DG MediaMind Acquires Republic Project
October 08 2013 - 7:00AM
Marketwired
DG MediaMind Acquires Republic Project
Acquisition of Social and Mobile Rich Media Platform Rounds-Out
Cross-Channel Offerings and Expands Social & Mobile Advertising
Capabilities
NEW YORK, NY and LOS ANGELES, CA--(Marketwired - Oct 8, 2013) -
Digital Generation, Inc. (NASDAQ: DGIT), the world's leading
multi-screen advertising company, announced that it has agreed to
acquire Republic Project, a cloud-based ad platform that enables
agencies and brands to create, deliver and measure social
and mobile rich media campaigns. DG has agreed to acquire
substantially all of the assets of Republic Project for $1.4
million in cash and an additional earn out tied to revenue and
EBITDA performance targets in 2014 and 2015. Republic
Project's 11 employees, including CEO AJ Vernet, will join DG's Los
Angeles office.
The deal solidifies the creative, targeting, retargeting and
optimization capabilities that DG MediaMind offers advertisers
across display, mobile and now social advertising.
"Every channel offers advertisers a unique set of opportunities
to engage with audiences," said Ricky Liversidge, DG
CMO. "Continuing to integrate and innovate within areas such
as social and mobile, while making sure advertisers can move
quickly within a data driven landscape, is critical. The addition
of Republic Project's technology and knowledge helps accelerate
this process."
Republic Project has a platform that allows agencies and brands
to produce and deliver ads on social platforms such as Facebook and
Twitter in a fraction of the time typically required to produce and
deliver campaigns.
"We consistently hunt for new opportunities that increase
engagement, amplify our brand's content and get more out of every
media dollar we spend in social. Investments in new tools and
technologies are guided by success and results, and rich media
units in the newsfeed across Facebook and Twitter continue to prove
their worth," said Colin Sutton, US Director of OMD
Word. "Working with tools like Republic Project has helped us
increase video views, impressions, earned reach and conversions for
our entertainment, and CPG customers."
"Our goal was to build a technology that would enable
advertisers to reach their audience in a new and immersive way
while providing a central hub for managing and tracking all
deployed apps across various platforms," said AJ Vernet, Republic
Project CEO. "The DG acquisition means we can fast track our
solution globally, while integrating with one of the most robust
advertising data hubs in the industry."
About DG
DG (NASDAQ: DGIT) is the leading global multiscreen advertising
management and distribution platform, fueling campaign management
across TV, online, mobile and beyond. Through a combination of
technology and services, DG empowers brands and advertisers to work
faster, smarter and more competitively. Boasting the world's
largest hybrid satellite and Internet network for broadcast video
delivery, the Company's unparalleled campaign management
encompasses multiscreen ad delivery, cross-channel research and
analytics, and unified asset management. The DG product
portfolio consists of two overarching product lines for online and
video campaign management: MediaMind and VideoFusion.
With New York as a center of operations, DG is a global company
that connects over 14,000 advertisers and 7,400 agencies worldwide
with their targeted audiences through an expansive network of over
50,000 media destinations across TV broadcast and digital
advertising in about 78 countries, managing approximately ten
percent of the world's media assets. For more information, visit
http://www.dgit.com.
For more information contact: JoAnn Horne Market Street Partners
415/445-3233
Digital Generation Systems (NASDAQ:DGIT)
Historical Stock Chart
From Oct 2024 to Nov 2024
Digital Generation Systems (NASDAQ:DGIT)
Historical Stock Chart
From Nov 2023 to Nov 2024