Vidich formerly of AOL and Warner Music Group joined as independent members, and Rachel Lam of Time Warner has joined as a board observer with the investment announced herein.

(www.timewarnerinvestments.com, www.scanscout.com)