Marin Software (MRIN) Sees Q2 Revenue of $23.6M, CRO to Step Down

Marin Software (NYSE: MRIN), provider of a leading Revenue Acquisition Management platform for advertisers and agencies, today announced that Peter Wooster, Chief Revenue Officer, has decided to leave the company to pursue other opportunities. The sales management team will now report to CEO David Yovanno.

"Peter was the founding member of Marin’s sales organization and has helped build the company from its earliest days to over $77 million in annual revenue last year,” said Yovanno. “We thank him for his contributions to Marin over the past eight years and wish him well in his future endeavors. After recently taking over as CEO of Marin, I look forward to working closely with the sales team, existing customers, and prospects in the quarters to come.”

In addition, Marin is announcing that second quarter revenue, for the period ending June 30, 2014, is expected to be approximately $23.6 million, with a contribution of roughly $300,000 from the recent acquisition of Perfect Audience completed on June 2nd. The company’s regularly-scheduled second quarter earnings conference call will be held on August 6th, 2014, at which time management will provide guidance for the balance of the year.

(Street sees Q2 revenue of $23.09 million)

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