GBTC Announces Seven New Appointments To Board of Directors
Thursday, November 20th, 2008BALTIMORE, MD (11/19/08) – The GBTC is pleased to announce that it has added seven new members to its board of directors. New additions include, Greg Cangialosi, President & CEO of Blue Sky Factory, Inc., Christopher Desautelle, CFO, Metastorm, Inc., Andy Jones, General Partner, Boulder Ventures, Eric Orlinsky, Partner, Saul Ewing LLP, Paul Palmieri, President & CEO, Millennial Media, Jim Stanker, Partner, Audit Grant Thornton LLP, Harry Thomasian Jr., Strategic Growth Markets Leader Ernst & Young LLP. Each of the new members brings extensive industry knowledge to the GBTC.
“Throughout the years the board has been balanced by technology, biotechnology and partner organizations. Our new members have strong ties to these industries and will help us to create an even more dynamic group of leaders for the GBTC and for our local community. We are honored to have this caliber of participation amongst our board, I am really looking forward to their guidance and leadership in the coming years,” commented Steve Kozak, Executive Director of the GBTC.
Detailed information on the new board appointments follows:
Greg Cangialosi, President & CEO, Blue Sky Factory, Inc., As an ambassador of email marketing and new media, Greg Cangialosi has built a reputation as a pioneer in today’s online landscape. He is a seasoned e-mail marketing veteran, developing and executing successful strategies for a wide and diverse client base. In addition to a focus in email marketing, he has also pioneered new media initiatives for companies including Verizon Wireless, GM/Pontiac, and Disney.
Christopher Desautelle, EVP and CFO, Metastorm, Inc., Chris oversees Metastorm’s financial, human resources, information technology and administrative functions. While at Metastorm, Chris has been in charge of leading the effort to raise over $60 million in equity and debt capital to fund Metastorm’s growth. He also spearheads Metastorm’s corporate development and M&A activities, including the Company’s acquisition of CommerceQuest (2005), Proforma Corporation and Process Competence (2007), and Spotlight Data. In addition, Chris led the Company’s effort to file an S-1 with the Securities and Exchange Commission for an initial public offering to raise $80 million in May 2008.
Andy Jones, General Partner, Boulder Ventures, Andy has more than 21 years industry experience, including 11 years of venture capital experience and 10 years of operations experience. He is currently a Board member of Clarabridge and Everest Software. His prior boards/investments include: Cogent Communications (NASDAQ: CCOI); Entevo Corp. (sold to Bindview NASDAQ:BVEW); Interland (NASDAQ:INLD); SALIX Technologies (sold to Tellabs NASDAQ:TLAB). Prior to joining Boulder Ventures in late 1998, Andy worked at Grotech Capital Group. At Grotech, he was responsible for sourcing, due diligence and deal structuring of early-stage information technology investment opportunities.
Eric Orlinsky, Partner, Saul Ewing LLP, Eric is a member of Saul Ewing’s Business Department in the Firm’s Baltimore office. He is Co-Chair of the Firm’s Venture Capital/Private Equity Practice Group. His practice concentrates in general business and securities law, including business planning, venture capital investments, public and private offerings of debt and equity securities; preparing disclosure documents, mergers, acquisitions, and reorganizations; purchases and sales of businesses; securities compliance; preparing employment agreements; and formation, operation, and governance of corporations, partnerships, limited liability companies, and real estate investment trusts.
Paul Palmieri, President & CEO, Millennial Media, As Millennial Media’s president and CEO, Paul is responsible for leading the company’s growth. He is an evangelist for mobile advertising opportunities for brands, and for the evolution of mobile media business models. A well-known pioneer and industry leader in the global mobile entertainment and data marketplace, Paul led many groundbreaking efforts while at Verizon Wireless. His leadership resulted in new and successful business models and sub-economies that have led to rapid growth in mobile media.
Jim Stanker, Partner, Audit, Grant Thornton LLP, Jim has been an audit partner with Grant Thornton LLP since 2000 and is one of the leaders of Grant Thornton’s Mid-Atlantic Technology Industry Practice. He has more than 20 years experience serving technology and software companies with private placement offerings, initial public and secondary offerings, mergers, acquisitions and divestitures. He is one of the Firm’s experts on public company issues.
Harry Thomasian Jr., Strategic Growth Markets Leader, Ernst & Young LLP, Harry is a Partner in our Assurance and Advisory Business Services Practice in Baltimore with over twenty years of experience. He began his career in 1986 in Ernst & Young’s Charlotte, North Carolina office before transferring to the San Jose, California office in 1999 and was admitted to the partnership in 2001. Harry has served companies around the globe – with emphasis in the manufacturing and technology industries.





