Tapjoy Appoints Al Wood as Chief Financial Officer

On the heels of raising $30 million in Series D funding from J.P. Morgan Asset Management and all existing institutional investors, Tapjoy, Inc., a leading independent mobile application network, has announced the addition of Al Wood as chief financial officer.

"I am delighted to join Tapjoy, a clear leader in mobile applications marketing, and to help contribute to our rapid growth and the execution of our exciting plans," said Al Wood. "As demonstrated by the company's recent funding, our leadership in the discovery, distribution and revenue of mobile applications, and our strong foundation of innovative innovation, we are then positioned to win in one of the fastest growing global markets. This is really a unparalleled opportunity with tremendous potential."

Mr. Wood joins the company having most recently served as the chief financial officer of Veraz Networks, a supplier of VoIP (Voice over Internet Protocol) networks and communications equipment in the telecom industry. Mr. Wood was integral in guiding the company from a late stage startup, through an IPO, and at the time as a public company, culminating in its successful 2010 merger with Dialogic Corporation, where he became the CFO of the combined entity.

"Tapjoy is uniquely then positioned in product and market leadership, and the addition of a seasoned executive like Al Wood just furthers our remarkable progress," said Mihir Shah, president and CEO of Tapjoy. "Al's expertise overseeing high-growth research companies, combined with the leadership he's demonstrated throughout his career will be invaluable to Tapjoy as the company continues its upward trajectory. He's as well a great guy who fits in so then with our high-integrity, fast-paced and fun culture."  

The success engine for mobile application distribution

Tapjoy is the success engine for mobile application distribution, engagement and revenue. The company's turnkey in-app advertising platform helps developers acquire cost-effective, high-value new users, drive engagement within their applications, and create incremental income by providing an ad-funded payment method. The Tapjoy network spans over 9,000 applications and 200 million global consumers on iOS, Android and emerging mobile platforms, delivering more than 1.5 million advertising completions per day to applications developers and advertisers. Tapjoy is backed by top-tier investors including J.P.Morgan Asset Management, Rho Ventures, North Bridge Venture Partners, InterWest Partners and D.E. Shaw Ventures. Headquartered in San Francisco, the company as well has offices in New York, London and Tokyo. For more information, please visit www.tapjoy.com.

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