IonQ has entered into a definitive merger agreement with dMY Technology Group III (NYSE: DMYI.U)COLLEGE PARK, MD March 8, 2021 /PRNewswire/ -- IonQ, Inc., (“IonQ”) announced today that it has entered into a merger agreement with dMY Technology Group, Inc. III (NYSE: DMYI.U), a publicly traded special purpose acquisition company (“dMY III”).
Chief Executive Officer
Niccolo de Masi is an experienced public company chief executive officer and board member with deep expertise in mobile, deep tech, and creating software and hardware ecosystems.
He serves or will serve on the Board of all three dMY Technology SPAC-IPOs post close: Rush Street Interactive, Genius Sports Group, and IonQ.
Over the course of his career, Mr. de Masi has consummated over 25 mergers and acquisitions and has raised approximately $3 billion in equity to support public and private companies he has led. He has held leadership positions in five mobile companies: Glu Mobile, Inc. (Nasdaq: GLUU) (“Glu”), Essential Products, Inc. (“Essential”), Xura, Inc. (formerly Nasdaq: MESG) (“Xura”), Hands-On Mobile and Monstermob Group PLC (formerly LSE: MOB) (“Monstermob”). Mr. de Masi became Chief Executive Officer of Glu and of Monstermob before the age of 30.
From December 2014 through its sale to Electronic Arts in 2021 for $2.4B, Mr. de Masi was Chairman of Glu Mobile, a gaming leader. Mr. de Masi was President and Chief Executive Officer from January 2010 to November 2016 and was instrumental in creating many of the app ecosystem’s “firsts,” including developing mobile “freemium” gaming (of which Glu has published approximately one hundred titles), evolving the Android and iOS rewarded advertising ecosystems, and developing some of the world’s first mobile virtual reality (“VR”) and augmented reality (“AR”) experiences. Mr. de Masi additionally helped to create the entire category of celebrity games, launching Kim Kardashian: Hollywood in June 2014—a unique partnership with Kim Kardashian.
Between October 2018 and January 2020 Niccolo served on the Board of Directors of Resideo Technologies, Inc. (NYSE: REZI). He also served as President, Products and Solutions and Chief Innovation Officer. Resideo, which was spun-off from Honeywell International, Inc. in October 2018, is a leading global provider of critical comfort, residential thermal solutions and security solutions primarily in residential environments that operate in the IoT space. Resideo reported approximately $5 billion in net revenue in 2020 with approximately 13,000 employees.
Mr. de Masi serves on the Leadership Council of the UCLA Grand Challenges.
Mr. de Masi has served in numerous additional executive positions:
President of Essential, a mobile phone hardware company from November 2016 to October 2018. At Essential, he partnered with Andy Rubin, who oversaw the development of Android, to create a new full-stack consumer electronics brand and raised approximately $330 million from strategic investors that included Amazon.com, Inc.; FoxConn Technology Group and Tencent Holdings Limited.
Director on Board of Directors and the Audit Committee of Xura from November 2015 until it was taken private in August 2016. Xura was initially part of Comverse, Inc. From this activity, Mr. de Masi gained mobile software experience in the messaging space. (Comverse, Inc. was acquired for approximately $643 million by Siris Capital Group, LLC.)
Chief Executive Officer of Hands-On Mobile from 2008 to 2009. Hands-On Mobile is a feature-phone mobile app company based in San Francisco. During his tenure, Mr. de Masi led the company in raising $130 million in venture funding.
Chief Executive Officer of Monstermob from 2004 to 2007. Monstermob, the London-listed mobile entertainment pioneer, grew its market capitalization over 20 times during his tenure.
Mr. de Masi received first class B.A. and M.Sci degrees in physics from Cambridge University.
Harry L. You is an experienced executive officer, chief financial officer and board member with extensive experience with technology companies. In September 2016, Mr. You founded GTY Technology Holdings, Inc. (Nasdaq: GTYH) (“GTY”), a special purpose acquisition company formed for substantially similar purposes as dMY Technology Group. From September 2016 until February 2019 (when GTY consummated its initial business combination), Mr. You served as President, Chief Financial Officer and Director. Following February 2019, he served in various executive capacities: President (February 2019 to May 2019), Chief Financial Officer (February 2019 to August 2019) and director (serving as Vice Chairman since May 2019).
GTY completed its initial public offering in November 2016, generating aggregate gross proceeds of $552 million. In February 2019, GTY completed its initial business combination in which GTY acquired each of Bonfire Interactive Ltd., CityBase, Inc., eCivis Inc., Open Counter Enterprises Inc., Questica Inc. and Questica USCDN Inc., and Sherpa Government Solutions LLC.
GTY is a software as a service (“SaaS”) company that offers a cloud-based suite of solutions for the public sector in North America. GTY serves some of the fastest growing segments in the government technology sector, including procurement, payments, grants management, permitting, and budgeting.
Previous to founding GTY, Mr. You served as Executive Vice President in the office of the chairman of EMC Corporation (formerly NYSE: EMC) (“EMC). Mr. You joined EMC in 2008 to oversee corporate strategy and new business development, which included mergers and acquisitions, joint ventures and venture capital activity. He was with EMC from 2008 until it was acquired by Dell Technologies in 2016.
Since August 2016, Mr. You serves as a trustee of the U.S. Olympic Committee Foundation, and since January 2019, he serves as a member of the Board of Directors of Broadcom Inc. (Nasdaq: AVGO).
Mr. You has served in numerous additional executive positions:
Director of Korn Ferry International, a global executive recruiting company, from 2004 to October 2016.
Chief Executive Officer of BearingPoint, a leading IT and management consultancy from 2005 to 2007. He also served as BearingPoint’s interim Chief Financial Officer from 2005 to 2006.
Executive Vice President and Chief Financial Officer of Oracle Corporation (NYSE: ORCL) (“Oracle”), helping begin Oracle’s acquisition run with the takeovers of Peoplesoft, Inc. and Retek in 2005 and serving as a member of the Board of Directors of Oracle Japan.
Chief Financial Officer of Accenture from 2001 to 2004, helping take the company public and leading the company to a 35% annual free cash flow growth during his tenure.
Prior to 2001, Mr. You spent fourteen years on Wall Street, including serving as a managing director in the Investment Banking Division of Morgan Stanley, where he headed the Computer and Business Services Group.
Mr. You was ranked #1 Chief Financial Officer by Institutional Investor in the Computer Services & IT Consulting sector in 2004.
Mr. You holds an M.A. in Economics from Yale University and a B.A. in Economics from Harvard College.
Ms. Anderson is an Academy Award and Golden Globe winning feature film producer. From 1993 to March 2018, Ms. Anderson was a producer at Pixar Animation Studios, where she produced films such as “Coco,” “Toy Story 3,” “Cars,” “A Bug’s Life,” “Monsters, Inc.”. Following her tenure at Pixar, Ms. Anderson joined Netflix as a producer. Ms. Anderson was elected to the Producers Council Board of the Producers Guild of America in July 2008. Prior to joining Pixar, Ms. Anderson worked with Angel Studios as the executive producer of their commercial division. Ms. Anderson holds a Bachelor of Arts degree in Environmental Science from San Diego State University.
Ms. Luthi currently serves as the executive vice president and chief administrative officer at Assurant, Inc.. After joining Assurant in 2012, Ms. Luthi was the senior vice president of investor relations, marketing and communications from 2014 until 2015. Prior to joining Assurant, Ms. Luthi served as the senior vice president of corporate communication and investor relations at Accretive Health. Before this, Ms. Luthi held senior-level investor relations and communication roles at BearingPoint and Accenture. Ms. Luthi also helped establish the investor relations department at Omnicom Group after serving as a financial analyst in the Investment Banking Division at Morgan Stanley. Ms. Luthi holds a Bachelor of Science degree in Economics from Georgetown University’s School of Foreign Service.
Mr. Wert has served as a director and chairman of the audit committee of GTY (Nasdaq: GTYH) since completion of its initial public offering in 2016. From 2014 to 2016, Mr. Wert served as the vice chairman and as a director at Evercore Trust Company, N.A., or Evercore, which he formed and organized and was previously the president and chief executive officer from 2009 to 2014. Prior to joining Evercore, Mr. Wert served as an executive vice president and senior trust officer of U.S. Trust Company N.A. for over 20 years. Mr. Wert also founded United Mercantile Bank and Trust Company and served as its president and senior trust officer from 1982 until 1987. Mr. Wert is the principal of Fiduciary Resolutions, where he has been a fiduciary expert since June 2016, providing expert witness services and analysis as well as reviewing corporate governance and other processes use by fiduciaries. Mr. Wert holds a bachelor’s degree in Business Administration and Finance from California State University at Los Angeles.