November 15, 2013 16:09 ET

GumGum Awarded Prestigious Patrick Soon-Shiong Innovation Award by the Los Angeles Business Journal

LOS ANGELES, CA--(Marketwired - Nov 15, 2013) -  GumGum (, the leading provider of in-image advertising, today announced that it is the recipient of the Los Angeles Business Journal's 2013 Patrick Soon-Shiong Innovation Award. The prestigious honor celebrates organizations that stretch boundaries and advance the innovative and economic competitiveness of the Los Angeles region. The awards were handed out at a ceremony on November 14 at the Four Seasons Hotel Los Angeles in Beverly Hills.

"Los Angeles is home to many of the most exciting and groundbreaking companies in the world -- each striving to become a 'game-changer' through ingenuity and innovation," said Matt Toledo, Publisher and CEO of the Los Angeles Business Journal. "It is with love and respect for great ideas that we are proud to present this year's awards."

GumGum is among five companies to receive the honor. Other recipients included Blackline Systems, Campus Explorer, OEwaves, and SAFCell.

"We are thrilled and humbled to be among the exceptional companies recognized for an award whose namesake is the living personification of changing the world by thinking outside of the box," said GumGum founder and CEO Ophir Tanz. "It is a testament to our team's hard work that we're able to achieve such significant recognition as we continue to raise the bar for ingenuity in Silicon Beach."

About GumGum
GumGum is the leading in-image advertising provider, driving brand engagement for advertisers and increased revenue for publishers across every screen. Founded in 2007, GumGum is credited with inventing in-image advertising and has since expanded its products to include other high-impact display advertising solutions. The company is headquartered in Santa Monica, California and its investors include NEA, Upfront Ventures, First Round Capital and Crosscut Ventures. For more information, visit

About The Patrick Soon-Shiong Innovation Awards
A regular atop the Los Angeles Business Journal's list of Wealthiest Angelenos, and a past recipient of the LABJ's Business Person of the Year, Dr. Patrick Soon-Shiong's groundbreaking concepts for curing diabetes led to the first nanotechnology-based breast cancer drug, Abraxane, which is credited with saving thousands of lives. Now, for the fourth year, his love of innovation has prompted him to again join the Business Journal in handing out the Patrick Soon-Shiong Innovation Awards to deserving organizations.

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