Meanwhile, PayPal acquires mobile payments firm Paydient.
Cragun has served as the company's interim CFO since October 2010.
IRVINE, Calif., Dec 29, 2010 -- Local.com Corporation (NASDAQ: LOCM), a leading local search site and network, today announced that Ken Cragun has been appointed chief financial officer, effective immediately. Cragun has served as the company's interim CFO since October 2010.
Prior to being named interim CFO, Cragun served as the company's vice president of finance since April of 2009. Previously, Cragun served as chief financial officer of Modtech Holdings, Inc., a supplier of modular buildings, from June 2006 to March 2009. Prior to that time, Cragun held several positions with MIVA, Inc., an online advertising and media company, including senior vice president of finance. Cragun also held CFO positions at ImproveNet, Inc. and NetCharge.com Inc.
"Our board and executive team have been impressed by Ken's performance as an interim CFO. Ken has deep knowledge of our business and industry, and it is only fitting that we warmly welcome Ken into this permanent role," said Heath Clarke, Local.com chairman and CEO.
Local.com Corporation (NASDAQ: LOCM) owns and operates a leading local search site and network in the United States. The company uses patented and proprietary technologies to provide over 20 million consumers each month with relevant search results for local businesses, products and services on Local.com and over 1,000 partner sites. Local.com powers over 100,000 local websites, and tens of thousands of small business customers use Local.com products and services to reach consumers using a variety of subscription, performance and display advertising and website products. To advertise, or for more information visit: www.local.com.