Round up: Bee Media Buys Adcentricity; Moat gets investment.
Bee Media, which has developed a mobile shopping platform, said today it has acquired Adcentricity, a location-based digital media tech company. Terms of the deal were not disclosed.
Toronto-based Bee Media will lose its name; the merged company now will be known as Adcentricity. It will target its offerings to marketers developing hyper-local ad campaigns.
Bee Media customers include CIBC and Canadian Tire, while Adcentricity's customers include Samsung and Toyota.
Doug Woolridge, CEO of Bee Media, will be chief executive of the merged company. Rob Gorrie, former CEO of Adcentricity, will stay on with the company as a senior strategic advisor.
Bee Media had employed 24, and Adcentricity of New York City had 20 staff before the acquisition. However, the combined firm will employ a more streamlined 30 on staff, according to a spokeswoman.
In an unrelated announcement, ad tech company Moat said it received $12 million in venture capital in a second round of venture funding. In a news release, the company said Monday it will hire staff to build out its offerings which currently include an analytics platform to help marketers learn whether consumers are paying attention to and engaging with ads.
Want to learn more?
Attend ClickZ Live New York March 30 - April 1. With over 15 years' experience delivering industry-leading events, ClickZ Live brings together over 60 expert speakers to offer an action-packed, educationally-focused agenda covering all aspects of digital marketing. Register today!
Anna Maria Virzi, ClickZ's executive editor from 2007 until 2012, covered Internet business and technology since 1996. She was on the launch team for Ziff Davis Media's Baseline and also worked at Forbes.com, Web Week, Internet World, and the Connecticut Post.
Hong Kong, May 5-6, 2015
A Buyer's Guide to Affiliate Management Software
Manage your performance marketing with the right solution. Choose a platform that will mutually empower advertisers and media partners!
Google My Business Listings Demystified
To help brands control how they appear online, Google has developed a new offering: Google My Business Locations. This whitepaper helps marketers understand how to use this powerful new tool.
May 6, 2015
12:00pm ET/9:00am PT