Ruckus Lands $13.7 Million, Names Ex-Napster Exec as CEO

Authored by Mark Hefflinger on August 7, 2006 - 3:32pm.

Herndon, Va. - Ruckus, a provider of digital entertainment services to college students, said on Monday that it has landed $13.7 million in its second round of funding and named Michael Bebel, the former COO of Napster, as its CEO. Battery Ventures, Eastward Capital, Pinnacle Ventures and Shelter Capital participated in the round, which the company plans to use to continue building its business and developing services targeted at the college demographic. Part of that plan was to bring in Bebel. Aside from his role at Napster, he also has been the president and CEO of Mashboxx, and held a number of executive positions with both Universal Music Group and Universal Studios. With the Ruckus service, students can legally download music, access movies and exchange and share downloaded tracks. The company said that it will have more than 70 schools as clients by the start of the fall semester.

http://www.ruckusnetwork.com/newsroom/press_bebel_080706.php