Brightcove is announcing some significant executive and board additions today and also posting a review of its '08 progress. On the executive front, Jeff Whatcott (formerly at Adobe and Acquia) is coming on as SVP of Marketing, replacing Adam Berrey, who's been in the role from the company's inception. Mike Quinn (formerly at FAST) is joining as SVP, Sales for the Americas. And David Mendels (formerly at Adobe) and Deb Besemer (formerly at Lotus and BrassRing) are joining the company's board of directors.

As for '08, CEO Jeremy Allaire's letter to customers (posted here) provides the following highlights:

• Launch of Brightcove 3, the updated version of the company's platform
• International expansion with a new office in Germany and formation of a Japanese subsidiary
• Launch of Brightcove Alliance, the ecosystem of 100+ partners (see VideoNuze related post)
• Triple digit revenue growth for third consecutive year
• Plan to reach profitability in '09

As the video management/publishing platform company that has raised the most funding, many in the industry continue to focus on Brightcove as a key indicator of the market's health. With economic and ad spending pressure everywhere, their 2009 progress will be closely watched.

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