NEW YORK, June 2, 2016 /PRNewswire/ -- Match Group announced today that it has hired Elie Seidman as Chief Executive Officer of OkCupid. Mr. Seidman has over 20 years of experience leading and building consumer tech companies, and previously co-founded high-growth startups, Oyster.com and Epana. Most recently, he served as Chief Revenue Officer at BorrowersFirst.
Mr. Seidman will be responsible for the further growth and expansion of OkCupid. With more than 1 billion matches made since the company's launch, OkCupid is one of the leading, free online dating services. With Seidman's announcement, the company also said that Michael Maxim, current CEO of OkCupid, will segue to the role of ongoing advisor.
"Since its inception in 2004, OkCupid has always had a strong brand and important voice in the dating category and I believe it will continue to be a key free-to-communicate product as the market evolves," said Mandy Ginsberg CEO of Match Group North America. "Elie's entrepreneurial acumen and extensive experience across product, marketing, and business development in the technology sector will be a tremendous asset to the OkCupid team."
"OkCupid was built with genuine dedication to product excellence," said Mr. Seidman. "Its unique and distinctive brand is a reflection of the wit, insight, and passion of a great team. I'm excited to work on a product that uses math and data to, quite literally, help people make the most important decision they'll ever make."
About Elie Seidman
Elie Seidman joins OkCupid from BorrowersFirst where he served as CRO. A veteran company founder, Mr. Seidman has spent his career building and fostering fintech, online travel and telecom businesses. Previously he was COO of BillMo, a fintech startup that developed a mobile wallet and remittance product and network in Mexico and Latin America. Prior to that, he was the co-founder and CEO of Oyster.com, an online hotel review and price comparison site. Oyster was financed by Bain Capital Ventures and Scripps, and acquired by TripAdvisor (TRIP). He was a Venture Partner at Lime Rock Partners and the Founder, President and CEO of Epana, a telecom and money remittance business he led from its founding to more than $200 M a year in revenue.
Since its launch in 2004, OkCupid has become one of the world's fastest-growing dating sites. Their effective matching algorithm is responsible for more than 40,000 first dates every day. OkCupid also reveals interesting stories about dating and relationships on its popular blog.
About Match Group
Match Group is the world's leading provider of dating products. We operate a portfolio of over 45 brands, including Match, OkCupid, Tinder, Meetic, Twoo, OurTime, BlackPeopleMeet and FriendScout24. Each brand is designed to increase our users' likelihood of finding a romantic connection. Through our portfolio of trusted brands, we provide tailored products to meet the varying preferences of our users. We currently offer our dating products in 38 languages across more than 190 countries. In addition to our dating business, we also operate The Princeton Review, which provides a variety of test preparation, academic tutoring and college counseling services.
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SOURCE Match Group