Deven Parekh will take part in responsibilities as a Buddy Media Board Observer. Buddy Media helps advertisers manage their existence on the Facebook online community. Buddy Media recently obtained $54 million in venture capital.
Proceeds from the transaction will more than double product, sales, and support staff in the next year for Buddy Media. Additionally, the proceeds will fund additional worldwide offices and also acquisitions.
The Company’s services are for Facebook, however, not solely – advertisers can also use Buddy Media for Twitter, among others as they deem fit. In 2011, Buddy Media has added nearly 200 new customers. This includes some of the world’s most recognizable international brands, retailers, and media companies.