Video Net Nabs Sales Chief, Funding

NEW YORK Tremor Network said it has hired Randy Kilgore as chief revenue officer and recently closed an $8 million round of funding.

The New York-based video advertising network said Kilgore would be in charge of developing publisher relationships for Tremor's in-stream and in-banner ad placements, as well as working with agencies on campaigns. Kilgore spent over 15 years at Dow Jones, where he was most recently senior vice president of sales for Dow Jones Online.

Masthead Venture Partners and Canaan Partners led the funding round, Tremor's first. The proceeds are earmarked for expanding the company's publisher network and bolstering its sales force.

(Source: AdWeek)