PrecisionHawk, a provider of advanced commercial drone technologies, has appointed a new CEO: Michael Chasen, co-founder and former CEO of education technology platform company Blackboard.
According to PrecisionHawk, Chasen brings more than 20 years of software experience to the company. Chasen took Blackboard public in 2004 and eventually sold the company in 2011 to Providence Equity Partners for $1.7 billion. He was then the CEO and founder of SocialRadar, a geo-location company using satellite and street-level imagery to determine the exact location of businesses. SocialRadar was acquired by Verizon last year.
“Michael is a talented and experienced CEO with remarkable success in architecting and scaling a technology platform,” comments Bob Young, PrecisionHawk’s chairman and former CEO. “Under his leadership, PrecisionHawk is well positioned to expand its technology offerings and optimize the integration of its platform into the existing business processes of its clients.”
Founded in 2010, the privately held company is located in Raleigh, N.C., and Toronto, Ontario. It provides an enterprise platform that uses drone technology to collect and analyze data to improve business intelligence. The platform includes automated flight planning, tracking, data collection and analytics.
“Adoption of drone technology among major industries is growing at an incredible rate,” says Chasen. “By engineering an ecosystem that allows companies to gain valuable information, PrecisionHawk is at the forefront of one of the most important areas of technology innovation.”