Vendare Media Names Travelocity Founder Terrell B. Jones to Board of Directors
May 31, 2005
Vendare Media (www.vendaremedia.com), a leading provider of performance-based online media and marketing solutions, today named Travelocity founder Terrell B. Jones to its Board of Directors.
Jones transformed a small internal department at The SABRE Group into a profitable Internet venture, with more than 33 million members, 13 million visitors per month and more than $3.3 billion in annual bookings. He is the most recent addition to the Vendare Board, following the appointments this spring of venture capitalist Linda Fayne Levinson as a director and former AT&T executive Robert Kavner as Non-Executive Chairman of the Board.
"Terry Jones is a world class entrepreneur and a genuine innovator in the online space," said Keith Cohn, President and CEO, Vendare Media. "He built a brand with staying power, and brings to our board experience that spans the full spectrum of business activity -- from capital formation to global marketing."
Jones is currently Managing Principal of Essential Ideas, a travel and e-commerce consulting firm, Chairman of Kayak, Inc., a new Internet company focused on travel search, and Special Venture Partner with General Catalyst Partners, a Boston early stage investment firm. Jones serves on the boards of Earthlink and LaQuinta Corporation. Previously, he served on the boards of Overture Services and Entrust.
At Travelocity, Jones created a nationally respected brand and built a successful relationship with Wall Street, moving the company from IPO to profitability. Under Jones, Travelocity grew from 20 people to 1,600, from one location to offices in five states and six countries and to more than $300 million in revenue and profits of $16 million.
Prior to Travelocity, he served as Chief Information Officer of The SABRE Group and President, SABRE Computer Services, among other posts. Jones earned a B.A. in history from Denison University.
About Vendare Media
Vendare Media is a leading online media and marketing company providing solutions for brand marketers, direct marketers and web publishers. Reaching more than 120 million consumers worldwide every month through its proprietary and extended media networks, Vendare Media provides advertisers and publishers with a suite of online solutions including display advertising, co-registration marketing, email marketing, search marketing, promotions and advergaming. The company, founded in 1999, is majority-owned by Idealab, a leading creator and operator of technology businesses.
Vendare Media, which employs more than 200 people, is headquartered at 15260 Ventura Boulevard, Suite 2000, Sherman Oaks, Calif., 91403, with additional offices in New York City and Seattle. The company can be reached at 818-817-2100, or on the web at www.vendaremedia.com.