KDnuggets : News : 2003 : n11 : item3 < PREVIOUS | NEXT >

Features


Subject: DigiMine changes its name, CEO and focus

Seattle Times (June 9, 2003) reports that DigiMine, a data-mining company in Bellevue founded by a band of ex-Microsoft employees, plans to announce a series of changes today -- starting at the top.

Usama Fayyad, the company's co-founder, will remain chairman, but will be replaced as CEO by Bill Gossman, 41, a venture capitalist at Mohr, Davidow, which invested in the company's latest round of funding.

digiMine will also change its name to Revenue Science, reflecting a new focus for the business. Rather than develop a service for a broad number of industries, ranging from automotive to financial services, the company said it will concentrate on only two � retail and media.

Last May, digiMine raised $20.3 million in financing, including about $10 million from Mohr, Davidow. The company, founded three years ago, has raised $45 million to date and has about 80 employees

Here is the full story.

Company's new site is www.revenuescience.com


KDnuggets : News : 2003 : n11 : item3 < PREVIOUS | NEXT >

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