Turbine Welcomes Industry Veterans To Its Board
Former Terra Lycos CEO and Former Microsoft VP Join Award Winning Team
Westwood, Mass. – Dec. 15, 2003 – Turbine Entertainment Software Corp., a leading developer and publisher of online subscription entertainment, announced today that Bob Davis, partner at Highland Capital Partners, and Steve Arnold, co-founder and managing general partner at Polaris Venture Partners, have joined the company’s board of directors. Both Davis and Arnold join the board as representatives of their respective venture firms, which recently lead the way for $18 million in private equity for Turbine.
“Bob Davis and Steve Arnold bring a wealth of industry knowledge, strategic value and experience in building consumer audiences for strong brands like those offered by Turbine,” said Jeffrey Anderson, CEO and president, Turbine Entertainment Software. “Their experience as strategists and operational expertise will be crucial to helping steer the company through its next phase of growth.”
Bob Davis joins Turbine’s board as an experienced media executive and Internet pioneer. He has an exceptional track record in assisting Highland portfolio companies and building successful businesses.
Before Highland, Davis served as the Chief Executive Officer of Terra Lycos and was responsible for the day-to-day operations of the company. Prior to selling Lycos for $5.5 billion dollars to the Terra Networks in October 2000, Davis was President and Chief Executive Officer of Lycos, Inc., and was the company's first employee in June of 1995. In just five years, Davis led Lycos from a company with $2 million in venture capital to a multi-billion dollar business, creating one of the Web's only large, profitable Internet companies. He now serves on the boards of several public and private sector entities and is the best-selling author of "Speed is Life."
Steve Arnold joins Turbine’s board as a seasoned executive with a strong background in technology, broadband and digital entertainment. Along with Jon Flint and Terry McGuire, he co-founded Polaris in 1996.
Prior to starting Polaris, Arnold served as vice president of Broadband Media Applications at Microsoft Corporation. He also was president and CEO of Continuum Productions (now Corbis), a private company founded by Bill Gates to pioneer the creation of large digital libraries for online distribution. Before joining Continuum, Arnold served as vice president and general manager of LucasArts Games and Learning divisions, and vice president of the New Media Group at Lucasfilm Ltd. He continues to serve as vice chairman of the board of directors of the George Lucas Educational Foundation.
About Turbine Entertainment Software
Turbine Entertainment Software Corporation is a leading provider of online subscription entertainment. Formed in 1994 and employing more than 120 employees, the company is the largest and oldest online studio in New England. The company’s propriety technology, the Turbine Engine®, generates some of the most sophisticated 3-D graphics in the world, producing such memorable projects as Asheron’s Call®, Asheron’s Call®: Dark Majesty and Asheron’s Call 2®: Fallen Kings™. Turbine is currently developing The Lord of the Rings: Middle-Earth™ Online and Dungeons & Dragons® Online. For more information, visit the company’s web site.
3/9/2004
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