May bolster ad targeting on micro-blogging site.
Twitter has purchased AdGrok for an undisclosed sum, the keyword bidding platform revealed on its blog today. While Twitter hasn't commented extensively on the acquisition, the deal appears to be a technology-and-talent buy that could ultimately help marketers better target Promoted Tweets, Promoted Accounts, and Promoted Trends advertising.
In a brief email exchange with ClickZ News, Twitter spokesperson Matt Graves confirmed that AdGrok founders Argyris Zymnis and Matthew McEachen will join the company at its San Francisco headquarters. They will work "as part of our revenue engineering team," Graves said.
AdGrok is shutting down all operations by June 30. After that time, the San Francisco-based startup said business users' data can continue to be accessed through Google AdWords and Google Analytics.
TechCrunch first reported yesterday that the deal was in the works, citing a source that said Twitter would pay less than $10 million. It's Twitter's second notable acquisition in the last week, following the purchase of TweetDeck. Twitter paid $40 million for TweetDeck, a 15-person shop based in London, according to the Financial Times.
Meanwhile, TechCrunch is reporting that AdGrok CEO Antonio Garcia-Martinez has accepted a position at Facebook.
Christopher Heine was a senior writer for ClickZ through June 2012. He covered social media, sports/entertainment marketing, retail, and more. Heine's work has also appeared via Mashable, Brandweek, DM News, MarketingSherpa, and other tech- and ad-centric publications. USA Today, Bloomberg Radio, and The Los Angeles Times have cited him as an expert journalist.
US Consumer Device Preference Report
Traditionally desktops have shown to convert better than mobile devices however, 2015 might be a tipping point for mobile conversions! Download this report to find why mobile users are more important then ever.
E-Commerce Customer Lifecycle
Have you ever wondered what factors influence online spending or why shoppers abandon their cart? This data-rich infogram offers actionable insight into creating a more seamless online shopping experience across the multiple devices consumers are using.
September 9, 2015
12pm ET/9am PT
September 16, 2015
12pm ET/9am PT
September 23, 2015
12pm ET/ 9am PT