Welcome!

News Feed Item

Binary Event Network (BEN) Appoints Veteran Sports Business Executive Amanda Angelini as President

Company Also Announces Closing of Second Angel Round of Capital Investment

NEW YORK, Jan. 31, 2014 /PRNewswire/ -- Binary Event Network, Inc. ("BEN"), a privately-held technology company that uses financial market technologies to connect live event programming with digital second screen experiences, today announced that Amanda Angelini has joined the company as President. Ms. Angelini brings over 15 years of distinguished experience across media/sports business development, investment banking, business expansion and law, serving most recently as Vice President of Business Development at USA TODAY Sports Media Group. At BEN, she will lead the continued commercialization and marketing of the BEN platform, oversee future growth opportunities and provide day-to-day leadership.

Separately, BEN also announced that it has closed its most recent angel round of financing, raising $1.875 million in capital from veteran finance, media and technology investors, including Broadhaven Capital Partners, an independent investment bank and growth equity investor serving the financial technology sector. The capital will be used to launch a production release of Pivit, the company's first "competitive spectator" app following the successful introduction of a Beta version in 2013. Additional funds will be used to build the team, accelerate marketing and user acquisition plans, establish business partnerships and expand the platform into complementary vertical markets.  

Greg DePetris, BEN's co-founder, said, "By applying financial technology to sports, news, politics and other live events, BEN has created a new model of active engagement that connects a user's first screen with any form of second screen. Amanda brings the ideal experience, strategic acumen and relationships to ensure we move ahead with a broad and successful commercialization effort. Her career reflects deep and sophisticated engagement with sports/digital marketing, business expansion and proven execution skills, and we are delighted she has joined the team.

"I also want to thank BEN's exceptional angel investors. We appreciate their continued support and confidence in our robust, real-time transaction platform," Mr. DePetris concluded.

Ms. Angelini added "BEN's ability to use financial market technologies to connect live event programming with real-time digital second screen experiences is truly unique, and I am honored to join the team. The opportunity to capture changing public and fan sentiment in real-time is a tremendous and unique opportunity within media industry and financial technology.  My immediate focus as President will be to ensure the successful launch of Pivit, while developing our business partnerships and revenue streams as we work toward longer-term product development, marketing and growth opportunities."

Prior to joining USA TODAY Sports Media Group, Ms. Angelini was Senior Director of Digital Business Development & Publisher Strategy for Soccer United Marketing/Major League Soccer. She also held positions of increasing responsibility in investment banking and capital markets for Citi Markets and Milbank, Tweed, Hadley & McCloy, both in New York, and at Arnold Bloch Leibler in Melbourne, Australia. Ms. Angelini received a Graduate Diploma in Applied Finance and Investment from the Security Institute of Australia and a Bachelor of Law Degree from Queensland University of Technology. She is a member of the New York Bar Association and received a graduate certificate in Sports Business from New York University.

About Binary Event Network
Founded in January 2011 by financial and media industry veterans, Binary Event Network (BEN) combines a global financial exchange platform with proprietary real-time content to create a new interactive experience for live events. The company's first product, set for release in January 2014, is a pioneering global social sports app designed to complement first and second screen experiences for sports enthusiasts and data consumers on mobile and tablet devices. BEN relies on data analysis and pricing models derived from the financial markets to stream a probability index that adjusts dynamically as changing sentiment, events on the field, and related inputs drive consensus opinion concerning the outcome of a game. Participants engage with the index by expressing their own opinions about what's likely to happen next, accumulating points, affecting the measure of consensus opinion, and proving their expertise. For more information, please visit www.BENMarkets.com or www.PlayPivit.com.

About Broadhaven Capital Partners
Broadhaven Capital Partners is a leading independent investment bank and growth equity investor focused exclusively on the financial services sector.  Broadhaven's advisory business provides unconflicted financial advice on mergers, acquisitions, joint ventures, private placements, restructurings and other strategic transactions.  With clients ranging from large, multinational corporations to emerging growth companies, Broadhaven offers clients unrivaled sector expertise, deep industry relationships and dedicated senior-level attention.  For more information, visit www.broadhaven.com.

Media Contact:
Jen Sanders, Perry Street Communications
[email protected]
(214) 965-9955

SOURCE Binary Event Network

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, discussed how given the magnitude of today's application ...
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, discussed how they built...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
The “Digital Era” is forcing us to engage with new methods to build, operate and maintain applications. This transformation also implies an evolution to more and more intelligent applications to better engage with the customers, while creating significant market differentiators. In both cases, the cloud has become a key enabler to embrace this digital revolution. So, moving to the cloud is no longer the question; the new questions are HOW and WHEN. To make this equation even more complex, most ...
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: imple...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
The past few years have brought a sea change in the way applications are architected, developed, and consumed—increasing both the complexity of testing and the business impact of software failures. How can software testing professionals keep pace with modern application delivery, given the trends that impact both architectures (cloud, microservices, and APIs) and processes (DevOps, agile, and continuous delivery)? This is where continuous testing comes in. D
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve f...
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...