Nexxen
 | |
| Formerly | Tremor International Ltd., Marimedia, Taptica |
|---|---|
| Company type | Public |
| Industry | Advertising |
| Founded | 2007, in Israel |
| Headquarters | New York, United States |
Area served | Worldwide |
Key people | |
| Subsidiaries | |
| Website | tremorinternational.com/ |
Nexxen (formerly Tremor International Ltd.) is a publicly traded advertising-technology company. Founded in 2007, it focuses on digital advertising with its stock trading publicly on both the Nasdaq and London Stock Exchange.
History
Nexxen was founded as Marimedia in 2007 by Maia Shiran and Ariel Cababie. It began as an online advertising company with its principal technology platform Ad$Gadget launching in 2011.[1]
In November 2010, Hagai Tal and Ehud Levy acquired 50% of the company, with Hagai Tal becoming chief executive office in December 2013.[1] Levy was also a director and investor at Taptica, a mobile advertising technology company from which Marimedia would later take its name.[2]
In April 2014, Marimedia acquired a purchase option for Taptica in return for extending a $1.5 million credit line.[1] In order to fund the option, Marimedia listed on AIM in London May 2014, raising £17.9 million.[3] Marimedia purchased Taptica for $13.6 million in October 2014.[4][5]
In May 2015, the company issued a profit warning and said it planned to close its original business of Qadabra and focus solely on Taptica.[6]
In September 2015, the company acquired social marketing tech company AreaOne.[7] In 2016, Taptica acquired 57% of Japan-based Adinnovation for $5.7 million.[8] In 2017, Taptica acquired Tremor Video's demand-side platform for $50 million, a company from which they would later take their name.[9]
In December 2018, Hagai Tal stepped down as CEO after a US court ruled that he had concealed material facts during the sale of Plimus in 2011.[10] In 2019, Taptica added an office in Guangzhou, China as part of its Asia expansion.[11]
In February 2019 Taptica merged with RhythmOne.[12] Both companies were listed on the stock exchange, so Taptica retained its listing and RhythmOne shares were converted into Taptica shares. Ofer Druker, the former CEO of Matomy Media, was announced in April 2019 as the CEO of the combined entity.[13] In June 2019 Taptica renamed itself to Tremor International. In 2020, the combined company acquired video ad platform, Unruly, from News Corp.[14] In September of 2022, Tremor International closed.[15]
Tremor International rebranded as Nexxen in 2023.[16]
Services
Taptica has developed an application that analyzes cell phone users' behaviors, spending and how the previous relate to demographic data such as age, gender and location.[17][18] Using this data, advertisers would be able to calculate indicators such as KPI and ROI in real-time.[19] Taptica sells advertisements based on complete transactions, such as registering for a game.[2] The platform also enables city-specific user targeting, a feature that increases the effectiveness of ad campaigns.[18] Taptica claims to have stored 200 million user profiles on its platform, with more than 100 data points on each user, in order to provide a precise picture of user behavior to advertisers.[20][17]
Following a report conducted by the company, showing that native ads give better results, Taptica integrated them into its platform.[21] Taptica claims to be the first company to combine optimization for direct marketing and real-time bidding, a feature that will reportedly allow advertisers to conduct targeted campaigns.[22] The company's portfolio has almost 1,000 publishing partners and 250 brands that are engaged in gaming, internet radio, travel and retail industries.[23] Taptica's clientele includes EA, GREE, ngmoco, Hotel Tonight, Playtika and Game Insight among others.[2][24]
References
- ^ a b c "Placing and Admission to AIM" (PDF). 22 May 2014. Retrieved 10 May 2019.
- ^ a b c Orpaz, Inbal (December 4, 2012). "Start-up of the week / The guys who bring ads to your phones". Haaretz. Retrieved July 30, 2015.
- ^ "Marimedia Places GBP29.8 Million In Shares For AIM IPO". 22 May 2014. Retrieved 10 May 2019.
- ^ Loechner, Tyler (October 8, 2014). "Marimedia Acquires Taptica For $13.6 Million". Mediapost.com. Retrieved 27 July 2015.
- ^ Gallivan, Rory (October 28, 2014). "Israel's Matomy to Buy Austria's MobFox for $17.6 Million". The Wall Street Journal. Retrieved July 28, 2015.
- ^ "Small-cap Week, May 30". 29 May 2015. Retrieved 10 May 2019.
- ^ Schiff, Allison (8 September 2015). "Taptica shells out 17 million to acquire Facebook marketing partner areaone". Ad Exchanger. Retrieved 7 October 2015.
- ^ "Israeli mobile ad firm Taptica buys control of Japanese ad firm". Reuters. Retrieved 20 July 2017.
- ^ "Tremor Video Sells Demand-Side Platform to Taptica for $50 Million as Sector Consolidation Gathers Pace". Wall Street Journal. Retrieved 8 September 2017.
- ^ "Taptica plunges as boss exits". 5 December 2018. Retrieved 7 December 2018.
- ^ "Taptica forms new China subsidiary, plans expansion". Retrieved 16 January 2019.
- ^ "Programmatic Companies Taptica and RhythmOne Merge in $176 Million Deal". 4 February 2019. Retrieved 5 April 2019.
- ^ "Taptica switches out CEO as RhythmOne underperforms". 5 April 2019. Retrieved 5 April 2019.
- ^ "Tremor International to Buy Video Ad Platform Unruly from News Corp". Adweek. Retrieved 13 February 2020.
- ^ "Tremor International - Tremor Announces Closing of Amobee Acquisition". September 13, 2022.
- ^ Shields, Ronan (12 June 2023). "Some will close their gates, others will open to programmatic". Digiday. Retrieved 1 August 2024.
- ^ a b Knight, Kristina (February 10, 2015). "Ecommerce Roundup: Mobile analysis and social connection". BizReport.com. Retrieved July 29, 2015.
- ^ a b Kaplan, David (May 10, 2015). "For Taptica's Lead Gen Strategy, Local Focus Works Best, Even For National Efforts". GeoMarketing.com. Retrieved July 29, 2015.
- ^ Schiff, Allison (February 5, 2015). "Taptica Taps Into Mobile User Behavior With New Analytics Tool". adexchanger.com. Retrieved July 30, 2015.
- ^ Barton, Julian (March 6, 2015). "Mobile Ad Solutions on Tap from Taptica at Mobile World Congress". Mobileadvertisingwatch.com. Retrieved 29 July 2015.
- ^ Knight, Kristina (November 18, 2014). "Mobile RoundUp: Studies find targeting is key". BizReport.com. Retrieved July 29, 2015.
- ^ Loechner, Tyler (May 31, 2013). "Taptica Applies Gambler's Math To Mobile Advertising". Mediapost.com. Retrieved 28 July 2015.
- ^ "Taptica Opens Offices in New York City to Offer Mobile Advertising Services". Business Wire. February 17, 2015. Retrieved July 30, 2015.
- ^ Jordan, Jon (May 30, 2013). "Taptica launches 'multi-arm bandit' smarts to optimise your user acquisition". pocketgamer.biz. Retrieved 30 July 2015.