RCM Group Receives $ 21 million from RLH Equity Partners
Company Seeks to Speed Up Growth and Hires Kurt Johnson as CEO
The RGM Group, released information about their most recent $ 21 million funding received by Riordan and Lewis & Haden Equity Partners which is one of the leading private equity firms and focuses on high-growth businesses like the RCM Group. The company also announced the hiring of Kurt Johnson as the new CEO “bringing more than 15 years of digital media leadership experience” in companies such as FastClick and Value Click. Johnson believes that the new position is a “rare opportunity to help lead a company” that is already incredibly established in terms of its client base. “
The founder as well as previous CEO Kamran Razavi will continue as a full-time Chief Strategy Officer and both Johnson and Razavi believe that “the funding will enable the profitable Venice, CA-based RGM to aggressively accelerate its national sales, creative product, and technology development efforts.
The newly received investment will be utilized to increase focus on sales growth efforts in the key New York metro market where the company has also opened an office. The RGM Group, which was founded by Razavi in 2004 has been profitable form the very beginning and eventually grew to become one of the biggest digital media companies in the United States with a client base with brands such as Gucci, Chanel, Balenciaga, Alexander McQueen and many more.
The RGM Group, based in Venice, California is a premium online media firm for premium brand advertisers and publishers with the divisions RGM Alliance, RGM Exclusive and RGM Creative.
By Melanie Marusic