Mumbai: Komli Media has announced that current Chief Operating Officer (COO), Prashant Mehta, will become Chief Executive Officer and a member of the Komli Media Board of Directors. Amar Goel, previously CEO and Chairman, will continue his role as Chairman of the Board. In his new role as CEO, Mehta will lead all operational, financial and strategic areas of the business globally.
Prashant Mehta was appointed as the COO of Komli Media in December 2008. In this position, he was responsible for sales, marketing, business development, and operations. He has been instrumental in building a strong team and culture and has significantly deepened relationships with many of the leading agencies, advertisers and publishers. As a result, Komli Media’s revenues have grown over 600% during his tenure. Further, under his leadership, the Company has expanded its global footprint by developing scalable industry leading solutions. He also led Komli Media’s acquisitions of PostClick (Australia) and Indoor Media (United Kingdom) in 2010.
In addition, the Company also announced it is opening a new Engineering Center in Bangalore. Komli Media is aggressively investing in products and platforms, and opening an Engineering Center in Bangalore will enable the Company to access the tremendous talent pool in the market. The Company will continue to grow its Engineering Center in Mumbai and plans to hire more than 50 engineers in the next six months across both centers. Recently, Komli Media raised $15 million in funding led by Norwest Venture Partners. This investment has enabled the Company to accelerate its investment in technology platforms and talent.
“I have very much enjoyed working with Prashant over the last two years, and can really think of nothing more exciting than having him take on this new role. His strong leadership skills, industry experience and business acumen have helped Komli Media expand aggressively in the last two years. I am also extremely excited about the launch of our Bangalore Center as it confirms our commitment to hiring the best and building the most innovative products for digital media. When I look at our product roadmap, it is really exciting to see the capabilities we are developing and the customer value they can deliver,” said Amar Goel, Founder and Chairman, Komli Media.
Prior to joining Komli Media, Mehta was the VP and Head of Monetization for Yahoo!’s (Nasdaq: YHOO) Emerging Markets Group which included India, South East Asia, Middle East & Africa, Eastern Europe and Latin America. Mehta was responsible for sales, business and publisher development, sales operations and advertising platforms across the region.
“I’m thrilled at the opportunity to lead an incredibly talented and committed team at Komli Media. The Company has seen significant acceleration and adoption of its core business and platforms as demonstrated by the growth we’ve experienced. Furthermore, the opening of our Engineering Center in Bangalore will only help increase the pace of innovation and scale our offerings to meet growing demands as well as enable us bring greater value to our customers,” said Prashant Mehta, Chief Executive Officer, Komli Media.