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RMG Networks hires ex Sterling Partners’ operating partner as interim president/CEO

RMG Networks has named Robert Michelson as interim president and CEO. The appointment is effective immediately. Michelson is replacing Garry K. McGuire Jr. Michelson is a former operating partner at Sterling Partners. RMG Networks has also promoted Loren Buck to chief operating officer from executive vice president of strategy and business operations. Headquartered in Dallas, RMG helps companies communicate better using location-based video networks.

RMG

Newly Public, Kleiner-Backed RMG Networks on Why It Chose a Reverse Merger

As of this morning, Kleiner Perkins Caufield & Byers has a new, publicly traded company in its portfolio: San Francisco’s RMG Networks, a digital signage media company that has raised $20 million from Kleiner, DAG Ventures, and National Cinemedia since its 2006 founding. The company didn’t stage an IPO; rather, it completed a reverse merger with the blank check company in a maneuver that landed it on the Nasdaq.

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RMG Networks Buys Pharmacy TV

RMG Networks, a place-based video entertainment company, has acquired Pharmacy TV, an in-store narrowcast media network for pharmacy retail chains. No financial terms were disclosed. RMG Networks is a portfolio company of Kleiner Perkins and National CineMedia LLC, while Pharmacy TV had raised a small amount of funding from Nueva Ventures.

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