YCD Multimedia Names Sam Losar New CEO
YCD Multimedia, a provider of professional digital signage software solutions names new CEO to lead in continued company growth.
New York, September 19th, 2014 – YCD Multimedia today announced that its Board of Directors named current US president, Sam Losar as the next CEO effective September 15th, 2014. Assuming CEO responsibility from company co-founder Noam Levavi, Losar will be trusted with continuing to expand the growth he achieved in the Americas to its business operations in Europe and Asia.
Noam Levavi co-founded the company in 1999 in Israel and led it for well over a decade. “I'm proud to have collaborated with an amazing team at YCD over the years. Leading YCD from the very birth of the digital signage space has been a magnificent personal journey. Sam and I have been working closely the last few years on building products and a team that can take YCD to its next phase. The time is right for me to hand over the reins to Sam who will continue to plot the growth of our company for the next decade. ” said Levavi.
Losar joined YCD as President of its US operations during its acquisition of Cnario, another leading digital signage software provider in October 2011. Having redeveloped the entire business model, YCD Multimedia quickly expanded its customer base and increased its overall profitability all while focusing on its core competency of developing world class digital signage software. Losar brings 20 years of experience in building and leading businesses.
“I am extremely proud of our company’s accomplishments and thankful in the confidence Noam has had in allowing me the opportunity to positively impact YCD. I’m excited to continue building on a foundation of innovation and to continue to succeed in the future. We have assembled a group of great dedicated professionals over the years and added new talent in the US and overseas. We are well positioned to continue to expand and meet the needs of our customers’ worldwide.” added Losar.
About YCD Multimedia
YCD Multimedia is a leading global provider of advanced digital signage software solutions, serving the retail, telecom, banking, gaming, entertainment, hospitality, educational, transportation and corporate markets. Founded in 1999 (and having acquired Cnario, a leading digital signage company, in 2011), YCD provides businesses and organizations with a fully-scalable platform to attract and engage customers, while communicating their brand. YCD’s software offers unmatched capabilities in driving digital signage networks including high-impact video and mosaic walls in a native, pixel-perfect resolution. To date, the company has partnered with industry leading customers, including Fortune 500 corporations and some of the world’s most recognized brands. YCD operates worldwide with offices in the United States, the United Kingdom and Israel, as well as an international network of partners serving clients around the globe. For more information, visit www.ycdmultimedia.com.
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