Tuesday, May 8, 2007

Thermark Adds Capital, Appoints New CEO

Los Angeles-based TherMark Holdings announced today that it appointed a new President and CEO, Joel Assaraf, and also disclosed it has raised an additional $850,000 in funding. According to TherMark the additional capital came in March of this year. The company develops laser marking technology used for industrial marking on metals, ceramics, and other surfaces. Assaraf was most recently the TherMark's President and Chief Operating Officer. Matt Ridenour, the firm's prior CEO, will remain on the board and in an advisory capacity. TherMark is backed by the Pasadena Angels and the Tech Coast Angels. More information »