Live Gamer Names William Grosso as Chief Technology Officer and SVP of Product

Live Gamer (www.livegamer.com), the global leader of total commerce solutions for micro-transaction-based businesses spanning online games, virtual worlds, and social networks, announced today the appointment of William Grosso as Chief Technology Officer and SVP of Product for the company. Mr. Grosso is responsible for the efforts of the technology and product teams, tailoring product offerings to customers’ needs and delivering the right solutions to Live Gamer’s global customer base.

"Mr. Grosso has an incredible track-record in software development and product management, so it’s a honor to welcome him into the Live Gamer family," said Andrew Schneider, President and Co-Founder of Live Gamer. "Along with his love of economics and innovative technology, he brings an energy and vision that will help our team grow to meet and exceed our business demands."

Grosso joins Live Gamer from virtual economy platform provider Twofish, which was recently acquired by Live Gamer. As CTO for Twofish, he headed the Twofish Elements product roadmap, platform development and engineering organizations. As an active participant in the software development community, Mr. Grosso has published two books and more than 20 journal articles. He also served as a long-time board member for SDForum.

"I am extremely excited to join the Live Gamer team and continue to help push the envelope for virtual economics and micro-transactions," said Grosso. “My goal over the next two years is to extend our already substantial technological advantage and bring virtual economic functionality to the mainstream, not only for games and the social web, but to any application that depends on commerce for a revenue stream."

Mr. Grosso has held various chief architect and executive engineering roles at companies including Engage, Echopass and Hipbone. He received his Masters of Mathematics from the University of California at Berkeley.

About Live Gamer

Live Gamer is the global leader of total commerce solutions for micro-transaction-based businesses. Spanning online games, virtual worlds, and social networks, Live Gamer provides an advanced offering that goes beyond monetization to drive core business metrics and optimize new transaction-based revenue streams. Combining its micro-transaction platform, primary and secondary market management, fraud and security solutions, scalable publisher support and international payment gateways, Live Gamer's technology has been adopted by leading publishers in gaming, social and entertainment including Acclaim, Funcom, NHN USA, Quepasa, MEG Toys and Sony Online Entertainment, supporting over 65 million users in 23 countries.

Founded in 2007, the company is backed by $26 million in venture funding from Charles River Ventures, FirstMark Capital, Kodiak Venture Partners, Rustic Canyon Partners, Triple Point Capital and Venrock. Live Gamer is headquartered in New York with offices in Los Angeles and Palo Alto, CA and Seoul, Korea. For more information, visit www.livegamer.com or connect with us on Twitter (@livegamer), Facebook or MySpace.