Contact Information: Contact Information Jason Throckmorton or Rachel Levine LaunchSquad 415.625.8555 Offerpal(at)launchsquad(dot)com
Offerpal Media Appoints Bill Lonergan as Chief Financial Officer
Seasoned Executive Assumes Responsibility for All Finance Operations During Company's Extreme Growth
| Source: Offerpal
FREMONT, CA--(Marketwire - March 25, 2009) - Offerpal Media, the leading
monetization platform for social applications and destination web sites
such as social networks, online games and virtual worlds, recently named
Bill Lonergan as its new Chief Financial Officer. With the company
experiencing extreme growth and having recently received a $15 million
Series B round of venture capital funding, Mr. Lonergan was hired to
oversee Offerpal Media's entire finance operations and other key functions.
"We are extremely pleased to welcome Bill to Offerpal Media's management
team," said Anu Shukla, Founder and CEO of Offerpal Media. "He brings a
broad base of financial experience and global expertise to the company, as
well as a stellar reputation within the industry. I am confident that Bill
will provide the financial leadership needed to help drive Offerpal Media's
growth and international expansion, while maintaining our track record of
financial excellence."
A seasoned executive, Mr. Lonergan has more than 25 years of financial
management experience helping technology companies achieve and manage rapid
revenue growth and gains in market share. Most recently, Mr. Lonergan
served as CFO with Blue Lithium,
where he oversaw all finance, operations and corporate development. He was
also responsible for coordinating the due diligence activities relating to
the $325 million acquisition of Blue Lithium by Yahoo.
Prior to Blue Lithium, Mr. Lonergan was CFO of LookSmart, where he was instrumental in
transitioning the company from a search-listing directory to vertical
search technology provider. Before his tenure at LookSmart, he was at Tacit Software,
an enterprise software company focused on expertise location, and
previously he was a senior partner at KPMG LLP. Mr.
Lonergan is a C.P.A., a Chartered Accountant, and a graduate of the
University of Durham, England.
"With Offerpal's explosive growth to date and success working with over
1,000 social Web publishers, this is a wonderful time to come on board,"
said Bill Lonergan, Chief Financial Officer at Offerpal Media. "I am
excited to join the talented management team at Offerpal to build on the
work already accomplished in creating value and financial success for the
company and its partners."
About Offerpal Media
Offerpal Media is the first "Managed Offer Platform" for social
applications, online communities, social games, virtual worlds and the
Apple iPhone. The company's turnkey platform allows publishers to monetize
their traffic through targeted and relevant advertising offers, generating
publisher revenues at a network-wide average of $75 per day for every 1,000
Daily Active Users. Advertisers can tap into Offerpal Media's expansive
network to reach more than 50 million highly engaged and targeted
consumers. Based in Fremont, CA, and backed by top-tier venture capital
firms, Offerpal Media features an experienced management team with deep
roots in online advertising, personalization, and optimization
technologies. For more information, visit www.offerpalmedia.com