Matterport appoints product manager to grow globally

SUNNYVALE, Calif., Aug 03, 2021 (GLOBE NEWSWIRE) – Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company driving the digital transformation of the built world, today announced the appointment of Preethy Vaidyanathan heads Product to lead the company’s strategy and product development globally.

“We are delighted that Preethy is joining our leadership team during this pivotal period of growth for the company,” said Japjit Tulsi, Chief Technology Officer at Matterport. “His spirit of growth and deep experience in scaling technology and cross-functional teams for a global customer base will be invaluable as we strive to make every building, every space more valuable and accessible. “

Vaidyanathan specializes in scaling technology for rapidly growing technology platforms as they accelerate their momentum to reach millions of consumers. Prior to joining Matterport, she was Product Manager at Slice, the food technology market platform serving 16,000 independent pizzerias in 3,000 cities and over 5 million consumers. During his tenure, Slice accelerated product launches to digitally transform local businesses to achieve cumulative sales of $ 1 billion in 2020.

Vaidyanathan was previously a product manager at Tapad, the global leader in digital identity resolution enabling major brands to maximize their investment in digital marketing. She helped transform Tapad from a previously unprofitable managed service to a profitable SaaS platform. During his tenure, Tapad experienced a 69% organic increase in global revenue, through business expansion, use case scaling and global expansion. Prior to Tapad, Vaidyanathan also led product teams at McAfee, AppNexus, Medialets, Vibrant Media and Efficient Frontier.

“Matterport’s ambition to turn buildings into data and make spatial data available to everyone is truly revolutionary,” said Vaidyanathan. “I look forward to helping shape the future of this transformational technology at such an exciting time. “

Vaidyanathan is an active thought leader as a member of the Council of Forbes Agencies and her work is published in Modern Retail, MarTech Advisor, eMarketer and Wall Street Journal. She is a regular industry speaker and panelist. As a mentor at She Runs It, a league of advertising women, Vaidyanathan is passionate about advocating for women in tech. She holds a master’s degree in computer science from the University of California.

Founded in 2011, Matterport has defined the category of spatial data for the built world with its market-leading spatial data platform that turns any space into an accurate and immersive digital twin. Hundreds of thousands of customers around the world have brought more than five million spaces online to date with the Matterport platform to access, manage and use them more efficiently. The company has expanded its market beyond residential real estate to include multi-family and commercial real estate; architecture, engineering and construction; retail; insurance and catering; travel and hospitality; and facility management. Matterport operates primarily on a recurring revenue SaaS model and has grown its subscriber base by over 500% in 2020.

About Matterport
Matterport, Inc. (Nasdaq: MTTR) is leading the digital transformation of the built world. Our revolutionary spatial data platform turns buildings into data to make almost any space more valuable and accessible. Millions of buildings in more than 150 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle, from planning, construction and operations to documentation, evaluation and marketing. Learn more about Matterport.com and browse a digital twins gallery.

© 2021 Matterport, Inc. All rights reserved. Matterport is a registered trademark and the Matterport logo is a trademark of Matterport, Inc. All other marks are the property of their respective owners.

Media contact:
Naomi Petite
Global communications manager
[email protected]
+44 203 874 6664

Investor contact:
Soohwan Kim, CFA
Vice-President, Investor Relations
[email protected]

Forward-looking statements

This document contains certain forward-looking statements within the meaning of federal securities laws, including statements regarding the benefits of the business combination, the services offered by Matterport, Inc. (“Matterport”) And the markets in which Matterport operates, business strategies, debt levels, industry environment, potential growth opportunities, the effects of regulations and Matterport’s projected future results. These forward-looking statements are generally identified by the words “believe”, “plan”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “anticipate”. “,” Opportunity, “” plan “,” may “,” should “,” will “,” would “,” will “,” continue “,” will probably result “and similar expressions (including negative versions of these words or expressions).

Forward-looking statements are predictions, projections and other statements regarding future events that are based on current expectations and assumptions and, therefore, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements contained herein, including the expected benefits of Matterport’s partnership with SIMLAB, Matterport’s ability to implement business plans, forecasts and other expectations in the industry in which Matterport competes, and to identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in documents filed by Matterport from time to time with the United States Securities and Exchange Commission. These documents identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in forward-looking statements. Forward-looking statements speak only as of the date on which they are made. Readers are cautioned not to place undue reliance on forward-looking statements, and Matterport assumes no obligation and, except as required by law, does not intend to update or revise such forward-looking statements, that whether as a result of new information, future events, or otherwise. Matterport gives no assurance that it will meet its expectations.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5b73c2c1-7369-4b64-b304-64dcbfea9004

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