While it's no secret that Ooyala, the Silicon Valley-based online video platform, has been searching for the best and brightest talent for its fast growing company -- today they have announced the appointment of Jay Fulcher as President & Chief Executive Officer. Former CEO and Fulcher will join Ooyala and become a member of the Board of Directors, immediately. Co-Founder Bismarck Lepe, who has led the company since its inception in early 2007, has been appointed President of Product Strategy, reporting to Fulcher, and will focus primarily developing and delivering new products for both the publishing platform and monetization industry. Last month Techcrunch reported that Ooyala was in the process of an executive search which was not motivated by their investor, Sierra Ventures, but by Bismarck Lepe himself as he didn't necessarily think he was the guy to take the company to the next level. Since he and fellow Co-founders Sean Knapp and brother Belsasar Lepe retain control of the company it's important to make sure that they're doing what's best for shareholders and not managing the company with our egos. Lepe explained, "I've been searching for the right guy that's going to help us scale our business for about 6 months now, and after talking to about 25 people who were all very excited about joining and taking the helm as the CEO of the company, we found Jay and invite him and welcome him to the Ooyala family. Jay brings the necessary experience, track record and passion to lead our company. We are extremely pleased to have attracted a CEO of Jay’s caliber to Ooyala. He will have an immediate impact on our aggressive plans for growth.” Jay Fulcher is a long-time enterprise software industry executive who has held a variety of senior executive roles. Most recently, Fulcher served as President & CEO of Agile Software, where he led the sale of Agile to Oracle in late 2007. Prior to Agile, Fulcher spent five years at PeopleSoft, where he led the transformation of PeopleSoft’s $1+ billion global s