EQS-News

MGI - Media and Games Invest SE: Prasanna Prasad Appointed CTO of Verve Group

EQS-News: MGI - Media and Games Invest SE / Key word(s): Personnel/Miscellaneous MGI - Media and Games Invest SE: Prasanna Prasad Appointed CTO of Verve Group 07.06.2023 / 09:10 CET/CEST The issuer is solely responsible for the content of this announcement. MGI - Media and Games Invest SE: Prasanna Prasad Appointed CTO of Verve Group

• Prasanna Prasad, Former CTO and Head of Data Sciences at InMobi, Appointed as CTO of Verve Group
   
• Brings Strong Expertise to Leverage First-Party Data Via In-House AI-Routines to Unlock Hidden Revenue and Cost Opportunities
   
• Demonstrated Experience in Leading Large Teams of Over 300 Engineers and Technologists Across Multiple Continents to Build Advertising Platforms at Scale

June 07, 2023 - Media and Games Invest SE ("MGI" or the "Company", ISIN: SE0018538068; ticker M8G; Nasdaq First North Premier Growth Market and Scale Segment Frankfurt Stock Exchange) is pleased to announce the appointment of Prasanna Prasad as Chief Technical Officer (CTO) of its advertising software platform, Verve Group. 

Building large-scale platforms and shaping winning technology-led businesses

With nearly 20 years of relevant engineering and technology experience, Prasanna will be responsible for shaping the strategy for Verve Group’s portfolio of technology services. Throughout his career, Prasanna has been recognized for his efforts in building large-scale platforms and shaping winning technology-led business strategies.

Prior to joining Verve Group, Prasanna served as Chief Technology Officer and Head of Data Sciences at InMobi, where he led a team of over 300 engineers and technologists across North America, the U.K. and India. While at InMobi, he spearheaded the technology strategy for InMobi’s Advertising Cloud and platforms, growing the InMobi SSP and DSP into fully fledged business units.

Experienced in driving technological innovation within ad tech industry.

“We are delighted to welcome Prasanna as the new Chief Technical Officer of our Ad-Software-Platform Verve Group. With his extensive experience and proven expertise in driving technological innovation within the ad tech industry, Prasanna's appointment represents an important leap forward in the further evolution of our company,” said Remco Westermann (CEO of MGI). “Prasanna's strategic vision and proven leadership will create an added value to Verve Group, helping to unlock new opportunities and further strengthen our market position by providing further innovative solutions that meet the evolving needs of our customers. Additionally, Prasanna is experienced in scaling platforms, which is important in relation to our further growth. We are happy that our company’s proven strategy and consistent growth rates help us to attract a talent such as Prasanna."