BCV Expands Leadership Team and Secures Financing from The PrivateBank to Accelerate Growth

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BCV, a leader in providing 24/7 social media solutions for many of the world's most revered hospitality brands has recently tapped Paul Budak to be Chief Operating Officer and has secured financing from The PrivateBank to accelerate it's growth.

Chicago-based BCV, a leader in providing 24/7 social media management solutions for many of the world’s most revered hospitality brands, has recently tapped veteran operations executive Paul Budak to be Chief Operating Officer.

Budak brings over 25 years of experience in growth strategy, strategic planning, mergers & acquisitions, financing, program management and more to BCV. In his new role as Chief Operating Officer for BCV, Budak is responsible for scaling and operationalizing all aspects of the company, driving the execution of the financing plan, building out the team with exceptional talent, optimizing the company offerings, and enhancing BCV’s client value proposition.

Most recently, Budak served as Senior Vice President at Merge Healthcare, a Healthcare IT and medical imaging company, recently acquired by IBM. Budak relocated to Chicago from Seattle in June of 2010 as a result of Merge’s acquisition of Confirma, Inc. Budak joined Confirma in 2005 as Vice President of Research, Development and Operations, successfully managing the development of their market leading medical imaging software product and improving customer satisfaction. Prior to joining Confirma, Budak was a partner at Encompass Ventures, a Seattle based venture capital company.

“We are thrilled to welcome Paul to the growing BCV team,” said Benji Greenberg, Founder and CEO. “His wealth of operational management experience with a myriad of technology companies as well as his successful track record as a venture capital investor is essential for BCV’s continued rapid expansion within the marketplace. We look forward to accelerating our business to new heights and continuing to be a cutting edge innovator within the social media and hospitality space.”

“I’m excited to join the talented team at BCV,” said Budak. “I see a tremendous opportunity to provide ways to expand and further highlight the company’s passion for social media by leveraging proprietary, cutting-edge software technology and analytics. I look forward to working with the team at BCV to achieve its maximum potential as we rapidly expand the company in North America and soon globally.”

Partnership with The PrivateBank

BCV is also pleased to announced it has secured a recurring revenue-based line of credit financing from The PrivateBank.

“This is extremely exciting for us at BCV to be recognized by The PrivateBank as a dynamic company with the type of potential and opportunities they look for,” said Budak. “With this new relationship with The PrivateBank, we look forward to accelerating our growth, while continuing to deliver outstanding social media management solutions and results to our valued clients.”

“BCV has established a strong presence in serving the hospitality industry,” said John Hoesley, Managing Director and head of The PrivateBank’s Technology Banking Group. “We are pleased to be able to provide financing to support the company’s continued growth.”

About BCV
BCV, located in Chicago, is the premier full-service social media provider in the hospitality industry. The company provides a full suite of social media solutions 24 hours a day, seven days a week. BCV’s comprehensive solutions are supported by a robust arsenal of cutting-edge tools and analytics designed to drive traffic, increase sales, create unforgettable experiences for guests, and mitigate negative customer interactions. BCV currently provides its social media services to hospitality clients operating under some of the most elite brands in the industry including, Four Seasons, Rosewood, InterContinental, Starwood, Hilton, Hyatt, Marriott, Preferred as well as industry leading ownership groups such as Strategic Hotels & Resorts. For more information visit: http://www.bcvevolve.com.

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Lori Alexander
BCV
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