XOS Digital Promotes Matthew Bairos to CEO

NewSpring Growth

Board members Glenn Rieger and Chris McCleary assume new roles

ORLANDO, Fla. – May 28, 2013 –XOS Digital Inc., the leading provider of content management solutions and digital media services for collegiate and professional sports organizations today announced that it has promoted company veteran Matthew Bairos as its new president and chief executive officer. Christopher R. McCleary has been promoted from CEO to vice chairman of the company’s board of directors. 

 “Matt has been a member of the XOS team for the last decade and we are pleased to recognize him with this promotion,” McCleary said. “His successful track record, extensive knowledge of our technologies and understanding of the market will serve him well in his new position.”

 Bairos has served in a variety of roles including client services manager, director of product marketing, vice president of products and services and most recently as the executive vice president and general manager of XOS Digital Team Technologies. In his new role as president and chief executive officer, Bairos is responsible for driving company-wide performance and cross-platform integration of the company’s digital media and coaching technologies products and services. 

 “It is an honor to be selected as the new CEO of XOS Digital,” said Bairos. “I have dedicated my professional life to the sports technology industry and had the privilege of learning from the best along the way. I look forward to serving our great partners, the board of directors, investors and the employees of XOS Digital in a new capacity.”

 In addition to naming Bairos as CEO, the company also announced that Glenn Rieger, XOS Digital board member and general partner of NewSpring Capital, will assume the role of chairman of the board. Bairos will also join the XOS board of directors. Rieger’s firm recently led a syndicate of all existing institutional investors that purchased $5.0 million of newly issued XOS preferred stock designated to fund the market development of the recently announced ThunderCloud portfolio of cloud based sports technology services.

 “Matt has been an asset to the company and led many successful initiatives including the launch of XOS ThunderCloud and Thunder HD,” said Rieger. “We believe these structural changes best position us for success as we transition to the next stage of our profitable growth strategy.”      

 or more information about XOS Digital, visit www.xosdigital.com.