OnLive has been on a roller coaster the last few weeks, and today some of the secrecy behind the assets acquisition and the company’s future has been lifted. For starters Steve Perlman, OnLive’s founder and former President and CEO is out of the company, he is headed to pursue other endeavors. Meanwhile we now know who the secret investor is Gary Lauder, who is the lead investor in OnLive and the Managing Director of Lauder Partners LLC, will become the new Chairman. The company also announced that Charlie Jablonski, the former head of OnLive operations, will become OnLive’s COO and acting CEO.
Full press release of the changes is below:
OnLive Investor Gary Lauder Becomes Chairman of the On-demand Cloud Services Company
Former head of OnLive operations Charlie Jablonski to become OnLive’s COO and acting CEO
Palo Alto, Calif. August 27, 2012—OnLive, the pioneer of instant-action cloud computing, announced today that Gary Lauder, the lead investor in OnLive and the Managing Director of Lauder Partners LLC, will become the new Chairman. The company also announced that Charlie Jablonski, the former head of OnLive operations, will become OnLive’s COO and acting CEO. Steve Perlman, OnLive’s founder and former President and CEO, is departing to work on his myriad of other projects. “Steve has created an extraordinary company that no one else could have created. He is a unique entrepreneur and deserves his legendary status in Silicon Valley as a creator of groundbreaking companies,” said Chairman Gary Lauder.
“The new OnLive is emerging with greater financial security and a brighter outlook on the future. OnLive is now positioned to execute against longer-term projects with our breakthrough technology, products and services,” said Lauder, also adding, “I spent my first week with OnLive listening, to gather people’s thoughts and suggestions. It’s an impressive group, and I am even more convinced that this company is poised for greatness.”
The company plans to continue building the OnLive management team in key categories as the company delivers on its mission of breaking new ground in cloud services both for games and remote application delivery to thin devices, legacy platforms or any platforms with a fast connection. The new OnLive is looking to hire great people for the business development team, as well as a senior marketing leader.
OnLive is the pioneer of on-demand, instant-action cloud computing and instant-play video game services, delivering real-time interactive experiences and rich media through the Internet. With groundbreaking video compression technology, OnLive harnesses cloud computing to provide the power and intelligence needed to instantly deliver full-featured, media-rich applications and the latest, premium game titles to tablets, smartphones, PCs, Macs and HDTVs via the OnLive® Game System or connected TVs. OnLive is available in North America, the UK and Belgium and will continue expanding into Europe and Asia. OnLive’s technology is backed by hundreds of patents and patents pending worldwide. The company is headquartered in Palo Alto, California. More information is available at www.onlive.com, www.onlive.co.uk and www.onlive.be.
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