ANN ARBOR – Ted Dacko, former CEO of HealthMedia, has agreed to become CEO of a Connecticut-based budgeting software startup, but he doesn’t plan to leave Michigan right away.
Dacko is credited with helping to rescue Ann Arbor-based software firm HealthMedia from financial troubles and leading the company to a blockbuster sale to Johnson & Johnson in 2008. He told Ann Arbor.Com he’s not ready to leave the Ann Arbor area for the East Coast job.
Since resigning from HealthMedia in spring 2010, Dacko formed a consultancy called Arbor Dakota and has been advising various startups, including local companies like Ann Arbor-based InfoReady Corp. and companies located outside of Michigan.
Dacko, who previously served as chairman of budgeting software firm XLerant Inc., was named CEO of the Norwalk, CT-based company, according to a news release.
“I have no immediate plan to move to (Connecticut),” Dacko told AnnArbor.com in an email. “I am keeping my consulting business and plan to do whatever I can to continue to support (Michigan)-based startups. The XLerant team is a very strong one and the company does not require a full-time CEO at this point. When, or if, it does, then I will make a decision.”
Dacko helped build HealthMedia into a major success story for the local software community. The firm’s health coaching software attracted acquirer Johnson & Johnson, which is believed to have paid more than $200 million for the company.
HealthMedia ? which was co-founded by former Ann Arbor venture capitalist and Michigan Gov. Rick Snyder ? is now operated as a subsidiary of Johnson & Johnson. The company is believed to employ between 150 and 200 workers at its Ann Arbor office, although Johnson & Johnson won’t reveal specifics.
ANN ARBOR – Ted Dacko, former CEO of HealthMedia, has agreed to become CEO of a Connecticut-based budgeting software startup.
Dacko is credited with helping to rescue Ann Arbor-based software firm HealthMedia from financial troubles and leading the company to a blockbuster sale to Johnson & Johnson in 2008. He told Ann Arbor.Com he’s not ready to leave the Ann Arbor area for the East Coast job.
Since resigning from HealthMedia in spring 2010, Dacko formed a consultancy called Arbor Dakota and has been advising various startups, including local companies like Ann Arbor-based InfoReady Corp. and companies located outside of Michigan.
Dacko, who previously served as chairman of budgeting software firm XLerant Inc., was named CEO of the Norwalk, CT-based company, according to a news release.
“I have no immediate plan to move to (Connecticut),” Dacko told AnnArbor.com in an email. “I am keeping my consulting business and plan to do whatever I can to continue to support (Michigan)-based startups. The XLerant team is a very strong one and the company does not require a full-time CEO at this point. When, or if, it does, then I will make a decision.”
Dacko helped build HealthMedia into a major success story for the local software community. The firm’s health coaching software attracted acquirer Johnson & Johnson, which is believed to have paid more than $200 million for the company.
HealthMedia ? which was co-founded by former Ann Arbor venture capitalist and Michigan Gov. Rick Snyder ? is now operated as a subsidiary of Johnson & Johnson. The company is believed to employ between 150 and 200 workers at its Ann Arbor office, although Johnson & Johnson won’t reveal specifics.
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