Wednesday September 26,2012 : GIGAMEDIA APPOINTS HEAD OF ONLINE GAME DIVISION
Will drive online gaming subsidiary FunTown
GigaMedia Limited has appointed Steve Tsao as president and chief operating officer of online gaming business FunTown.
Tsao co-founded United Arab Emirates-based Tahadi Games and led the company from November 2008 to December 2011 as chief executive officer. During that time, Tahadi expanded its operations to four different countries; valuation increased more than five times.
Prior to that, Mr. Tsao co-founded IP E-Games in the Philippines. Under his leadership as a director and president, the company grew in four years from a start-up to a publically traded market leader in Southeast Asia.
He was also founder, director, and chief operating officer of IP-Ventures Group from 2004 to 2008, an investment incubator focused on technology and media companies in Southeast Asia.
"Steve is the real deal: a great strategic thinker with strong operational skills and an avid gamer/successful entrepreneur who knows how to win – all the skills, qualities and experience we need to build New FunTown," said GigaMedia chief executive officer John Stringer. "Steve is already driving change to reinvigorate and strengthen New FunTown, positioning our games business for an improved 2013."
Tsao has been tasked with the creation of a new business model and the growth of FunTown as well as FunTown's development to the web and mobile gaming platforms.