SOURCE: JumpTap

Jumptap

December 01, 2009 09:00 ET

Media and Start-up Veteran Kevin Fortuna of AKF Partners Joins Jumptap Board of Directors

CAMBRIDGE, MA--(Marketwire - December 1, 2009) - Jumptap, the leading provider of targeting and mobile advertising solutions, today announced that Kevin Fortuna has joined the Board of Directors. Fortuna is a media and start-up veteran with deal-making and C-level management experience at both Fortune 500 and smaller companies. As a partner at AKF Partners, Fortuna focuses on helping hyper-growth companies scale and succeed.

"Kevin is an extraordinary addition to our board," said Dan Olschwang, president and CEO of Jumptap. "His operational and business development experience coupled with his successful angel investor and advisor experience will prove invaluable as Jumptap navigates our accelerated growth path."

Most recently, Fortuna was president and CEO of Quigo, an advertising technology company which was acquired by Time Warner's AOL division in 2007. Prior to joining Quigo in 2005, he was the founder and Managing Partner of Dedalus Enterprises, a boutique M&A consultancy and venture firm. Prior to Dedalus, Kevin was a key operating and business development executive at two IPO-track internet companies: Juno Online Services and NBC Internet (formerly CNET/Snap.com).

Kevin has built and managed market-leading business development, electronic commerce, product development, engineering, logistics and customer service organizations and helped to create billions of dollars in equity value. Kevin has also been a highly successful angel investor and advisor to a variety of start-up companies.

"Jumptap's carrier relationships, advanced targeting platform, and technology IP portfolio clearly differentiates them and ensures their future success," stated Kevin Fortuna. "They have reached a phase of hyper-growth, doubling quarter over quarter, which is a perfect fit for my skill set of helping starts-ups grow, scale and succeed. It is an honor to join such a stellar team and be a part of their sensational growth trajectory."

"Jumptap is in the midst of an exciting period of growth, and Kevin's knowledge and experience makes him a valuable addition to our team as we continue to increase momentum and further our leadership position," added John Simon, chairman of the board for Jumptap and managing director of General Catalyst Partners.

About Jumptap

Jumptap is the global leader in mobile advertising solutions, providing superior performance and premium advertising solutions that run across the highest quality premium mobile ad network. Jumptap leverages its search technology and 16 operator relationships to deliver the most advanced targeting intelligence for advertisers seeking the highest return on investment from their campaigns while helping publishers and application developers maximize advertising revenue from their mobile properties. We enable carriers to maintain a profitable position in the advertising ecosystem by securely leveraging their data assets to build targeted user profiles. For more information, visit www.jumptap.com.

About AKF Partners

AKF Partners (www.akfpartners.com) is a boutique advisory firm that specializes in technology and corporate strategy. The four partners of AKF draw on nearly 75 years of combined experience as former executives at Fortune 100 and start-up companies to advise companies on areas as diverse as network scalability, availability, technical operations, personnel, organizational process, and all facets of business and corporate development.

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