|Chicago, January 14, 2009 -VHT, the world's leading provider of visual marketing services for the Real Estate Industry, today announced the addition of Alex Zoghlin, 38, founder and CTO of Orbitz.com and founder of multiple other successful start-ups, to the company's management team as Chief Executive Officer (CEO).
Zoghlin is recognized as one of the Internet's most influential minds, and is well-known and respected throughout the industry for building companies with cutting-edge and easy-to-use Web-based technologies. He began his career in 1995 as the founder and CEO of Web site development firm Neoglyphics Media Corporation, which he later sold to Renaissance Worldwide. In 1999, he founded Sportsgear.com, an online virtual distribution company for small sporting goods retailers, which he sold to GSI one year later. Next, he became founder and CTO of Orbitz.com in 2000 and architected the online agency's industry leading Web site and Supplier Link technology. He left Orbitz in 2004 to become founder and CEO of G2 SwitchWorks, a travel distribution provider that he sold to Travelport in 2008.
The selection of Zoghlin to lead the company is the latest in a series of strategic moves intended to position VHT in an evolving real estate market. In August 2008, VHT received its most recent round of venture funding. Led by Hopewell Ventures, which made its initial investment in 2007, the latest funding will enable VHT to further develop its innovative and soon-to-be-released technology solutions.
For example, Zoghlin's experience will be instrumental in VHT's latest initiative, the Real Estate Media Marketplace (www.realestatemediamarketplace.com), a one-stop time and money savings Web-based platform where real estate professionals and brokerages can purchase and manage media and marketing services from a broad spectrum of leading providers, including Web, print, TV, wireless and direct mail media outlets.
"The current economic climate and the explosion of new media and marketing options is challenging for real estate professionals. In times like these, successful companies identify innovative ways to reinvent themselves and increase productivity, which is why I was drawn to VHT. I'm excited to be able to leverage my experience in creating online solutions that will help VHT and its client roster of market leaders,” said Zoghlin.
"Alex brings to VHT a proven track record in leading and developing high growth technology companies. I'm thrilled to have him join us and lead VHT as we continue to leverage the tremendous growth opportunities inherent in our business model,” said Brian Balduf, VHT Co-Founder and Chairman.
While attending the University of Illinois at Urbana/Champaign, Zoghlin was an original member of the renowned Project Mosaic Web team, helping to develop the first Internet Web server/browser. Zoghlin also served for eight years in the United States Navy (four active and four reserves) as an encryption specialist.
About VHT, Inc.
VHT provides professional production, management and distribution of visual content – including photographs, video, multimedia tours and Video on Demand television spots - for more than $1.5 billion in properties for 3,500 clients and 75,000 real estate professionals. VHT's production services include the creation of visual content by VHT's nationwide team of professional photographers and videographers as well as the award-winning video editors and image specialists at VHT Studios. VHT's ImageWorks visual asset management services provide for the resizing, reformatting, repurposing, tracking and distribution of visual assets for use in all media.