PetSmart acquired Pet360 for $130 million in cash and up to $30 million more in future performance-based payments.
Richard Harrison joined SMTP in July 2010 as its President and Chief Operating Officer, and now succeeds Semyon Dukach as CEO.
Cambridge, MA (June 18, 2012) – SMTP, Inc. (OTCBB: SMTP) a leading global service provider of email sending, delivery, and cloud-based messaging, today announced the appointment of Richard T. Harrison as Chief Executive Officer (CEO).
Mr. Harrison joined SMTP in July 2010 as its President and Chief Operating Officer, and now succeeds Semyon Dukach as CEO, who has served in that position since 2001. Mr. Dukach will remain as Chairman of the Board.
Prior to joining SMTP, Mr. Harrison enjoyed a wide range of success in executive management roles with both large and small technology companies such as CA, Motorola and Netcom.
“With more than 25 years of high-tech experience in both line and executive management roles, Rich is well respected for his extensive skills and knowledge across all functions of the company. Over the past two years, his leadership has been critical to SMTP’s financial success and a key driver in transforming our operations to sustain growth well into the future," said Semyon Dukach, Chairman of SMTP, Inc.
"Rich has a very strong background for leading SMTP given his diverse experience and knowledge in sales and marketing, product, support, and finance. He has helped the company expand into new markets while maintaining strong profitability, allowing us to declare ongoing quarterly dividends last month.”
Mr. Harrison has held several management positions including Principal of Xactlyit, a consulting firm; Vice President, North America Marketing at CA (formerly known as Computer Associates), and Vice President of Sales at Adlex, a leading provider of systems performance management solutions that was successfully acquired by Compuware.
“I am very excited about the growth prospects of SMTP and believe we are providing a service that addresses a significant need within the global marketplace, which will not go away anytime in the foreseeable future.”
SMTP provides email sending, delivery and cloud-based messaging solutions that optimize engagement and increase message receipt and effectiveness. Recently, the Company reported a 30% increase in net income for Q1 2012. The company expects to announce Q2 earnings and the Q2 dividend date and amount in early August.
ABOUT SMTP, Inc. (OTCBB: SMTP)
SMTP (http://www.SMTP.com) is a leading provider of cloud-based services to facilitate email deliverability, including bulk and transactional sending, reputation management, compliance auditing, abuse processing and issue resolution. Our services provide customers with the ability to increase the deliverability of email with less time, cost and complexity than handling it themselves. SMTP, Inc. is based in Cambridge, Massachusetts and on the web at www.smtp.com.