August 30, 2010 – MOUNTAINVIEW, Calif. – Loopt, the leading location-based services company, announced today that Steve Boom, a seasoned mobile and Internet industry executive, will join the company as president, effective immediately.
Steve Boom’s past experience includes 10 years as senior vice president at Yahoo where he was responsible for all of Yahoo’s global mobile products, partnerships and advertiser offerings. Most recently, Boom led mobile startup, mig33, growing that company’s mobile service to more than 30 million users in more than 200 countries worldwide; mig33 is estimated to be one of the most downloaded apps for mobile phones worldwide. Boom will continue to serve as chairman of Singapore-based mig33.
“Steve is a tremendous addition to the Loopt management team, enabling us to capitalize on the exciting opportunities available in the location-based services market,” said Sam Altman, co-founder and CEO, Loopt. “He’s grown mobile companies from upstarts to established brands, helping them reach new levels of user engagement and monetization. I fully expect him to do the same for Loopt.”
Said Boom, “I’m thrilled to be joining the dynamic team at Loopt, which pioneered mobile location-based services. There’s no question that this is the hottest space in mobile and is heading into the mainstream. The timing is perfect to transform Loopt’s early leadership into a truly remarkable company.”
Boom, with Altman, will be responsible for driving Loopt’s growth and monetization strategies. His role on the team will be key to extend Loopt’s leadership in location-based services. Boom will work out of Loopt’s Mountain View, Calif. headquarters.
About Loopt
Loopt is the leading location-based mobile social mapping company. Loopt produces a suite of mobile applications including Loopt, Loopt Star, Loopt Pulse for iPad and Loopt Mix, to allow users to discover the world around them. Loopt products use location on mobile phones, iPad and iPod touch devices to help their users find and enjoy the friends, places, and events around them right now. Loopt Star is a mobile rewards game that lets consumers check in to compete with friends and win real-world rewards from retailers and organizations. Loopt Star offers businesses a virtual loyalty card, allowing them to connect directly with their customers when they’re out and about. The Loopt services have more than 4 million registered users and partnerships with every major U.S. mobile phone carrier. See loopt.com for details. Loopt was designed with privacy considerations at its core and offers a variety of effective and intuitive privacy controls. Find Loopt on twitter.com/loopt and facebook.com/loopt