Wize Commerce™ Promotes Derek Yung to SVP of Finance and Corporate Development

SAN MATEO, Calif., Aug. 2, 2012 /PRNewswire/ -- Wize Commerce (www.wizecommerce.com), a global leader in online monetization and traffic acquisition technology, announced today that Derek Yung has been appointed senior vice president of Finance and Corporate Development.  In his new role, Yung will lead the company's finance team and report directly to Wize Commerce CEO, Jeffrey Katz.

"Derek is one of the best financial minds and strategic thinkers that I have had the privilege to work with and he has a vast understanding of our business and our opportunities," said Katz.  "We are pleased to recognize Derek's outstanding leadership and the unique combination of technical and financial acumen he brings to Wize Commerce."

Yung joined Wize Commerce with almost two decades of experience in strategy & corporate development, financial planning & analysis, and business planning. He has held senior-level positions at Accenture, Alvarez & Marsal and LeapFrog Enterprises.

Yung holds a B.S. in Computer Science from Stanford, and an MBA from the Kellogg School of Management at Northwestern University.

About Wize Commerce

Wize Commerce™ (formerly Nextag, Inc.) is a global leader in online monetization and traffic acquisition technology. For over a decade we have been helping clients drive more revenue into their online and offline businesses using optimization technologies that operate on a massive scale.  We own and operate Nextag, guenstiger.de, and FanSnap as the Wize Commerce shopping network all of which utilize our integrated Monetization and Campaign Management suites. Wize Commerce currently drives over $1.4 billion in worldwide sales through its online shopping network and partner sites.  Wize Commerce is headquartered in San Mateo, CA, with offices in Chicago, Tokyo, Hamburg and Gurgaon, India. 

For more information please visit www.wizecommerce.com.

SOURCE Wize Commerce