Offerpal Media Names Mihir Shah as Chief Revenue Officer

December 15, 2009

FREMONT, Calif., Dec. 15 /PRNewswire/Offerpal Media (www.offerpalmedia.com), the leader in virtual currency monetization and online payment alternatives, today announced Mihir Shah is joining the company as Chief Revenue Officer. Bringing more than seventeen years of experience growing Internet and technology companies from the ground up, Shah will oversee all of Offerpal’s commercial activities, including revenue growth and user acquisition. Shah will also be charged with managing the company’s relationships with leading advertisers, developers and publishers.

“These are exciting times for the entire social advertising industry, and Mihir’s extensive background in rapidly growing successful Internet advertising companies puts us in an aggressive position for 2010,” said Offerpal CEO George Garrick. “As CRO of Offerpal, Mihir will maximize revenue opportunities and expand our 160 million user accounts exponentially. We’re thrilled to have him on board.”

Prior to joining Offerpal Media, Shah was Vice President, Ad Network for RockYou, a leading provider of applications and widgets across the social media space, with application properties on major social networks including Facebook, MySpace and Hi5. In a short time, Shah grew the company’s revenues by more than 500% and more than quadrupled gross margin. He was responsible for 15 billion monthly ad impressions, as well as sales, account management, performance marketing, analytics, and publisher management.

Previously, Shah was an investor and founder of CookEatShare.com, a vertical social network connecting home chefs from around the world. Prior to that, he joined QuinStreet pre-revenue as one of only three executives following a Series A round of venture funding. As VP and Worldwide General Manager, Direct Selling Services for QuinStreet, he was responsible for opening all significant international markets for the company, including Japan, China, Europe, and Latin America. Shah began his career as President, CEO and Founder of Liquid Software, where he employed up to 40 people and generated annual revenues in excess of $5 million. Shah received his BA in Quantitative Economics from Stanford University. He can be reached at mihir.shah@offerpal.com.

About Offerpal Media

Offerpal Media is the leader in virtual currency monetization for online games, virtual worlds and social networks. The company’s turnkey payment platform gives consumers the opportunity to earn or buy virtual currency by completing targeted advertising offers or by purchasing it through direct, global payment options. Since its launch in 2007, Offerpal has issued more than 750 billion virtual points to more than 160 million consumers across 2,000 publishers. The company is headquartered in Fremont, California. Investors include Interwest Capital, North Bridge Venture Partners, and D. E. Shaw Ventures. For more information, visit www.offerpalmedia.com.

SOURCE Offerpal Media

Source: newswire

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