Forbes Media has acquired Camerama, a private photo sharing app.
Effective today, Camerama’s founder, Camerama Salah Akram Zalatimo, will step into the role of vice president of mobile products.
“What attracts me to Forbes is the bold and visionary management team that has embraced the transition from traditional to digital media. While many companies continue to struggle, Forbes has thrived,” he said. “I’m excited to take what we have developed in Camerama and add to it the talented team and the resources of Forbes.”
Zalatimo will report directly to Forbes’ chief product officer Lewis D’Vorkin, who believes that the acquisition will help Forbes achieve its long-term goals.
“Salah brings with him a unique set of skills, experiences and assets. He’s been a founder of a business, he has the technical know-how and the data-driven mindset that will help Forbes expand its growth in mobile apps,” he said. “Our goal is to build passionate communities under the Forbes umbrella – the kind that marketers want to reach and that generate valuable and relevant content.”
The financial terms of the deal will not be disclosed.
Read more about Forebes here.