Jason Rapp, the former IAC (NSDQ: IACI) SVP of M&A who left the company a year-and-a-half ago, is joining Jason Calacanis’ Mahalo as president. Rapp was in charge of IAC’s dealmaking for two years until he took over as CEO of IAC’s Gifts.com unit in mid-2008. He left after Gifts.com was merged with another IAC business, Pronto.com, in February 2009. At the time, there were no details as to where Rapp was headed.

SEE ALSO: NYSE: CBS). It’s led by Calacanis, who sold Weblogs to AOL (NYSE: AOL). AllThingsD has some more details here.