VALLETTA, MALTA / ACCESSWIRE / August 29, 2022 / Media and Games Invest SE (“MGI” or the “Company”, ISIN: MT0000580101; Ticker M8G; Nasdaq First North Premier Growth Market and Scale Segment Frankfurt Stock Exchange, OTCQX: MDGIF) has announced today that Ionut Ciobotaru has been promoted to Chief Product Officer (CPO) and Sameer Sondhi as Chief Revenue Officer (CRO).
Ionut joined MGI in 2019 and Sameer in 2020; both have long-term experience in the digital advertising market. Ionut and Sameer will fill these roles in addition to their current roles as co-CEOs of MGI’s ad-tech arm, Verve+Group, and together they have been responsible for growing the highly successful programmatic advertising business of the Verve Group. Their promotions within MGI reflect its gradual development into an advertising software platform.
In addition to their respective CPO and CRO roles, as co-CEOs, Ionut and Sameer will also be responsible for managing MGI’s advertising software platform. Ionut’s focus as CPO will be on product innovation and building competitive advantages for MGI, including developing and improving innovative privacy-first advertising solutions, such as ATOM, Moments AI and Hybid Cloud. Sameer’s focus as CRO will be on generating B2B revenue for MGI, further developing the sales activities of advertisers and publishers, and be responsible for running MGI’s media business.
Remco Westermann, CEO Media and Games Invest
“Ionut and Sameer have done a great job building our ad technology business over the years. They have excellent industry and product knowledge and are well recognized within the ad industry. Their appointment to MGI’s C-level reflects our long-term focus on the advertising industry. Their appointment completes the management team and underscores our 2025 vision to become one of the top five leading advertising software platforms.”
About Ionut Ciobotaru, CPO MGI and Co-CEO Verve Group (1985)
Education background : Ionut holds a BS/MD in General Medicine and has over 15 years of experience in the advertising technology industry. Ionut Ciobotaru founded the PubNative mobile monetization platform, which develops advertising technologies for publishers to maximize their revenue. Early in his career, Ionut started the web development company Weebo and also held positions at Applift and Electronic Arts.
Participations in the company: 315,267 shares and 700,000 Phantom shares
About Sameer Sondhi, CRO MGI and Co-CEO Verve Group (1974)
Education background : Sameer Sondhi has a master’s degree in computer science, a bachelor’s degree in electronics and more than 20 years of experience in the mobile sector working with operators and media companies. Sameer has held leadership positions at InMobi, Opera Media, GroundTruth, Infospace and LiveWire.
Participations in the company: 800,000 Phantom Shares
Responsible parties
The information contained in this release has been made public through the intermediary of those responsible at MGI as set forth below for publication at the time specified by MGI’s news distributor EQS Newswire at the time of publication of this release. For more information, please contact the responsible persons below.
For more information, please contact:
Soren Barz
Head of Investor Relations
+49 170 376 9571
[email protected], [email protected]
www.mgi-se.com
Jenny Rosberg, ROPA, IR contact Stockholm
+46707472741
[email protected]
Axel Muhlhaus / Dr. Sönke Knop, edicto GmbH, IR contact Frankfurt
+49 69 9055 05 51
[email protected]
About Media and Games Invest SE
Media and Games Invest SE (“MGI”) is an advertising software platform with strong first party games content. MGI’s main operational presence is in North America and Europe. The company combines organic growth with value-generating synergistic acquisitions, which have shown continued strong profitable growth with a revenue CAGR of 77% (2018-2021). In addition to strong organic growth, the MGI Group has successfully acquired more than 35 companies and assets over the past 6 years. The assets and businesses acquired have been integrated and include active use of cloud technology to achieve efficiencies and competitive advantages. MGI is registered as Societas Europaea in Malta (registration number SE 15) and its shares are listed on Nasdaq First North Premier Growth Market in Stockholm and in the Scale segment of the Frankfurt Stock Exchange. The company has two covered bonds listed on Nasdaq Stockholm and on the Frankfurt Stock Exchange Open Market.
The company’s certified advisor on Nasdaq First North Premier Growth Market is FNCA Sweden AB; [email protected]+46-8-528 00 399.
SOURCE: Media and games Invest SE
Check out the source version at accesswire.com:
https://www.accesswire.com/713894/Media-and-Games-Invest-Promote-Ad-Tech-Veterans-Ionut-Ciobotaru-and-Sameer-Sondhi-to-C-Level-Managers
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