Matterport Names Pranab Sinha as Chief Information Officer

Rhea-AI Summary

Matterport, Inc. (Nasdaq: MTTR) announced the appointment of Pranab Sinha as the new Chief Information Officer, bringing over 20 years of IT and security experience. His role focuses on enhancing operational effectiveness to support the company's rapid global growth. Pranab previously served as CIO at Genesys and has substantial background in infrastructure and SaaS execution. His hiring aims to drive new revenue opportunities and bolster Matterport's leadership in digitizing the built world, leveraging his expertise to expand into new markets.

Positive

• Pranab Sinha brings over 20 years of IT and security experience to Matterport.
• His leadership is expected to enhance operational effectiveness and support rapid global growth.
• Pranab's background includes strategic roles at Genesys, MACOM, and Seagate, potentially offering valuable insights for Matterport's expansion.

Negative

• None.

Seasoned executive brings two decades of experience driving IT, security and infrastructure strategies to support the company’s hypergrowth

SUNNYVALE, Calif., Sept. 16, 2021 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company driving the digital transformation of the built world, today announced that Pranab Sinha has joined the company as Chief Information Officer. Pranab will lead business services strategies that drive resiliency and operational effectiveness as the company continues to grow and scale globally. He brings more than 20 years of experience leading high-performing teams responsible for all aspects of IT vision, security, infrastructure, applications and SaaS execution. Pranab joins Matterport at a pivotal time as the company drives toward rapid enterprise customer growth with some of the largest companies in the world that demand best-in-class operational excellence at scale.

“As Matterport continues on its trajectory to digitize the built world, our leadership in IT is critical to our success,” said Japjit Tulsi, Chief Technology Officer of Matterport. “Pranab is a seasoned CIO and business leader who can lead across functions. He not only understands how to effectively build, scale and operate business systems infrastructure, but how the organization can play a part in driving new revenue opportunities and accelerating our growth.”

Pranab comes to Matterport from Genesys, a leader in multichannel customer experience and contact centers solutions where he was the Chief Information Officer, driving the strategic and tactical IT plans to support the next stage of the company’s growth. Prior to Genesys, Sinha led the IT organization as the Chief Information Officer at MACOM, a semiconductor design and manufacturing company for Data Center, Telecommunication and Industrial and Defense applications. He was also Vice President of IT at Seagate, a multi-billion dollar data storage company, where he co-led the company’s supply chain transformation, earning Seagate recognition by Gartner as one of the top 25 supply chain companies.

“What attracted me to Matterport was the incredible opportunity to devise and drive the company’s overall IT, security and infrastructure strategies during this remarkable time of the company’s growth,” said Pranab. “I’m very excited to join at such an exciting inflection point and help Matterport expand into new geographic and vertical markets.”

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 spaces more valuable and accessible. Millions of buildings in more than 150 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.

Media Contact:
Linda McNair
Senior Director, Communications
press@matterport.com
408.675.8427

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/3fa29df5-c6f3-4789-8373-bc87fb33957a

FAQ

What is the significance of Pranab Sinha's appointment at Matterport (MTTR)?

Pranab Sinha's appointment as Chief Information Officer at Matterport is significant as he brings over two decades of experience in IT and security, which is critical for enhancing operational effectiveness and driving growth.

How might Pranab Sinha impact Matterport's growth strategy?

Pranab Sinha is expected to impact Matterport's growth strategy by implementing IT and security strategies that support operational effectiveness and drive new revenue opportunities as the company expands.

What experience does Pranab Sinha have before joining Matterport?

Prior to joining Matterport, Pranab Sinha served as CIO at Genesys and has also worked at MACOM and Seagate, providing him with extensive experience in IT infrastructure and strategic growth.

When was the press release announcing Pranab Sinha's appointment issued?

The press release announcing Pranab Sinha's appointment as CIO was issued on September 16, 2021.

What is Matterport's business focus?

Matterport focuses on the digital transformation of the built world, utilizing spatial data technology to create immersive digital twins of buildings.