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GigaMedia Appoints New COO To Drive Expansion Of Online Game Operations

TAIPEI, Taiwan, April 24, 2013 /PRNewswire/ -- GigaMedia Limited (NASDAQ: GIGM) today announced the appointment of Ronald Ho as Chief Operating Officer of its FunTown online games business; Ronald joins the team as part of the company's new strategic repositioning/growth initiatives focused on extending FunTown's online game platform with self-developed casual browser/mobile games. 

Mr. Ronald's proven leadership and know-how bring to GigaMedia the necessary expertise to advance the company's growth across Greater China.

"Ronald is a trusted leader with a wealth of experience in Greater China who consistently delivers results," stated GigaMedia Limited Chief Executive Officer Collin Hwang. "I have tremendous confidence in his ability to align Giga's games business with industry trends and leading practices and drive growth in Greater China."

"GigaMedia's strategy has never been more focused – more compelling," stated FunTown Chief Operating Officer Ronald Ho. "I am excited to help lead the business to its next phase of innovation and growth tied to operational excellence."

Ronald joins GigaMedia from Gamania China Digital Entertainment Co., Ltd., a Taiwan-listed online games leader with 2012 revenues of approximately US$235 million and operations across Greater China. During his successful 13-year career at Gamania, Ronald was instrumental in driving growth and held a number of positions. Most recently, he served as chief operating officer of China operations, leading Gamania's overall China market strategy and execution, including internal development of browser/Web games.

GigaMedia expects extension of its online games business to self-developed browser/mobile games to drive growth and improved performance. Management plans to begin launching new self-developed casual social games in browser/mobile formats in the second half of 2013, including reformatted versions of certain of GigaMedia's existing popular PC-based casual games and all-new games.

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