Information Industry Veteran Don McLagan Joins The Echo Nest Board of Directors
SOMERVILLE, Mass., Oct. 22 /PRNewswire/ — The Echo Nest, a music intelligence company providing data-driven solutions for the online music industry, today announced Donald L. McLagan joined the company’s board of directors.
Most recently, McLagan served as Chairman, President and CEO of Compete, Inc., which was acquired by Taylor Nelson Sofres in March, 2008. Previously, he was the founder, Chairman and CEO of NewsEdge Corporation, served as Vice President and General Manager of the Information Services Division of Lotus Development Corporation, and was Executive Vice President of Data Resources, Inc (DRI.)
“Online music is exploding, with as many as 700,000 fans on the web every minute, yet with the $5 billion industry in turmoil. As with the web seven years ago, data and analytics are the key to competitive success in the music industry,” said Don McLagan. “The Echo Nest’s one-of-a-kind intelligence platform is uniquely positioned to be the music data engine.”
“Don is a true innovator in creating data-based value for business,” said Jim Lucchese, CEO of The Echo Nest. “We’re thrilled to have Don working with us to make online music smarter.”
Don McLagan has both B.S. (1964) and B.S.M.E. (1965) degrees from Trinity College in Hartford, CT and an MBA from Harvard Business School (1967). In addition to The Echo Nest, he is an advisor/board member with the Massachusetts Innovation and Technology Exchange (www.MITX.org), www.Metacarta.com, www.RunKeeper.com, www.VisibleGains.com, and www.VisibleMeasures.com.
About The Echo Nest
The Echo Nest helps online music companies make connections between people and their music more meaningful through a one-of-a-kind machine learning platform that actually reads about music and listens to music everywhere on the web. The company is co-founded by two MIT Media Lab PhDs, Brian Whitman and Tristan Jehan. The Echo Nest’s is a three-time National Science Foundation SBIR grant winner and is funded by Commonwealth Capital Ventures, Artos Management and experienced angel investors, including a co-founder of the MIT Media Lab. For more information, please visit www.echonest.com.
SOURCE The Echo Nest