Industry NewsTechnology

ActiveRain CEO steps down

Network's CTO also resigns
Published on May 11, 2011

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by CareyBot

ActiveRain co-founder Jonathan Washburn has stepped down in his role as the real estate network's CEO to focus on his new venture, daily deals site DailyTicket, the network announced in a blog post.

Nikesh (Niki) Parekh is now the network's CEO. Parekh was formerly CEO of online marketing company Propel and a consultant for ActiveRain.

Washburn founded ActiveRain in 2006 with Matt Heaton. Washburn will continue at ActiveRain as an "adviser, product champion and significant shareholder," the post said.

ActiveRain's chief technology officer and vice president of product development, Jorgen Hahn, has also resigned from the network. Hahn apparently objected to some recent developments at the company, according to a blog post today.

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