Anneka Gupta to Leave LiveRamp to Pursue New Opportunity
LiveRamp (NYSE: RAMP) announced the departure of Anneka Gupta, president and head of products, effective July 1, 2021, for a senior leadership opportunity in the tech sector. Gupta, a founding member since 2010, played a critical role in the company's growth from 20 to 1,200 employees. LiveRamp will promote existing executives to fill her responsibilities, ensuring a smooth transition. CEO Scott Howe expressed gratitude for Gupta's contributions and confidence in the company's position for continued growth in data connectivity.
- Anneka Gupta's tenure contributed significantly to the company's growth from a startup to a 1,200-person organization.
- LiveRamp is well-positioned for future growth and innovation in the data connectivity industry.
- The departure of a key executive may lead to uncertainty among investors regarding leadership continuity.
- Changes in leadership could impact the company's strategic direction and execution.
LiveRamp® (NYSE: RAMP), the leading global data connectivity platform, today announced that Anneka Gupta, president and head of products and platforms, will leave LiveRamp to pursue another senior leadership opportunity within the technology sector, effective July 1, 2021. Ms. Gupta first joined LiveRamp in 2010 as an early member of the team and has held positions in a variety of functions across the company, including marketing, recruiting, product management and software development.
“On behalf of the entire LiveRamp organization, I want to thank Anneka for the instrumental role she has played in the evolution of our company,” said LiveRamp CEO Scott Howe. “As one of the earliest members of the LiveRamp team, Anneka has dedicated her entire professional career to growing our company from a 20-person start-up in San Francisco to a 1,200-person global team serving the world’s top brands, agencies and publishers. Today, LiveRamp is well positioned for continued growth, with innovative technology and an unwavering commitment to customer success that set us apart within the industry. We’re excited to build on this strong foundation and wish Anneka all the best as she begins her next chapter.”
“It is humbling to have been part of such an incredible team and to have contributed to LiveRamp’s hyper-growth and position as the leader in global data connectivity. I couldn’t be more proud of what we’ve accomplished together over the past decade,” added Ms. Gupta. “Looking ahead, I am confident this team will keep up the impressive momentum and track record of innovation to achieve new levels of growth. I will always be one of LiveRamp’s biggest fans and can’t wait to see all that the team achieves.”
The company intends to elevate two key executive positions within LiveRamp – chief technology officer and chief product officer – to assume Ms. Gupta’s role and responsibilities. Mohsin Hussain will continue to serve as LiveRamp’s chief technology officer, reporting directly to Mr. Howe. In addition, the company has initiated a search to identify its next chief product officer, with a focus on evaluating external candidates with strong enterprise software experience and proven track records of scaling highly innovative product organizations. LiveRamp has built a talented leadership team within its product organization, and anticipates a seamless transition process.
About LiveRamp
LiveRamp is the leading data connectivity platform for the safe and effective use of data. Powered by core identity capabilities and an unparalleled network, LiveRamp enables companies and their partners to better connect, control, and activate data to transform customer experiences and generate more valuable business outcomes. LiveRamp’s fully interoperable and neutral infrastructure delivers end-to-end addressability for the world’s top brands, agencies, and publishers. For more information, visit www.LiveRamp.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended (the “PSLRA”). These statements, which are not statements of historical fact, may contain estimates, assumptions, projections and/or expectations regarding the Company’s financial position, results of operations, market position, product development, growth opportunities, economic conditions, and other similar forecasts and statements of expectation. Forward-looking statements are often identified by words or phrases such as “anticipate,” “estimate,” “plan,” “expect,” “believe,” “intend,” “foresee,” “continued,” “positioned for” or the negative of these terms or other similar variations thereof.
These forward-looking statements are not guarantees of future performance and are subject to a number of factors and uncertainties that could cause the Company’s actual results and experiences to differ materially from the anticipated results and expectations expressed in the forward-looking statements.
Among the factors that may cause actual results and expectations to differ from anticipated results and expectations expressed in forward-looking statements are uncertainties related to COVID-19 and the associated impact on our suppliers, customers and partners; the Company’s dependence upon customer renewals; new customer additions and upsell within our subscription business; our reliance upon partners, including data suppliers; competition; and attracting and retaining talent. Additional risks relate to maintaining our culture and our ability to innovate and evolve while working remotely and within a rapidly changing industry, while also avoiding disruption from acquisition and divestiture activities. Our international operations are also subject to risks that may harm the Company’s business. The risk of a significant breach of the confidentiality of the information or the security of our or our customers’, suppliers’, or other partners’ computer systems could be detrimental to our business, reputation and results of operations. Other business risks include unfavorable publicity and negative public perception about our industry; interruptions or delays in service from data center hosting vendors we rely upon; and our dependence on the continued availability of third-party data hosting and transmission services. Our clients’ ability to use data on our platform could be restricted if the industry’s use of third-party cookies and tracking technology declines due to technology platform changes, regulation or increased user controls. Changes in regulations relating to information collection and use represents a risk, as well as changes in tax laws and regulations that are applied to our customers which could cause enterprise software budget tightening. In addition, third parties may claim that we are infringing their intellectual property or may infringe our intellectual property which could result in competitive injury and / or the incurrence of significant costs and draining of our resources.
For a discussion of these and other risks and uncertainties, please refer to LiveRamp’s Annual Report on Form 10-K for our fiscal year 2021 ended March 31, 2021, and LiveRamp's Quarterly Reports on Form 10-Q issued in fiscal year 2021.
The financial information set forth in this press release reflects estimates based on information available at this time.
LiveRamp assumes no obligation and does not currently intend to update these forward-looking statements.
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