Matterport Names Amy Hsueh as Vice President of Corporate Development

Rhea-AI Summary

Matterport, Inc. (MTTR) announced the appointment of Amy Hsueh as Vice President of Corporate Development on December 8, 2021. Hsueh, formerly of Google, will oversee strategic growth initiatives, including mergers and acquisitions and partnerships. Her expertise in corporate development and finance positions her to enhance Matterport's capacity to meet the increasing demand for digital twins. The company aims to digitize the built world, leveraging its spatial data to provide significant insights and improve building lifecycle processes.

Positive

• Appointment of Amy Hsueh as Vice President of Corporate Development, bringing extensive experience.
• Strategic focus on mergers and acquisitions to drive growth in the digital twin market.
• Strengthened leadership to enhance partnerships and business development strategies.

Negative

• None.

Former Google executive to drive growth opportunities to help the company accelerate the digital transformation of the built world

SUNNYVALE, Calif., Dec. 08, 2021 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company driving the digital transformation of the built world, today announced that Amy Hsueh has joined the company as Vice President of Corporate Development. Hsueh will lead the company’s strategic growth initiatives including Mergers & Acquisitions (M&A), partnerships, and investments. Amy has extensive experience in corporate development, finance, and partnerships for technology companies and arrives at Matterport as the company works to meet the growing demand for Matterport digital twins around the world. 

“As Matterport pursues its mission to digitize and index the entire built world, we continually look for opportunities to accelerate our progress through partnering with and acquiring companies with cutting-edge technology, outstanding teams and durable businesses,” said JD Fay, Chief Financial Officer of Matterport. “We are pleased to welcome Amy to the team. She brings tremendous experience in helping companies define and execute high-impact acquisition and related strategies to drive sustained and accelerated growth.”

Hsueh joins Matterport from Google where she led the development of the partnership ecosystem for Tensorflow, Google’s open source framework for artificial intelligence and machine learning. Prior to Tensorflow, she worked at Google Nest, leading strategic finance and corporate development. Prior to Google, she worked at Time Warner Cable’s corporate development team, where she completed the spin-out from Time Warner, the acquisition of Insight Communications, a minority investment in Clearwire, and the acquisition of the broadcast rights for the Los Angeles Dodgers. Hsueh’s transaction experience spans a variety of company sizes, technologies, and teams core to product strategy and go-to-market acceleration. She brings this wide-ranging experience to lead corporate development at Matterport.  

“I am thrilled to join Matterport and am compelled by the company’s mission to digitize the built world and unlock breakthrough property insights from its unique spatial data library,” said Hsueh. “The world is quickly realizing the benefits of Matterport’s digital twins and the power of building data created from the spaces in which we work and live. I'm excited to help extend and build out our technology and business platforms through strategic opportunities across the globe.”  

About Matterport
Matterport, Inc. (Nasdaq: MTTR) is leading the digital transformation of the built world. Our groundbreaking spatial data platform turns buildings into data to make nearly every space more valuable and accessible. Millions of buildings in more than 170 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. Learn more at matterport.com and browse a gallery of digital twins. 

©2021 Matterport, Inc. All rights reserved. Matterport is a registered trademark and the Matterport logo is a trademark of Matterport, Inc. All other marks are the property of their respective owners.

Note to Editors:

For the company logo and more images, see our media kit.

Media Contact:
Tim McDowd
Director, Communications
press@matterport.com
+1 (650) 273-6999

Investor Contact:
Soohwan Kim, CFA
VP, Investor Relations
ir@matterport.com 

Forward-Looking Statements
This document contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the benefits of the business combination, the services offered by Matterport, Inc. (“Matterport”) and the markets in which Matterport operates, business strategies, debt levels, industry environment, potential growth opportunities, the effects of regulations and Matterport’s projected future results. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “forecast,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions (including the negative versions of such words or expressions).

Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including Matterport’s hiring decisions and ability to implement business plans, forecasts, and other expectations in the industry in which Matterport competes, and identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in documents filed by Matterport from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Matterport assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Matterport does not give any assurance that it will achieve its expectations.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/164f0338-3a41-4089-a594-243a0551ad26

FAQ

What is the significance of Amy Hsueh's appointment at Matterport (MTTR)?

Amy Hsueh's appointment as Vice President of Corporate Development is significant as she brings extensive experience in corporate development from her time at Google, which will enhance Matterport's growth strategies.

How does Matterport plan to accelerate its growth after Amy Hsueh's appointment?

Matterport plans to accelerate its growth by focusing on mergers and acquisitions, alongside strategic partnerships to meet the increasing demand for its digital twins.

Why is Matterport focusing on digital twins?

Matterport is focusing on digital twins to digitize the built world and provide valuable insights throughout the building lifecycle, addressing the growing market demand.

What are Matterport's goals following the leadership change?

Following the leadership change, Matterport aims to enhance its corporate strategies, increase market presence, and improve operational efficiencies through strategic initiatives.