RCS - Blackbird PLC - Blackbird hires Sumit Rai as Chief Product Officer

BlackbirdAnnouncement

12/05/2022 07:00

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RNS Number : 1389L  Blackbird PLC  12 May 2022

Reach non-regulatory announcement

 

Blackbird plc (the "Company")

 

Blackbird hires Sumit Rai as Chief Product Officer

 

12 May 2022, London - Blackbird plc (AIM:BIRD; OTCQX:BBRDF), the technology
licensor, developer and seller of the market-leading cloud native video
editing platform, Blackbird, today announces the appointment of Sumit Rai as
Chief Product Officer. Sumit will join the Company in June 2022 from VEGAS
Creative Software where he holds the same role.

 

Sumit has over 23 years leadership experience in the video and film industry.
Starting off as a visual effects and video editor in news production,
children's TV and film, Sumit progressed to Chief Technology Officer at Pukka
Films developing an innovative, award-winning production facility before
founding Kulu Valley. Providing enterprise video distribution platforms for
tier 1 organizations, Kulu Valley was acquired by Qumu Inc (NASDAQ: QUMU) in
2014 where Sumit served as Chief Marketing Officer and Chief Product Officer.
Sumit is leaving his position as Chief Product Officer of the well-known video
editing platform, VEGAS Pro. He joins Blackbird to lead the strategic
development and direction of the Company's product suite.

 

Having developed video editing and distribution platforms used by thousands of
companies and millions of users, Sumit will help take Blackbird's multi
award-winning and multi-patented technology to wider markets.

 

Sumit Rai said: "As the future of video content creation moves to the cloud
it's great to be joining Blackbird, already leaders in the space. The
opportunities are endless as the technology can add major efficiencies and
value in so many markets and enable many new users. I can't wait to start
working alongside the Blackbird team."

 

Blackbird CEO, Ian McDonough, added: "I am truly delighted to welcome Sumit,
who joins us with immense personal drive and energy informed by relevant
industry experience in SaaS video platforms. We are bringing him into the
Blackbird team to lead the strategic development of our product portfolio and
help accelerate our growth. He joins the Company at an exciting time when we
are very well positioned to leverage our core technology into fast growing
video markets."

 

Enquiries:

 

 Blackbird plc
 Ian McDonough, Chief Executive Officer
 Adrian Lambert, Chief Marketing Officer

 Tel: +44 (0)20 8879 7245

 Allenby Capital Limited (Nominated Adviser and Broker)

 Nick Naylor / Piers Shimwell (Corporate Finance)

 Amrit Nahal (Sales and Corporate Broking)

 Tel: +44 (0)20 3328 5656

 

 

About Blackbird plc

 

Blackbird plc operates in the fast-growing SaaS and cloud video market. It has
created Blackbird®, the world's most advanced suite of cloud-native computing
applications for video, all underpinned by its lightning-fast codec. Blackbird
plc's patented technology allows for frame accurate navigation, playback,
viewing and editing in the cloud. Blackbird® enables multiple applications,
which are used by rights holders, broadcasters, sports and news video
specialists, esports, live events and content owners, post-production houses,
other mass market digital video channels and corporations.

Since it is cloud-native, Blackbird® removes the need for costly, high end
workstations and can be used from almost anywhere on almost any device. It
also allows full visibility on multi-location digital content, improves time
to market for live content such as video clips and highlights for digital
distribution, and ultimately results in much more effective monetisation.

Blackbird plc is a licensor of its core video technology under its 'Powered by
Blackbird' licensing model. Enabling video companies to accelerate their path
to true cloud business models, licensees benefit from power and carbon
reductions, cost and time savings, less hardware and bandwidth requirements
and easy scalability.

www.blackbird.vide (http://www.blackbird.video/) o

www.linkedin.com/company/blackbird-cloud
(http://www.linkedin.com/company/blackbird-cloud)

www.twitter.com/blackbirdcloud (http://www.twitter.com/blackbirdcloud)

www.facebook.com/blackbirdplc (http://www.facebook.com/blackbirdplc)

www.youtube.com/c/Blackbirdcloud (https://www.youtube.com/c/Blackbirdcloud)

 

 

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