Bassel Ojjeh invests in and joins Board of Directors

Published December 2nd, 2009 - 02:38 GMT

Yahoo! Senior Vice President Mr. Bassel Ojjeh Joins as an investor and board member.  Mr. Ojjeh was responsible for managing some of the largest data sets in the world during his 5 year tenure at Yahoo! Inc as SVP of Engineering at the company's headquarter in Sunnyvale, California. Mr. Ojjeh oversaw the group that processed for 25 Terabytes of data per day and powered Yahoo!’s global infrastructure for targeting and advertising.
Mr. Ojjeh left Yahoo! in October 2009 and moved to the region shortly after.  Since then, Mr. Ojjeh has been active in the technology space in the region.  Mr. Ojjeh’s focus, knowledge, and experience will be instrumental in driving the growth of the company; while maintaining focus on operational excellence and efficiency., launched in 2007 as an online platform that allows users to share, discuss, and distribute rich content on the Internet including video, sound clips, images and photos etc.  Starting 2009, has been broadened its offerings into the relevant Arabic Social networking Community.  The company closed its first financing round in Summer 2009 and is in the process of formal fund raising round to finance its next stage of growth and community acquisitions.
 “I am very excited to be part of this company.  I believe this is the right time to be in this space.  The market is growing rapidly; more users are jumping online, more advertisers are spending online, and more people are buying online.” Mr. Ojjeh stated.  “I am looking forward to working with the management team to successfully scale the business while ensuring operational efficiency and business relevance” added Mr. Ojjeh.
“I have been working with Bassel for the past 5 years at Yahoo!, and before that for a decade at Microsoft and as partners in two high-tech startups we co-founded in the U.S.  I am delighted to be working with him again to help grow and scale,” Said Dr. Usama Fayyad, who served as Yahoo!’s Chief Data Officer and Executive Vice President from 2004 to late 2008. Dr. Fayyad, who has invested in as soon as he resigned from Yahoo! and became Executive Chairman, continued:  “Both Bassel and I strongly believe in’s business model and we believe the Internet will increase in relevance and reach in the coming years.” added Dr. Fayyad.
Since its inception, has successfully grown to attract 3 million monthly visitors generating more than 30 million monthly impressions.  The company plans to launch a number of premium services that will provide users with additional value through premium services and innovative on-line applications:
“Our biggest challenge and opportunity is to ensure that we can remain relevant to our Arabic users in the region, while at the same time staying globally competitive.” Said Mr. Majied Qasem, the Company’s CEO.  “Mr. Ojjeh’s insight and experience in this space will be of great value to further enhancing our competitiveness and relevance in the region and to adapt to the rapidly evolving on-line developments and the needs of our users in the Region.”  Added Mr. Qasem.

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