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Networkplay Co-Founder Sunil Punjabi exits; divests stake to G+J

Close on the heels of Rammohan Sundaram, CEO and Founder of
digital advertising network NetworkPlay exitng the company, another Co-Founder Sunil
Punjabi, who was also the Chief Revenue Officer and Vice President –
Publications has put in his papers at the company, and made an exit by

Close on the heels of Rammohan Sundaram, CEO and Founder of
digital advertising network NetworkPlay exitng the company, another Co-Founder Sunil
Punjabi, who was also the Chief Revenue Officer and Vice President –
Publications has put in his papers at the company, and made an exit by
divesting his stake to Gruner + Jahr (G+J), the company which owns NetworkPlay.

Punjabi was one of the co-founders of Networkplay and led
Sales from the early days of the organization. He was instrumental in achieving
various milestones for Networkplay, including one of the most important, which
is monetization of LinkedIn in India. He was promoted as the Chief Revenue
Officer, a post which he was holding for the last 2 years. He was also heading
the Publications Division, under which, iMedia Connection India was launched by
Networkplay.

In a related development, Hitesh Trehan has been promoted as
Director – Sales and will be in charge of leading the sales and driving
revenues for Networkplay. Trehan was the Business Head of the Impact – the
brand side of business. Trehan has also been with Networkplay for over 3 years
now and has been leading sales in the north and then heading Impact side of
business for the last year.

Sunil Punjabi said, “It has been a great ride for me at
Networkplay, and I want to thank all the clients and publishers for having made
us come this far. The team has been exceptional and I wish Networkplay and the
team the best.”

Hitesh Trehan said “It’s a wonderful feeling to be taking
charge, and I know the team is only raring to go and we would be soon looking
to expand our offerings and make ourselves a reckoning force in the market.
Having been in the system for over 3 years and with G+J backing us we look
forward to serve our clients and enhance value to our publishers at the same
time.”

Ampreet Singh, CEO, Networkplay, said, “Sunil Punjabi was a
team player from the start, and his contributions to Networkplay will be missed
and we wish him all the luck. Hitesh has been with us for over 3 years and we
felt it would be the right opportunity to raise internal talent to the top
management. We look forward to continue to serve the clients and publishers
earnestly in the days to come with all new vigor and a new team.”

In March 2012, G+J, the publishing division of
European media conglomerate Bertelsmann AG, had acquired a majority stake in NetworkPlay. Recently, Gruner + Jahr had acquired Smile Vun Group backed SeventyNine and made a part
of NetworkPlay.

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