Xstream, the premium provider of OTT and TV Everywhere services and vendor of the award winning video management system, Xstream MediaMaker™, today announced the appointment of former Ericsson executive, Michael Rasmussen, as Chief Financial Officer. As CFO, Rasmussen will play an important role in the growth of the company and assume the responsibility of all financial operations.
”Michael’s knowledge and leadership will greatly enhance the implementation of our strategic plan to grow the company,” said Simon Hoegsbro, CEO at Xstream. “Michael brings a wealth of experience in broader finance roles, a successful track record of managing companies through all phases of growth, strong executive leadership, and a proven ability to manage a world-class finance organization. Michael’s contribution will cover all aspects of Finance as well as contributing to the wider strategic business needs.”
Michael brings more than 20 years of executive level global experience to Xstream, including outstanding business results and impacting strategy and driving performance across financial, operational and customer based metrics. Prior to joining Xstream, Michael served for more than 14 years at Ericsson with various executive positions including, VP Finance and CFO and CFO major accounts. Michael is a recognized top performer and business partner who successfully have build and transformed finance organizations into high performing teams and who blends a strong background in finance with strategy, business insights to drive operational execution, profitability and continuous improvements.
Commenting on this appointment, Michael said, “I’m excited to be joining Xstream and look forward to contributing to their global growth story. Xstream’s 15-year established track record of accomplishments and innovations drew me to the company, and I’m honored to join a firm with a solid reputation and long-standing relationship. I look forward to leveraging my background and knowledge of the industry to drive new growth and move into new markets.“
“Michael’s experience and proven track record will be invaluable as we prepare the company for future growth and expansion – taking a clear market leadership position. Beyond his expertise in finance and business development, Michael is a great cultural fit at Xstream and we’re excited to have him on our team,” Simon Hogesbro, CEO at Xstream added.
About Xstream A/S
Xstream has been a pioneer in OTT and TV Everywhere since 1999. Drawing on our extensive experience, we work with world-leading Telcos, cable operators, broadcasters and media companies. Believing that every company is unique and should be treated so, we deliver simpler, smarter solutions characterized by superior flexibility, usability and cost-efficiency.
We offer Xstream MediaMaker™, the industry's most comprehensive and scalable end-to-end online video management solution, and a suite of outstanding individual services, including: Apps for Connected devices, Ingest, DRM, Transcoding and Agile Consultants. The modular architecture of Xstream MediaMaker™ enables highly flexible and customized solutions that meet the demands of the worlds’ most superior and extensive TV Everywhere and OTT video deployments.
Xstream is trusted as the preferred solution partner for companies like Telenor, Canal Digital, Altibox, SBS Belgium, SBS Discovery, Spark New Zealand/ Lightbox, Fuhu/ nabi tablets and many more.
Visit Xstream at www.xstream.net for more information