Adrian J Cotterill, Editor-in-Chief
Back in December 1, 2020 it was announced that Vector Capital, a leading private equity firm specialising in transformational investments in established technology businesses, had entered into a definitive agreement to acquire Mood Media.
This week that transaction was completed and it was also announced Malcolm McRoberts, Operating Executive at Vector Capital, has been named Chief Executive Officer. David Hoodis, who previously served as CEO is out, though the announcement makes the usual “he will continue to support the Company and team on a transitional basis blah blah blah”.
Malcolm McRoberts led the Mood Media acquisition process alongside Vector’s investment team. He brings more than 30 years of executive-level management, operations, and technology experience to Mood Media, having previously served as President of Deluxe Corp’s (a Fortune 500 company) Small Business Services Division, where he led the transformation and growth of the organization from a US-based provider of primarily checks and forms to an international provider of technology-enabled marketing and business operations solutions. Prior to his position as President, he served as Deluxe’s CIO / CTO and also held various senior executive roles at NCR.
Paul Hastings LLP served as legal counsel to Vector Capital on the transaction. PJ SOLOMON acted as financial advisor, and Milbank LLP served as legal counsel to Mood Media.
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