AdTech snapped up for reported £360m
Posted on July 14, 2021 by Jonathan Symcox
A London AdTech has been acquired in a reported £360 million deal by American firm Mediaocean.
Flashtalking, an independent ad management platform, says the deal will fuse its solutions for primary ad serving, creative personalisation, identity management and verification with Mediaocean’s modern system of record used by the world’s leading brands and agencies.
The announcement comes at a critical inflection point for the advertising industry as marketers seek trusted, independent solutions to manage the rise of big tech.
Mediaocean and Flashtalking customers will benefit from comprehensive and future-forward solutions for global strategic planning, omnichannel media management, closed ecosystems optimisation, and financial reconciliation across traditional media, open web, closed ecosystems and connected TV.
“Bringing together Mediaocean and Flashtalking is an incredible opportunity for our customers, employees, and the industry at large,” said Bill Wise, CEO of Mediaocean.
“Flashtalking is the source of truth for digital and CTV ads and Mediaocean is the system of record for all media. Combined, we will deliver comprehensive and future-forward solutions for omnichannel advertising.
“Most importantly, our platform is not compromised by media ownership so we can focus solely on driving outcomes for marketers and their agency partners.”
The acquisition builds on a partnership the companies launched in 2018 to incorporate ad serving data into media buyer workflow.
The combined entity will represent an advertising technology platform with over $200 billion in annualised media spend and over 1 trillion monthly ad impressions.
“Our mission of enabling marketers to move consumers to action is a perfect fit for Mediaocean’s vision of a world where marketers market the way consumers consume,” said John Nardone, CEO at Flashtalking.
“Over the years, we’ve built the most trusted, independent platform for driving advertising relevance and improving campaign performance. Together, our teams and complementary tech will help brands succeed in a future dominated by converged media and anchored on cookie-less identity resolution.”