Walnut Ventures nets former Overture boss
27 October 2004
Walnut Ventures Inc has announced that it has appointed the former director of business development with Overture (now a wholly owned subsidiary of Yahoo) to its executive team.
Robert Hoult has been named Walnut's new vice president of business development. Mr Hoult has extensive experience in building strategic partnerships and will also be identifying and evaluating acquisition targets to support its aggressive growth strategy.
As director of business development for Overture for five years, Mr Hoult brokered a variety of Overture's largest distribution deals across multiple distribution channels.
Prior to his stint at Overture, Mr Hoult spent five years with The Learning Company in sales and marketing where he was responsible for software sales and promotion across multiple retail channels.
Dan O'Donnell, CEO of Walnut said: "We are thrilled to have the opportunity to add a person of Robert's caliber to the Walnut management team. His extensive search industry experience and vast network of contacts gives us an industry heavyweight to head our business development efforts and drive our business forward as we complete our planned merger with MBSL and continue to work toward other acquisition targets."
"I believe the business strategy that Walnut and MBSL offer is an ideal fit for my background," Mr Hoult added. "I look forward to joining the dynamic Walnut management team to help continue to build their search business and assist with acquisition strategy."
San Francisco-based Walnut signed a letter last week to merge and combine operations with MBSL Group Inc. Walnut owns a number of revenue producing internet search properties and has long-standing partnerships with the top PPC search results providers, while MBSL Group is a publicly traded holding company established to acquire or strategically partner with firms that specialize in providing technology support to the financial and transaction processing industries.
Apply for your free web assessment - get a complete health check and optimisation action plan from Weboptimiser, the experts.
Related news
|
|
Leading brand search engine marketing since 1996
Founded in 1996 as an SEO company, Weboptimiser is today one of the Internet marketing sector's best-known and most respected search engine optimisation (SEO) and pay per click (PPC) search engine marketing companies.
With a unique portfolio of brand-friendly services, including usability, contextual advertising and web analytics, a pioneering methodology that covers all 4 stages of interaction between a web site and its visitors, we make our clients sites faster, smarter, busier and more profitable.
