Nexage Appoints Mobile Industry Veteran Ernie Cormier as Chief Executive Officer

BOSTON, April 28 /PRNewswire/ -- Nexage (www.nexage.com), a leading provider of mobile advertising yield optimization and mediation solutions, today announced the appointment of Ernie Cormier as Chief Executive Officer and President, taking over for Devkumar Gandhi, who will remain active with Nexage as Founder.

Cormier is a content and mobile industry veteran who brings to Nexage a 360-degree perspective on the digital media industry.  He's had responsibilities for content monetization, mobile solutions, and large-scale ad-buying in positions at Lagardere, Nextel Communications, and Virgin Media. He also brings an extensive background in technology, product, and marketing from the aforementioned companies and several select, venture-backed start-ups.

"We are pleased to attract an executive of Ernie's caliber to join Nexage," said Mike Baker, Chairman of the Board, Nexage. "He has a passion for digital content that comes through in his drive to innovate business models and solutions that enable publishers to successfully support content creation."

Dev Gandhi, Founder of Nexage added, "I'm excited to have Ernie on board. He has the vision, leadership, and management experience to drive Nexage's next level of growth and scale."

"I'm thrilled to join the team at Nexage, who have clearly demonstrated the capability to bring innovation and thought leadership to help content companies develop new means of monetization.  We'll continue to evolve our offerings to enable our customers to create and deliver their content and applications in the face of the rapidly changing media landscape," said Cormier.  

Cormier serves on the boards of directors for Integrated Mobile, Inc. of Columbus, OH and New Potato Technologies Inc. of Wilmington, NC.  He previously served on the board of directors for the Cable and Telecommunications Association for Marketing, Europe, an international trade association serving the cable and telecommunications industries. He earned a bachelor of science degree in engineering from Worcester Polytechnic Institute, as well as management certificates from Georgetown University Graduate School of Business and Harvard Business School.

About NEXAGE, Inc.

Nexage is a leading developer of Mobile Advertising solutions that enable companies to maximize advertising revenue from their mobile properties. The company's leading product is Nexage Mediation, a hosted advertising optimization service that enables carriers and media companies to fully control and maximize the monetization of their mobile channels. It has been demonstrated to serve text, banner, in-application and video ads with higher fill rates and effective CPM than could be achieved previously. Currently, Nexage Mediation powers mobile ads for a number of top-tier publishers, broadcasters and operators. Additional information is available at www.Nexage.com.

SOURCE Nexage