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Former COO of ValueClick, David Yovanno, will become Gigya’s CEO, on Tuesday, it was learned. Yovanno is set to lead the top widget company Gigya, and brings with him nine years of experience from ValueClick, the Internet ad network giant.

Yovanno believes in Gigya’s business model and market position being the No.1 in distribution of widgets on the Internet. Palo Alto, Calif.-based Gigya has 40 employees and has grown quite a bit in just 18 months, building a widget empire catering to 174 million unique visitors per month, and accumulating a total funding of $23.5 million.

The Co-founder & former Gigya CEO, Eyal Magen will carry on as strategy officer and oversee the company’s operations in Israel.