Tapjoy Appoints Al Wood as Chief Financial Officer

SAN FRANCISCO, July 12, 2011 /PRNewswire/ -- On the heels of raising $30 million in Series D funding from J.P. Morgan Asset Management and all existing institutional investors, Tapjoy, Inc. (www.tapjoy.com), 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 technology, we are well positioned to win in one of the fastest growing global markets. This is truly a unique 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 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 then as a public company, culminating in its successful 2010 merger with Dialogic Corporation, where he became the CFO of the combined entity.

Wood was previously the CFO at PalmSource, the operating system and applications company for handheld devices, where he helped lead the spin out from Palm and managed the company's subsequent IPO.

"Tapjoy is uniquely well 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 technology 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 also a great guy who fits in well with our high-integrity, fast-paced and fun culture."  

About Tapjoy

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 also has offices in New York, London and Tokyo. For more information, please visit www.tapjoy.com.

SOURCE Tapjoy, Inc.