Millennial Media $108 million 收购 mobile SSP, exchange 服务商nexage
从 Millennial Media 来说，他们需要讲一个好故事从小 aff 的角度来说，流量的来源又增加了
Millennial Media needed a good story around programmatic, and now it has one.
The publicly traded mobile ad tech platform has signed an agreement to buy mobile exchange player Nexage for $107.5 million in cash and stock. The deal enhances Millennial's credentials as an independent programmatic platform connecting advertisers with mobile supply sources, including app developers and mobile web publishers, and will let it support a range of transaction types including public and private RTB auctions and programmatic-direct deals.
However, the development is likely to come as a bitter pill for AppNexus, which for the past year has been a key partner to Millennial and may now have to look elsewhere to shore up its mobile supply.
Under the deal's terms, Millennial will pay $22.5 million in cash and $85 million in stock. Millennial was valued at approximately $203 million before market open on Tuesday.
Privately held Nexage is based in Boston, where Millennial Media already has a significant presence courtesy of the 2013 acquisition of JumpTap for $193 million. Nexage has raised $19.5 million to date from a group of investors that includes Asian telecom SingTel's venture capital arm, according to CrunchBase.
Michael Barrett, CEO at Millennial, told AdExchanger that agency buyers have expressed a need for a more comprehensive means to aggregate audiences across a range of mobile ad space. Acquiring Nexage helps the company meet that need with a large pool of supply, and Millennial will be able to roll its own consultative sales and service teams forward into a robust managed services offering for agencies and other demand-side players.
The companies started merger talks in mid-summer with the idea that greater scale was needed in the mobile pure play ad platforms.
"We wanted to build buy or partner on the SSP side," Barrett said. Nexage was an especially good fit since it let Millennial extend its own existing relationships with mobile app developers (60,000 or so) with Nexage's strength in mobile web. "With mobile web comes different ad units. It creates a really compelling exchange platform where buyers are going to get access to a wide breadth of mobile inventory that is not easily found on one platform."
But a larger motive was to bring scale to mobile ad tech. "It was the whole concept of bigger is better, the idea of us being able to combine data from our publishing partners," Barrett said.
The merger will support Millennial's developers with an SSP capable of exposing their inventory to a wider range of demand sources. Nexage boasts connections with 225 programmatic buyers and networks, including Apple's iAd, Facebook Audience Network and Google’s Admob.
One critique that has been leveled against Nexage is that a large percentage of the inventory in its exchange is not associated with valuable data. Barrett pushed back against that point of view. "Their business in the private exchange area has grown rapidly," he said. "That business is now a significant piece of their revenue equation."
MM发展得真不错
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