San Francisco, CA - January 17, 2018 - InMobi, the world’s largest independent mobile advertising platform, today announced the appointment of Marc Steifman as the company’s Chief Financial Officer.
Marc has over two decades of experience working in investment banking focused on growth companies. In the past, he has advised more than 100 clients in transactions totaling over USD $25 billion. In his last stint, he served as Managing Director and Co-Head of Piper Jaffray’s Technology Investment Banking Group. His transaction experience includes advising on M&A, IPOs and raising private capital across the U.S., Europe, and Asia.
“We have found a partner in Marc. His appointment comes at a critical time when, as an organization, all of us are expending a significant amount of our energies on inorganic growth; to explore and foray into newer dimensions of our business. The depth and breadth of his expertise will bring in the financial efficacy that InMobi currently needs, while we continue to scale up at exceptional speed,” said Naveen Tewari, Founder and CEO at InMobi.
Marc’s appointment as the new CFO reinforces InMobi’s recent exponential growth. This is reflective of the company’s profitability propelled by a 10-year foundation that has underpinned that growth; supported by the recent acquisition of Los Angeles based AerServ.
“I am thrilled to join InMobi and the versatile environment that’s currently up for offer at this global company. Finance and business growth have a symbiotic relationship, and I’m thrilled to architect the current inorganic expansion plans that are underway here,” said Marc Steifman, CFO at InMobi. “The finance pillar is integral to any organization’s success, but when global boundaries don’t exist, the continually changing set of circumstances make financial decisions imperative to set a global corporate strategy.”
Marc joins the executive leadership team and will report to InMobi’s Founder and CEO, Naveen Tewari. He will be based out of the San Francisco office.
Before Piper Jaffray, Steifman was Managing Director at Jefferies and Co. and Bear Stearns, and Vice President at Prudential Securities. Marc graduated with an AB in Economics from Dartmouth College, and received an MBA in Accounting and Finance from the University of Chicago Booth School of Business.
InMobi is the world’s largest independent mobile advertising platform that specializes in delivering the best ROI for mobile marketers. A mobile-first and mobile-only platform, InMobi has been pioneering the next generation of ad experiences, including video advertising, on the back of deep learning based optimization engines.
InMobi’s platform help brands, performance marketers and app publishers engage mobile users across different stages of their lifecycle, converting each mobile moment into an opportunity to drive engagement and revenue. Recognized by Fast Company as one of The Most Innovative Companies in 2016, InMobi reaches over 1.5 billion unique mobile devices worldwide and is redefining business models for the mobile ecosystem. For more information, visit www.inmo bi.com