24i has promoted Sebastian Braun to chief executive officer. The change in management at the software company follows the departure of Neal Foster last November and the appointment of Mark Carlisle as CEO of parent company Aferian Group.
Braun, who has held roles at Verimatrix, TiVo and DivX joined the 24i leadership team last year as SVP Products working alongside broadcasters, OTT and pay-TV service
“I am honoured and excited to lead 24i into its next chapter,” said Braun. “24i is uniquely positioned at the intersection of streaming services, broadcasters and pay TV operators, allowing us to solve the toughest discovery problems consumers face today in our fragmented digital entertainment world. I am looking forward to launching differentiated video streaming services, operating efficiently and helping grow our customers’ brands and revenue. Together with our talented team, I am confident we will continue to shape the future of digital media delivery.”
“It was clear early on that Sebastian was the right person to take the helm at 24i,” commented Mark Carlisle, newly appointed Aferian Group CEO who is directly overseeing the Amino division. “His strategic acumen, passion for customer excellence and collaborative spirit make him the ideal leader for this pivotal role. We have full confidence in his ability to drive 24i’s growth and maintain our position as a premier streaming platform provider.”
Earlier this year, Aferian secured additional funding after a collapse in the company’s revenues.
A new $3 million cost saving plan was put forward in April.
