ORLANDO, Fla., June 4, 2012 (GLOBE NEWSWIRE) -- Channel Intelligence (CI), the leading provider of technology services that drive online purchases, announced today that Rob Wight, founder and CEO of CI, will take on the role of Chairman of the Board, while Doug Alexander, President of ICG (Nasdaq:ICGE) and a CI board member since 2006, will serve as CEO. Wight will also serve as Chief Software Architect for the company, with responsibility for developing and enhancing the core CI platform. These changes will be effective immediately, following several weeks of transition in this direction.
This transition is to support the strong growth CI has recently experienced, which reflects the unprecedented success the Company has driven for its clients. For brands and manufacturers, CI manages more than 80% of all Where to Buy links on websites, blogs, display ads and other digital touch points. For retailers, CI is the clear expert on selling through Google and the new Google Shopping. CI's Google Product Listing Ads clients saw year-over-year sales grow 466% in the first quarter of 2012.
"As the founder of Channel Intelligence, I am thrilled that I was able to convince Doug to take on this CEO position, because he is one of the most knowledgeable, talented leaders in the internet marketing space today," says Wight. "Having him here allows me to focus my energy on the overall vision of the company, maximizing the vast opportunity we have ahead of us in this very dynamic market. I am excited for the opportunity to work closely with Doug and the rest of this very talented team in taking CI to the next level."
Alexander adds, "As a board member for the last several years, I have developed a deep appreciation for the power and potential of the unique technology that Rob and the team have built, as well as the incredible opportunity this company has to transform the online performance of its customers. This is a very exciting time to be inside CI, as the company is coming off a year of record revenues and profits and continues to deliver record performance results for its growing list of customers. I am eager to work in step with Rob and the CI team on this opportunity and to allow Rob to provide visionary leadership while also focusing intently on groundbreaking product development that will uniquely benefit our client companies."
For additional information on Rob Wight and Doug Alexander click here: http://www.channelintelligence.com/.
About Channel Intelligence (CI)
Channel Intelligence (CI) helps marketers outperform online with its CI Boost services: Facebook Platform, Where-to-Buy, Product Search Engines and Shopping Engine solutions. Relied upon by companies such as Target, Philips, HP, Neiman Marcus, Best Buy and Kimberly-Clark, CI tracks nearly 15 percent of US transactions online and drives $2B in sales annually in referred sales online in computing, home improvement, appliances, consumer electronics, toys and a variety of other consumer packaged goods. CI is a partner company of ICG (Nasdaq:ICGE) and Aweida Capital Management. Learn more at www.channelintelligence.com.
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