Photobucket Appoints Tom Munro as CEO

Posted by on Oct 26, 2010 in Press Releases | No Comments

Technology industry veteran brings 25 years of experience to the #1 photo sharing site on the Web

Denver, CO – October 26, 2010 – Photobucket Corporation, the world’s leading dedicated photo and video sharing service, is pleased to announce that Tom Munro has been appointed CEO of the company. Since Photobucket’s merger with Ontela in December 2009, he has led the company as acting President and CFO. Munro will continue to be responsible for defining the company’s future growth plans and will lead the new strategic direction of Photobucket in Web, mobile and emerging markets.

Over the last several months, Munro has contributed to the company’s growth with his extensive and successful background in the Internet and wireless technology space. His strong mix of operational, financial, and strategic leadership has helped Photobucket emerge as the top-ranked photo sharing site on the Web. Prior to Photobucket and Ontela, Munro was CFO of Vallent Corp., a $70 million global software company serving wireless carriers, which was acquired by IBM in 2007. Before Vallent Corp., he served as CFO of Quotesmith.com during their initial public offering and was CFO of Donnelley Enterprise Solutions. Previously, he held various finance and operations positions at R.R. Donnelley & Sons.

“As we conducted our CEO search, we quickly realized the best candidate available was already doing the job. We are extremely pleased with how fast Tom took the reigns as president and how much he has accomplished in a short period of time,” said Beau Laskey, managing director of Steamboat Ventures and chairman of the board of directors for Photobucket. “Tom’s leadership and experience with company integration will help Photobucket immensely as the company enters into its next exciting phase of growth.”

Under Munro’s leadership, Photobucket has already been on an aggressive growth path with over four million uploads per day and over 100 million registered users. Munro has also been instrumental in creating the partnerships and strategic transformation that helped Photobucket secure its spot as the # 1 ranked dedicated photo sharing site. This shift positions the company at the center of the massive opportunity between social sharing of photos and videos and the mobile phone’s continued growth as the primary media capture device.

“Photobucket is expanding at a steady pace with both leadership and technology offerings to support the continued growth in this market – especially on the mobile front,” said Tom Munro, CEO, Photobucket. “This is a particularly exciting time to lead the company in creating something that has never been done before and I’m thrilled to be in a position to shape the future of this burgeoning category.”

To create a free Photobucket account, users can visit http://photobucket.com or find the Photobucket Mobile Application available in the app store on all major smartphone platforms. Android G2 users see Photobucket’s recent announcement with T-Mobile regarding the Photobucket mobile app and its automatic photo and video upload capabilities.

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About Photobucket

Photobucket is the world’s leading dedicated photo and video sharing service. With over 100 million registered members, Photobucket users upload over four million images and videos per day from the Web, Smartphones, and connected digital cameras. Photobucket hosts, preserves and protects photos and videos while bringing members the very best browsing, sharing and editing experiences. In addition to uploading and sharing with friends and family on the Photobucket site, users can also instantly share memories across all of the most popular social networks, instant messenger applications, through email, and from their mobile phones. In order to ensure a safe environment for members and partners, Photobucket actively moderates the content posted on the site. Photobucket’s headquarters are in Denver, Colorado with a regional office in San Francisco, California. For the latest feature announcements and news, please visit the Photobucket press blog at http://blog.photobucket.com/photobucket_press.

MEDIA CONTACTS:              

Lisa Dilg

313.399.0892

lisa@perkettpr.com

 

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