Chris Bungo Steps Down After PromoSuite Merges with vCreative
Portfolio - People | Jan 06, 2025 | EIN
Chris Bungo, co-founder of PromoSuite, has stepped down as a Technology Consultant after the company was acquired by Banyan Software in February 2024 and subsequently merged with vCreative. As part of the acquisition agreement, Bungo was to remain in his consulting role for the year 2024. Bungo reflects positively on his time at the company, working alongside key figures in the newly merged entity, including CEO Mary DelGrande. Meanwhile, co-founder Rocco Macri shifts his attention to SportsRantNY.com. Bungo plans to dedicate his efforts full-time to ChrisBungoStudios.com, his project cataloging filming locations. PromoSuite, known for pioneering radio industry workflow software, was originally created in 1992.
Sectors
- Media and Entertainment
- Software and Technology
- Mergers & Acquisitions
Geography
- United States – PromoSuite, vCreative, and the activities of co-founders Bungo and Macri are based in the United States.
Industry
- Media and Entertainment – PromoSuite's software serves the radio industry, which is part of the media and entertainment sector.
- Software and Technology – PromoSuite and vCreative develop software solutions for media workflows, indicative of the technology sector.
- Mergers & Acquisitions – The article discusses the merger between PromoSuite and vCreative, facilitated by their acquisition by Banyan Software.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PromoSuite | Target company | Company | A company that provides workflow software for the radio industry. |
| Banyan Software | Buyer | Company | A software company that acquired PromoSuite. |
| vCreative | Merger partner | Company | The company that merged with PromoSuite post-acquisition. |
| Chris Bungo | Co-founder and former Technology Consultant | Person | Co-founder of PromoSuite and former Technology Consultant. |
| Mary DelGrande | CEO | Person | CEO of the merged vCreative/PromoSuite. |
| Rocco Macri | Co-founder | Person | Co-founder of PromoSuite, now working on SportsRantNY.com. |
| David Singleton | Senior VP of Technology | Person | Senior VP of Technology at merged vCreative/PromoSuite. |