Zoopy founder and CEO Jason Elk as well as co-founder and operations director Pat Elk will be leaving the company. This news come after Vodacom said that it is planning to sell a significant stake in Zoopy (Zoopy is currently wholly-owned and funded by Vodacom).
In a joint statement Jason Elk and Pat Elk said that “after launching Zoopy in March 2007, we have built a company and service that we have been incredibly proud of.”
“We have decided that it’s now time for us to move on to new opportunities and we will be leaving Zoopy at the end of September. We would like to wish the company the very best going forward,” the statement concluded.
Zoopy was founded in March 2007 by Jason and Pat Elk, and at the time competed against platforms like YouTube by allowing users to upload and share videos, photos, podcasts and blogs.
Vodacom decided to invest in Zoopy, and purchased a 40% share stake in Zoopy in June 2008. The company increased its stake in the company to 75% in February 2009, and later acquired the remaining 25% stake in the company in August 2010.
The company has changed direction over the last few years, and is now a mobile platform producing original content using a team of content producers and news presenters.