The founders of iContact have created a competitive scholarship fund for children of people who were employed by the company from its start in 2003 through its sale — making good on a promise made when the company was sold in February.
Co-founders Ryan Allis and Aaron Houghton donated $1.2 million to create the scholarship fund this month.
The company announced this morning that it hired Jeff Revoy as its chief product, marketing and strategy officer.
Revoy, 43, previously was president of interactive services at Embarq, the telecommunications company that was acquired by CenturyLink. He also worked for Yahoo, and helped run the Internet search company's European business.
iContact officials have said they plan to use some of the money raised for international expansion.
“Jeff’s significant strategic leadership experience with both early stage and established technology companies makes him an excellent choice for this position,” said iContact CEO and co-founder Ryan Allis, in a prepared statement. “His background running an international business will also be an asset as iContact looks to expand to new markets overseas.”
The company is preparing to move into a larger headquarters in Morrisville this month, and now employs more than 230 people.
A few days after throwing a bash at iContact's Durham headquarters for about 500 employees and guests, co-founder and CEO Ryan Allis needs your vote.
The N.C. Technology Association announced today that he's one of four finalists for the trade group's 2010 Tech Executive of the year. The other finalists include David Jones, co-founder and CEO of Charlotte's Peak 10; David Morken, co-founder and CEO of Cary's Bandwidth.com; and Mark Munday, president and CEO of Raleigh's Elster Solutions.
The winner will be chosen by popular vote and NCTA will accept votes through Oct. 15 online here.
It's not clear whether Allis was hoping iContact's big party on Friday, which included free barbecue, blue grass band, bouncy slide and more, might help him win a few extra votes.
To celebrate raising $40 million for continued expansion, Durham technology company iContact is busting out BBQ, blue grass and more.
Company officials will hold a party this afternoon for employees, investors, customers and others at their Durham offices. More than 450 people have RSVPed.
The festivities will run from 4 to 7 p.m., and include face painting, balloon animals, a magician, a bouncy house and a dunk tank. The word from iContact spokesman Chuck Hester is that wunderkind CEO Ryan Allis will get wet.
A rapidly expanding technology company is planning a move to bigger headquarters in Morrisville from its current offices in Durham.
iContact, which sells email marketing services to businesses, announced today that it will relocate to Wake County from Durham in October. The new 70,000 square-foot space, next to Lenovo Group's headquarters in Perimeter Park, can hold up to 500 employees.
iContact now employs 195 people and plans to add at least 40 more this year.
“Our vision is to build a great global company based here in North Carolina,” said CEO and co-founder Ryan Allis, above left, in a prepared statement. “We started out in two rooms in downtown Chapel Hill in 2003. We moved to Durham in 2004 when we reached 12 employees. Our new headquarters location in Morrisville will be a great home to achieve our vision and continue our rapid growth to 500 team members and beyond.”
The April issue of Entrepreneur Magazine features Ryan Allis and Aaron Houghton, the co-founders of iContact, discussing how they run a successful business that also helps others.
The article highlights the Durham-based e-mail marketing company's "4-1s" policy, where iContact donates 1 percent of its payroll, employee time, product and equity to help nonprofit groups.
With $26.4 million in revenue last year, 190 employees and a 2009 payroll of $10.9 million, iContact donated $109,000 in cash last year. The company also donated free usage of iContact to nearly 700 nonprofits and gave each iContact employee two-and-a-half paid days off to perform volunteer work -- effectively generating 475 days of volunteer work among 63 organizations, the article says.
