SOURCE: ThinkNear

Thinknear

October 14, 2014 09:00 ET

Loren Hillberg Named as Thinknear President & General Manager

Telenav Vice President and General Counsel Tapped to Lead Thinknear's Next Stage of Growth

SUNNYVALE, CA--(Marketwired - Oct 14, 2014) -  Thinknear by Telenav (NASDAQ: TNAV) today announced the appointment of Loren Hillberg as president and general manager. Hillberg steps into this role as of October 15, replacing current President and GM Eli Portnoy. Portnoy founded the company in 2011 prior to its 2012 acquisition by Telenav.

Hillberg takes charge of Thinknear following almost six years as vice president and general counsel at Telenav, Thinknear's parent company. During the last two years, he has worked closely with Thinknear as a strategic advisor, helping to develop new location-based marketing tools.

"Thinknear has been doing great things, and I plan to continue with the same strategy and vision," Hillberg said. "It's my goal to take the company to the next level, further establishing Thinknear as a leader in mobile advertising while continuing to influence the overall sector as well." Hillberg has successfully driven companies such as Micro Focus, Macromedia and Macrovision (now Rovi) through stages of rapid growth.

"Loren will bring fresh perspective to an already successful part of our company," said HP Jin, Telenav's president and chief executive officer. "We're sorry to see Eli go, but we know that under Loren's leadership and experience with larger-scale businesses, we can expect continued growth and momentum. We would like to thank Eli for his leadership and we are excited to see Loren drive Thinknear's continued success."

"I know that I am leaving Thinknear in excellent hands," said Portnoy. "Over the last two years, I've come to know Loren very well, and I know that he will further accelerate what is already a thriving arm of Telenav. Thinknear will continue pushing the marketplace forward under his leadership."

Hillberg, an alum of Stanford University and the University of California Hastings College of Law, will be based out of Thinknear's Silicon Valley offices and will report directly to Jin.

About Thinknear:
Thinknear is a location technology company and full-service mobile advertising network focused on delivering amazing advertising campaigns for agencies, brands and consumers. Thinknear's platform delivers the accuracy, scale and technology required to effectively leverage mobile location data to power better consumer experiences. In mobile, precision matters, and as a division of Telenav, Thinknear leverages exclusive access to over 14 years of proprietary location data. To learn more, please visit www.thinknear.com and follow @thinknear on Twitter.

About Telenav, Inc.:
Telenav is a leading provider of location-based platform services. These services consist of our map and navigation platform and our advertising delivery platform. Our map and navigation platform allows Telenav to deliver enhanced location-based services to developers, auto manufacturers and end users through various distribution channels, including wireless carriers. We use our map and navigation platform as the basis for delivering enhanced mobile applications such as our industry leading mobile navigation. Our advertising delivery platform delivers highly targeted advertising services leveraging our location expertise.

Copyright 2014 Telenav, Inc. All Rights Reserved.

"Telenav," "Thinknear," the Thinknear logo, "telenav.com," and "thinknear.com" are registered and unregistered trademarks and/or service marks of Telenav, Inc. Unless otherwise noted, all other trademarks, service marks, and logos used in this press release are the trademarks, service marks or logos of their respective owners.

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Contact Information

  • Media Contact:
    Jill Ivey
    WIT Strategy for Thinknear
    215.806.2951
    jivey@witstrategy.com

    Investor Relations:
    Cynthia Hiponia and Alice Kousoum
    The Blueshirt Group for Telenav, Inc.
    408.990.1265
    IR@telenav.com