Motricity Names New CFO, Hiring

Motricity, the premier provider of mobile content and solutions, today announced that it has named Matthew Petzold as chief financial officer. The company has also stated they are aggressively hiring more than 30 open positions within the company.

Matthew Petzold is an industry veteran with more than 18 years of operational and business experience, including financial management, capital investments, acquisitions and mergers. As Motricity?s CFO, Petzold is responsible for the strategic direction, operation and management of the company's financial resources. Petzold most recently served as the CFO of Verestar, a $250 million satellite services provider delivering integrated satellite, terrestrial and Internet solutions where he was responsible for the finance, human resources and legal teams.

Previously, he was vice president and CFO of UUNET, then the largest worldwide Internet Service Provider. There, he was responsible for the company's financial planning and reporting, management reporting, capital investments, mergers and acquisitions and acquisition integration activities, and managed a finance staff in excess of 300 with operations in 29 countries on five continents. During his tenure at UUNET, Mr. Petzold provided strategic and operational financial management during a period of growth from $20 million to $4 billion in annual sales and employee growth from 150 to more than 10,000. Earlier in his career, Petzold served as an audit manager at Arthur Andersen, assisting corporate clients with accounting and business advisory services.

"It is an exciting opportunity for me to be part of such a fast growing industry leader," said Petzold. "I look forward to adding my experience and expertise to an already impressive management team with proven success and solid resources."

Hiring Spree
As a result of strong growth and increasing market opportunities, Motricity also has more than 30 open job positions. Currently, Motricity employs a total of 120 individuals, and on average, the company has hired one new employee every three days over the past few months. These open positions cover a range of opportunities including software engineering, quality assurance engineering, operations, marketing and product marketing, business development, content and developer services and human resources. To see a complete list of positions currently available at Motricity, click here.

"We are very fortunate to have the opportunity to hire so many qualified people at one time to help fuel the company's continued growth and success," explained Ryan Wuerch, Motricity's Chairman and CEO. "Following the $27 million of venture capital we raised at the end of last year and the rapid growth that we are experiencing, Motricity is in a unique position to aggressively add senior management talent like Matt Petzold to help us secure an even more important role in the mobile content ecosystem."