Scott Roessler named president to continue accelerated growth of NEWSCYCLE’s transformative solutions for media companies
Bloomington, MN – May 26, 2017 – NEWSCYCLE Solutions (“NEWSCYCLE“), a leading provider of software and services for the global media industry, today announced that Scott Roessler has been promoted to the role of president at NEWSCYCLE. In this role, Scott will report to the NEWSCYCLE board of directors and assume responsibility for all functions and the day-to-day operations of the company.
CEO Preston McKenzie will be moving to a newly created role of Executive Chairman at NEWSCYCLE, where he will work closely with Scott and the board on the strategic direction of the business, as well as on key initiatives for the company.
In announcing the promotion, McKenzie said, “Scott is uniquely qualified for the role of president at NEWSCYCLE. He came to NEWSCYCLE with the Atex acquisition, where he was CEO of the North American business. During his tenure as NEWSCYCLE’s Chief Operating Officer, Scott has led several transformative initiatives, including the transition to Amazon Web Services for hosting, significant enhancements in the professional services and support processes, increased product go-lives, a new client portal and more.”
As a former developer and entrepreneur, Roessler brings a strong combination of strategy, product development and sales experience to his new role. As a veteran of the news media industry, Scott has developed strong customer relationships, which will enable him to serve as a trusted ambassador for NEWSCYCLE to its global client base.
“Scott has achieved this success with the help of a great team that he has recruited and coached, and that will continue to form the backbone of NEWSCYCLE’s client operations,” said McKenzie. “While my role in the day-to-day operation of the business will be reduced, I am glad to be able to continue to work with the leading technology provider to the global media market, and to help our important clients to embrace the future of journalism and media. I look forward to supporting Scott and the executive team, and to playing a part in the future success of this important company.”
“We have thoroughly enjoyed working with Scott over the past several years and have been impressed by his work ethic, leadership and commitment to clients and employees alike.” said Alan Cline, principal at Vista Equity Partners and co-head of the Foundation Fund. “We are looking forward to working even more closely with him as we expand NEWSCYCLE’s client focused initiatives.”
About NEWSCYCLE Solutions
NEWSCYCLE develops and delivers software technology that empowers the global news media industry. Our editorial, advertising, circulation and mobile solutions enable publishers to drive profitability, accelerate digital business models and optimize core print operations. We help our clients create stronger, better-informed communities while safeguarding the integrity of news, advertising and customer information. NEWSCYCLE is a trusted partner serving over 1,200 media companies with 3,000 properties producing more than 8,000 titles in 30 countries. Our company is headquartered in Bloomington, MN and has U.S. offices in Florida, Michigan and Utah; with international offices in Denmark, Germany, Malaysia, Australia, Sweden, Norway, Canada and the United Kingdom. Please visit newscycle.com for more information or write to us at firstname.lastname@example.org.
About Vista Equity Partners
Vista Equity Partners, a U.S.-based investment firm with offices in Austin, San Francisco, Chicago, and Oakland with more than $30 billion in cumulative capital commitments, currently invests in software, data and technology-enabled organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For more information, please visit www.vistaequitypartners.com.
Peter G. Marsh
Vice President, Marketing