Magnetic Awarded Patent for Search Retargeting Technology
- Programmatic Solution Helps Advertisers Acquire Customers With Keyword Intent
NEW YORK, March 24, 2015 /PRNewswire/ -- Digital advertising technology company, Magnetic, announced today that it has received a patent for its search retargeting technology. The United States Patent and Trademark Office issued U.S. Patent No. 8,990,105 for Systems, Methods, and Media for Targeting Advertisements based on User Search Information. This patent covers Magnetic's programmatic solution for retargeting based on keywords, enabling advertisers to reach audiences with digital display advertising based on search intent.
According to eMarketer, the rise of real time buying (RTB) has been a key driver in the dramatic growth of programmatic advertising, which is expected to be a $20 billion dollar industry in 2016, representing nearly 65% of U.S. digital display ad spending. A large number of advertisers rely on site-level data for real-time retargeting because it helps them reach audiences that have shown intent through site visitation. However, by using keyword data to find and reach audiences, marketers can engage consumers early on, even before they visit an advertiser's website, thus providing an effective solution for prospecting.
"Magnetic was one of the first companies to foresee the potential of intent data, and build innovative capabilities like data curation and intender profiles," said James Green, CEO of Magnetic. "We've spent years building programmatic buying methods that allow marketers to make the most efficient and effective use of search intent for digital display advertising. Our patented technology is a testament to our innovative and talented team, and the strength of our data and media platform."
In addition to its patented search retargeting technology, Magnetic supports site retargeting, which, when used in unison, creates an opportunity for full-funnel retargeting that leverages intent for prospecting and retention. Magnetic also recently added mobile capabilities for effective cross-channel advertising, and acquired dynamic creative company, Cognitive Match, in June 2014.
About Magnetic
Magnetic is a digital technology company specializing in retargeting solutions that combine intent data with display advertising to power brand awareness and direct response campaigns. Magnetic uses billions of search data queries and a proprietary bidder to programmatically buy and reach audiences who have signaled either interest or purchase intent where they spend 96% of their time online – on news sites, blogs, e-commerce sites and social networks. Founded with a specialized focus on search retargeting, Magnetic's advertising solutions also extend to site retargeting, and include advanced media optimization and buying and dynamic creative capabilities.
Headquartered in New York City, Magnetic has offices in Atlanta, Boston, Chicago, Detroit, Los Angeles and San Francisco. Additionally, Magnetic has offices in Canada and throughout Europe, servicing the greater European market including Germany, France and the UK. For more information please visit www.magnetic.com.
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