Music Industry News Network [05-07-2018]
Exactuals Adds Jeff Van Driel And Mark Montgomery To Advisory Board
Nashville, TN, May 7, 2018 - Exactuals, provider of an innovative SaaS platform for complex payments in the entertainment industry, has announced the addition of Nashville-based leaders, music industry veteran Jeff Van Driel, and entertainment and tech entrepreneur Mark Montgomery to its advisory board.
Van Driel most recently was the CEO of Naxos of America, the leading independent digital and physical distributor of classical music in North America. He first joined the company in 2007. He has also served as Executive Producer at Nashville independent label Suite 28 Records.
Montgomery has founded and co-founded numerous companies, including the anti-venture fund, FLO and most recently, IDDO, an innovation lab. Active throughout Tennessee, Montgomery's influence can be found in everything from tech recruitment to state-run brand accelerators, and he is a long-time fixture in the growing Nashville venture community. He is also a professor in the College of Media and Entertainment at MTSU, where he is working to create a better education continuum for the next generation of leaders.
“In my 10+ years at Naxos, I saw firsthand how complicated metadata management, royalty calculation, and payment execution can be in the music space,” Van Driel said. “Exactuals is doing exactly what needs to be done to make the process smoother and more secure, and I look forward to lending my voice to their team.”
“Having created, led and advised a wide variety of businesses over the years, including in the music sector, I instantly appreciated the impact that Exactuals was going have on both payments and business intelligence,” Montgomery said. “As a longtime advocate for the creative community in Tennessee, I welcome their expanded team to Nashville and look forward to working with them.”
“Jeff Van Driel brought tremendous success to Naxos of America and is one of the most intelligent and well-respected music industry voices in Nashville,” Exactuals CEO Mike Hurst said. “Mark Montgomery has been involved with many successful endeavors, and his accumen in commerce, marketing, and entrepreneurship will benefit our company greatly as we expand in the music sector. Jeff and Mark will help to guide our growing team in Nashville and we are thrilled to welcome them to our advisory board.”
The additions to the advisory board come as Exactuals, which has brought an unprecedented level of precision, transparency, and security to residual payments, reporting, and analytics in the film and TV industry for years, expands further into the music industry.
The Exactuals team will share additional news and details about its music platform on-site at Music Biz 2018 in Nashville, Tennessee (May 14-17), where the California-based company recently opened an office to more closely serve Music City’s strong music community.
Since its founding in 2011, Exactuals has established itself as the SaaS leader in the film/TV payments space, solidifying high-profile deals with the industry’s largest talent union, SAG-AFTRA (Screen Actors Guild), and the industry’s largest payroll company, Entertainment Partners. It has received more than $23 million in funding to date.
For more information on Exactuals, please visit www.exactuals.com.
Exactuals is a Software as a Service (SaaS) company modernizing the way the entertainment industry makes payments, including residuals, royalties, marketplace payments, and similarly complex transactions. Exactuals' flagship product, PaymentHub, helps film studios, payroll companies, record labels, publishing companies, and marketplaces pay rightsholders securely, accurately, and quickly in over 100 countries, through its partnership with City National. PaymentHub then provides feature-rich online portals for all parties involved in the transaction. Founded in 2011 with the mission to modernize the film/TV payments space, Exactuals has recently expanded into the music industry. The company is led by a team of software and entertainment veterans including CEO and Co-Founder Mike Hurst, CTO and Co-Founder Jason Hiller, Head of Music Product Chris McMurtry, and Head of Partnerships/Business Development Jack Cyphers. Exactuals is headquartered in Los Angeles, California and is funded by leading strategic and venture investors such as City National, Entertainment Partners, TTV Capital, and Stanford StartX Fund. For more information, please visit www.exactuals.com.
Exactuals Press Contacts
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