Solo Brands CEO, John Merris, Joins Teikametrics Board

Rhea-AI Summary

Teikametrics (NYSE: DTC) announces that John Merris, CEO of Solo Brands, has joined its board of directors. Merris will represent the voice of the seller on Teikametrics’ board. Since joining as CEO, Merris has grown Solo Brands from $16M in revenue in 2018 to $517M in 2022. He has successfully navigated the company through 3 key transactions, including two to private equity, first in 2019 to Bertram Capital and then again in 2020 to Summit Partners. In 2021, John led the successful IPO of the company under the ticker symbol “DTC.” Teikametrics CEO, Alasdair McLean-Foreman, expressed excitement about Merris joining the board, highlighting his leadership and marketing skills, and the shared vision of AI transforming marketplace advertising. Merris also praised Teikametrics' AI deployment in eCommerce and its planned innovations over the next several months.

Merris to Represent the Voice of the Seller As a Longtime Teikametrics Customer

BOSTON--(BUSINESS WIRE)-- Teikametrics, the leading AI-powered Marketplace Optimization Platform with over $1B+ in annual ad sales optimized, is excited to announce that the CEO of Solo Brands (NYSE: DTC), John Merris, has joined its board of directors.

CEO of Solo Brands and Teikametrics board member, John Merris. (Photo: Business Wire)

Solo Brands is a longtime Teikametrics client, and Merris will represent the voice of the seller on Teikametrics’ board. Since joining as CEO, Merris has grown Solo Brands from $16M in revenue in 2018 to $517M in 2022. He has successfully navigated the company through 3 key transactions, including two to private equity, first in 2019 to Bertram Capital and then again in 2020 to Summit Partners. In 2021, John led the successful IPO of the company under the ticker symbol “DTC.”

“Solo Brands has been on fire under John’s leadership,” said Alasdair McLean-Foreman, CEO of Teikametrics. “He’s an operator who has scaled the business, he has a fantastic eye for marketing, and, most importantly, he shares our vision that AI is transforming how brands are scaling and optimizing their marketplace advertising. We’re very excited to have him on our board, and we know that his point of view will greatly benefit the many sellers that trust Teikametrics to optimize their advertising.”

“Teikametrics is the platform of choice for over 3,000 brands. Solo Brands is one of those, and we have been since before we were a public company,” said John Merris, CEO of Solo Brands. “As we’ve scaled, Teikametrics has been right there with us, scaling our marketplace optimization. It’s been a pioneer in deploying AI in the eCommerce space, and I’m excited to get a birds eye view of the many innovations it has planned over the next several months.”

About Teikametrics

Teikametrics’ AI-powered Marketplace Optimization Platform helps sellers and brand owners maximize their potential on the world’s most valuable marketplaces. Founded in 2015, Teikametrics uses proprietary AI technology to maximize profitability in a simple SaaS interface. Teikametrics optimizes more than $10 billion in GMV across thousands of sellers around the world, with brands including Munchkin, Clarks, Nutribullet, Conair, Nutrafol, and Solo Stove trusting Teikametrics to unlock the full potential of their selling and advertising on Amazon, Walmart, and other marketplaces.

For more information, please visit: http://www.teikametrics.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20231205335887/en/

Chimney Rock Advisors

Nathan Sieminski

nathan@chimneyrockadvisors.com

Source: Teikametrics

FAQ

Who is joining Teikametrics’ board of directors?

John Merris, CEO of Solo Brands, has joined Teikametrics’ board of directors.

What is the ticker symbol for Solo Brands?

The ticker symbol for Solo Brands is “DTC.”

How much has Solo Brands revenue grown under John Merris' leadership?

Solo Brands revenue has grown from $16M in 2018 to $517M in 2022 under John Merris' leadership.

How many brands use Teikametrics' platform?

Over 3,000 brands use Teikametrics' platform.

What type of transactions has Solo Brands gone through?

Solo Brands has gone through two private equity transactions, first in 2019 to Bertram Capital and then again in 2020 to Summit Partners, and a successful IPO in 2021 under the ticker symbol “DTC.”