blinkx Acquires LYFE Mobile
LONDON and SAN FRANCISCO, May 6, 2014 (ADOTAS) – blinkx plc (“blinkx” or the “Company”), the Internet media platform that connects consumers with brands through professionally generated content, today announces that it has acquired LYFE Mobile, an innovative mobile Demand Side Platform (DSP) and Data Management Platform (DMP), in an all cash transaction.
LYFE Mobile offers a smart mobile technology to programmatically deliver relevant ads to consumers based on their geographic location and other attributes. With access to over 100 million users in the US and 600 million worldwide through its integrations with supply side partners, LYFE Mobile’s cross channel platform offers a full range of mobile advertising formats, including mobile display, video and native ads with customized, dynamic audience segmentation and targeting capabilities. LYFE Mobile’s targeting capabilities and API recognize a mobile user’s recent activities and environment — whether it’s raining at a specific location or the user just researched movie show times, and can seamlessly insert relevant advertising on over 5,000 devices and across 100,000 mobile applications. The acquisition of LYFE Mobile represents the continued extension of blinkx into the demand side of the programmatic value chain, which has been a core strategic initiative of the Company. As part of the transaction, blinkx has hired the LYFE Mobile team — a talented and multifaceted group of engineers, data scientists and business staff with years of relevant mobile experience and relationships.
“At blinkx our growth strategy is focused on three key areas — video, mobile and programmatic, which we feel represent the future of digital advertising,” said S. Brian Mukherjee (pictured), CEO of blinkx. “LYFE Mobile is one of those rare companies operating in the sector that delivers in all three areas for blinkx. The acquisition enables us to fill a critical gap in our product portfolio, which would have otherwise taken years to build. While the transaction will not have a material impact on revenue in the near term, and is currently loss making, it represents our first foray as a company into the demand side of the programmatic ecosystem. The deal further underscores our vision to become the leading, fully integrated, cross device video advertising technology and data platform, connecting consumers and brands through premium content worldwide.”
blinkx (LSE AIM: BLNX) is an Internet media company that connects consumers and brands through premium content online. Founded in the UK in 2004, blinkx pioneered Internet Video Search using its patented COncept Recognition Engine (CORE). This technology leverages speech recognition, text and image analysis to deeply understand the meaning and context of video content to generate improved search relevancy for consumers and a brand safe environment for advertisers. Today, blinkx is a broad digital media technology, distribution and monetization platform that connects consumers, advertisers and content across four screens. Through its partnerships with hundreds of media companies, including ABC, NBC, Conde Nast, Reuters and Bloomberg, blinkx has indexed and search enabled millions of hours of video content. blinkx powers video search, discovery or monetization on thousands of online properties including Lycos, ABC, CBS and Fox Sports. blinkx is headquartered in San Francisco, California with 15 offices worldwide. For more information please visit www.blinkx.com.
About LYFE Mobile
The LYFE Mobile platform combines advanced GPS and audience targeting features with a full suite of intuitive campaign management tools that make it easy for brands to serve high impact campaigns to the most relevant audiences. An actionable reporting interface allows advertisers to optimize campaign performance using real time data. LYFE Mobile’s team is comprised of a core group of talented entrepreneurs from various facets of the display and mobile advertising Industry, including media, product management, software development, engineering, operations and corporate development.
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