Press Room

8/6/2015

Press Release - EquityNet Announces New President & CEO James Murphy

Firm Says Farewell to Crowdfunding Pioneer and Founding Member, Judd Hollas 

Fayetteville, AR, August 6, 2015 (GLOBE NEWSWIRE) -- EquityNet today announced new CEO & President, James Murphy.  Founder, Judd Hollas has decided with the Board of Directors to resign his leadership role.  

Mr. Hollas moved to Arkansas 12 years ago to work on a project that eventually evolved into co-founding EquityNet.  He has given the last 10 years of his life in dedicated service to the company and the crowdfunding industry.  This change has been brought about by a number of factors and was heavily influenced by Mr. Hollas' desire to relocate near his family in Austin, Texas.

"We have built an excellent team at EquityNet with many seasoned veterans and I am confident in their ability to maintain the company's rapid pace of growth and marketplace leadership" says Mr. Hollas. 

EquityNet has selected James Murphy to succeed Mr. Hollas as President & CEO.  Mr. Murphy has been intimately involved with the company for over three years. He holds a board seat, and has previously held titles of VP of Business Development and VP of Strategic Affairs. 

"I have worked with James on many significant and challenging initiatives over the years and believe he has the right combination of industry expertise, management skills, and passion for the company to lead EquityNet to a very bright future" says Mr. Hollas.

"Mr. Hollas helped pioneer the crowdfunding industry that we are starting to see emerge with great veracity," says Mr. Murphy.  "When EquityNet started in 2005, crowdfunding was not yet even a word and people would tell Judd they thought it was crazy to seek capital through the Internet."

The EquityNet Board of Directors and team thank Mr. Hollas for his many years of service and sacrifice in bringing the company to where it is today.  

The company does not expect to make any additional structural or executive leadership changes in the near future.

The crowdfunding industry has made great advances in only a few short years, and has helped entrepreneurs from all industry sectors gain unprecedented access to capital while providing investors with new and exciting investment opportunities that were previously unavailable. “Crowdfunding has become one of the most disruptive industries in today’s financial marketplace,” says Mr. Murphy.  

Industry reports show that the global crowdfunding market generated $16.2 billion in funding transactions in 2014 and is expected to exceed $34 billion in transactions in 2015.  EquityNet is well positioned to capitalize on this booming market and is excited about the company's next 10 years and beyond.

This press release was originally published in Globe Newswire.