News

Netkey makes CEO change

July 15, 2004

BRANFORD, Conn. -- Netkey Inc., provider of management software for self-service kiosks and interactive technologies, has named V. Miller Newton chief executive officer and a director. He replaces Alex Richardson, Netkey founder, who remains a board member and will serve as executive vice president for business development.

Newton was previously chairman and chief executive officer of Boston-based Lavastorm Technologies. Prior to that, Newton was executive vice president of sales and marketing for TMP Worldwide, now Monster Worldwide, a global marketing communications company and operator of the Monster.com web site. He was instrumental in taking TMPW public in 1996. Newton served as CEO of Monster, where he grew the company from $400,000 to $45 million and from 50 to 230 employees in fewer than 24 months.

"Miller's strong technology background and proven ability to lead and build a business will be a tremendous asset to Netkey as we enter our next phase of growth," said Jim Perakis, chairman of the board of Netkey.

"Miller's energy, strategic sense and operational experience, combined with a clear vision of the dominant role Netkey can play in the self-service market, made him the best choice to lead our organization into the future."

Said Newton, "Our customers say that Netkey software delivers rapid returns by dramatically reducing the time and cost to design, deploy and manage customer and employee-facing applications on kiosks and other interactive technologies."

"I'm excited to be joining the recognized industry leader at this opportune time. Netkey has unlimited potential in this new and exciting market, providing software that provides measurable business value by increasing sales and reducing operational burdens through self-service."

Newton attended the University of South Florida where he majored in marketing and management.