Vdopia Announces Changes in Top Management to Set Stage for Next Level of Development and Growth

Saurabh Bhatia Becomes New CEO; Srikanth Kakani Moves to CTO; and Chhavi Upadhyay is Named President

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| Source: Vdopia
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Saurabh Bhatia, Vdopia's New CEO

FREMONT, Calif., Aug. 13, 2014 (GLOBE NEWSWIRE) -- Vdopia, the global leader in mobile video advertising, today announced a realignment of its top management that positions the company to expand on and expedite its product offerings and enable the company to meet the distinct demands and challenges of the ad tech industry.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=27058

Saurabh Bhatia, who co-founded Vdopia, Inc. in 2007 and has served since as its Chief Business Officer, is appointed Chief Executive Officer, succeeding Srikanth Kakani (also a co-founder) who becomes the company's Chief Technology Officer, a new position. (Ms) Chhavi Upadhyay, another co-founder, who has served as Chief Operating Officer, becomes Vdopia's President, also a new position.

"Under Srikanth's direction, Vdopia served video ads to 63 of the top 100 Ad Age advertisers and expanded globally, opening up offices in nine countries," says Mr. Bhatia. "Building on the momentum set by him, we aim to innovate with greater speed, efficiency and capability in a fast-changing world. We are in the most exciting phase of our growth, as the mobile video ad market is expected to grow by more than 300% in the next four years. As an organization, we will build a stronger, growing business portfolio by further solidifying our core technology offerings. This structural reorganization is indispensable for Vdopia to respond with agility to the changing business environment."

As Vdopia's Chief Executive Officer, Mr. Bhatia will have global responsibilities for driving the company's growth and vision, leading the company's strategy, defining the product road map and be in charge of overall revenue growth. He has over 10 years of sales and business development experience. Prior to co-founding Vdopia, he held executive positions at Maxcellence, Peak Performance Solutions and Insways Software. Mr. Bhatia holds a degree in Industrial Engineering from the Indian Institute of Technology, Delhi.

As Vdopia's first Chief Technology Officer, Mr. Kakani will oversee the development, implementation and growth of Vdopia's technology vision. This includes but is not limited to strengthening the core technology of .VDO, Vdopia's proprietary ad format, launching and building a mobile video marketplace, development of big data targeting engines and Vdopia's approach to native advertising.

Ms. Upadhyay, as the company's President, will provide leadership and direction to human resources, legal, accounting and finance in addition to her current responsibilities of global operations and business development.

"With these management changes we will focus on making internal and external processes at Vdopia more productive, efficient, simple and scalable," adds Mr. Bhatia. "We will continue to focus our energies and efforts on building great products and providing value for our customers, stakeholders and the advertising industry."

Vdopia (http://www.vdopia.com/mobile/) is the global leader in mobile video advertising delivering the best mobile video ad experience for consumers and advertisers across all smartphone and tablet devices. They are the first company to offer the .VDO mobile video format, a proprietary technology which enables delivery of mobile video to more people in more places than any other mobile advertising company in the world. Vdopia's clients include Coca-Cola, Walt Disney, McDonald's, Intel, Microsoft, Ford and hundreds of other leading global brands.

Vdopia also delivers the best publisher solutions, offering easy and efficient integrations to monetize inventory. Its premium mobile video ad units provide the best monetization scheme for both mobile web and app.

Vdopia Inc. is a privately held, venture-backed company headquartered in Silicon Valley with offices in Fremont, CA, New York, Los Angeles, Chicago, London, India and Singapore.

George Simpson
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