Glam Media snaps up AdaptiveAds
ADOTAS — Glam Media has acquired AdaptiveAds, a venture-backed display ad targeting and optimization company based in San Francisco and Mumbai, India. The price wasn’t disclosed.
AdaptiveAds brings creative audience targeting, adaptive ad optimization and brand engagement tracking to Glam Media’s brand ads platform and enables both agency direct and self-service media buying solutions. Through the acquisition, Glam Media is opening an office in Mumbai and establishing an engineering presence in Pune, India. In December 2008, Glam Media reached more than 100 million unique visitors globally for the first time as reported by comScore Media Metrix.
“AdaptiveAds supercharges Glam Media’s brand engagement technology, delivering insight into how ads behave with different audiences and giving brands the ability to dynamically act based on this knowledge,” said Samir Arora, chairman & CEO of Glam Media. “This acquisition will help optimize results for brand ad campaigns across Glam Media’s targeted content verticals, passion groups and geographies.”
AdaptiveAds’ next generation ad serving platform, now renamed GlamAdapt, makes complex real-time ad serving and targeting decisions with the primary goal of optimizing brand engagement. It will provide intelligence for brands by delivering return on investment analysis. The platform will arm brands with insights into not only which specific vertical audiences or passion groups respond to their ads, but also which messages and marketing solutions provide the greatest engagement levels for each type of audience.
AdaptiveAd had been shopping around a series B round with a valuation in the $25 million to $40 million range when Glam entered the picture. The three-year old company raised $2 million in late 2007, and then another $1.5 million ina series A, for a total of $3.5 million. Draper Fisher Jurvetson is an investor in both AdaptiveAds and Glam Media.
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Tags: ad-networks, AdaptiveAds, finance, Glam-Media and GlamAdapt
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