Mark Somol Leaves NeoCarta Ventures for Mzinga

Mark Somol has joined social software developer Mzinga as chief financial officer. He previously was a principal with NeoCarta Ventures.

PRESS RELEASE

Mzinga (http://www.mzinga.com/), the leader in social software, services, and analytics for business, today announced that Mark Somol has joined the company as Chief Financial Officer (CFO).

As Mzinga’s CFO, Somol will oversee all aspects of the company’s finance, corporate development, and strategic initiatives. He has spent the last two decades in senior management and finance roles in high-growth technology ventures, where he directed growth strategies, business planning, and corporate development.

Somol most recently served as Principal at NeoCarta Ventures, a $300 million venture fund that invests in technology and media companies. Somol also served as a board member, observer, or advisor to multiple NeoCarta portfolio companies and worked closely with the companies’ CEOs on business strategy, raising capital, M&A transactions, and operations.

Before that, Somol was co-founder and principal of Highgate Ventures, a $75 million venture fund that invests in information technology companies, and held investing and operating roles at GE Capital and Oracle.

“Mark’s experience across the financial, venture, and business strategy spectrum will be an asset as Mzinga grows in the coming year,” said Barry Libert, Chairman and CEO of Mzinga. “His knowledge will be instrumental as we continue to develop innovative analytics, expand our market presence and further cement Mzinga’s status as the leader in social software and services. We’re thrilled to welcome him to our team.”

Somol earned an MBA with Distinction from the Wharton School of the University of Pennsylvania and a bachelor’s degree in quantitative economics from Stanford University.

About Mzinga

Mzinga is the leading provider of social software, services, and analytics that improve business performance. Through a combination of enterprise-class technology, strategy and online moderation services, Mzinga social solutions enable businesses to increase revenue and lower costs by improving brand visibility, workplace satisfaction, and customer loyalty. Headquartered in Waltham, Massachusetts, Mzinga supports more than 14,000 communities and 1 billion monthly page requests from 40 million unique visitors in 160 countries worldwide.

To learn more about Mzinga, visit www.mzinga.com.

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