International Datacasting Corp. Names Lowther CEO

International Datacasting Corp. today announced that Doug Lowther has been named IDC’s new CEO. Lowther is currently executive vice president of Irdeto, a global supplier of digital TV technology and services.  Currently based in Beijing, Lowther will relocate to Ottawa when he begins his work with IDC which the company said it expects to be in the last week of May.

IDC said it expects to complete a private placement with Lowther by April 5, pursuant to which he will purchase 1,100,000 common shares of IDC at 21 cents per share for gross proceeds of $231,000, which will be used for general working capital purposes.  The common shares issued in this private placement will be subject to a four-month hold period from the date of closing in compliance with applicable securities laws.  The private placement will be completed subject to the final approval of the Toronto Stock Exchange.

Lowther has experience developing and executing business growth strategies in digital television, wireless networking, IP-based services and software security. He started with Irdeto as VP of marketing in 2004. More recently, Lowther was responsible for Irdeto’s business with pay TV operators worldwide. He currently heads Irdeto’s sales, marketing, and corporate development teams.

Prior to joining Irdeto, Lowther was an independent consultant and strategy adviser. His previous positions include several executive roles with Nortel Networks, where he was VP-GM of wireless applications and the VP of strategic marketing.  He began his career building network planning and operations systems for telecom operators.