Boom! Former Yahoo Senior VP Joins Loopt As President

One of the most intriguing geolocation services made a major announcement today. Steve Boom, who spent 10 years as Yahoo’s Senior Vice President, was announced as Loopt’s new president.

Sam Altman, the co-founder and CEO of Loopt, had some intriguing things to say about their newly-named president:

He’s grown mobile companies from upstarts to established brands, helping them reach new levels of user engagement and monetization. I fully expect him to do the same for Loopt.

Among the mobile startups that Boom has been put in charge of, mig33 is one of his most successful. According to the Loopt blog, Boom will continue to serve as the chairman of the company, based in Singapore.

Back in July, TechCrunch reported that Loopt had passed the four million user mark, so Loopt is no pushover when it comes to location-based services. While Foursquare, Gowalla and Facebook Places continue to grow, Loopt clearly understands its’ place in a continuously growing and competitive field.

Do you believe that the addition of Steve Boom will help Loopt reach new heights with their location-based service?

(Picture Credit: Loopt Blog)

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