Monotype Imaging Holdings Inc. (Nasdaq: TYPE), a leading provider of typefaces, technology and expertise for creative applications and consumer devices, has announced that Timothy B. Yeaton, president and chief executive officer of Black Duck Software, has joined Monotype’s board of directors as an independent director. Yeaton, a technology veteran with more than 30 years of software and technology management experience, has also been appointed to the company’s nominating and corporate governance committee.
“Tim brings a tremendous background in understanding software development and middleware requirements, in addition to deep knowledge of the open source industry,” said Robert M. Givens, chairman of Monotype’s board of directors. “Tim’s experience in running a successful software company and navigating today’s rapidly evolving business landscape will be of great value as Monotype continues to diversify and expand further into global markets.”
“Monotype is clearly focused on diversification and serving an expanding base of customers who can benefit from the company’s typefaces, technologies and expertise,” said Yeaton. “I look forward to working closely with the board and management to help maximize Monotype’s impressive potential.”
In 2009, Yeaton joined Black Duck Software, a leading global provider of strategy, products and services for enabling enterprise scale adoption of open source software. During his tenure, the company has experienced almost 40 percent annualized year-over-year growth, completed three major acquisitions and created a joint venture in greater China. Prior to Black Duck, Yeaton served as chief marketing officer at EqualLogic until its acquisition by Dell (Nasdaq: DELL) in 2008. As Dell’s vice president of the Nashua (N.H.) Design Center, Yeaton led the integration of the two companies and managed Dell’s operations in the region. Yeaton also spent several years at Red Hat (NYSE: RHT), a leading provider of open source software solutions, as senior vice president of worldwide marketing and general manager of Enterprise Solutions. At Red Hat, Yeaton was instrumental in expanding its business into the developer and middleware markets with acquisitions of JBoss and MetaMatrix, and he built go-to-market partnerships with companies such as IBM, HP, Dell and Sun Microsystems.