SYDNEY, September 17, 2014 /PRNewswire/ --
Predictive marketing software leader expands solutions for mobile applications and game developers with acquisition of Adquant, leading Facebook PMD
Kenshoo (http://www.Kenshoo.com), the global leader in predictive marketing software, today announced it has acquired Facebook Preferred Marketing Developer (PMD) Adquant (http://www.adquant.com), a leading software-as-a-service (SaaS) platform powering social campaigns for many top grossing mobile apps and games. Kenshoo and Adquant share an engineering-driven approach to innovation, and the combined offering provides best-in-class solutions for advertisers, agencies, and developers around the world.
Named the sole leader in a Social Ad Platforms evaluation by independent research firm, Forrester Research Inc. in The Forrester Wave™: Social Advertising Platforms, Q4 2013, Kenshoo further cements its status as the premier social advertising solution for marketers with the acquisition of Adquant. Adquant delivers advanced solutions for mobile applications and customer lifetime value optimisation and boasts deep penetration within the gaming vertical. These attributes provide a strong complement to Kenshoo's market-leading enterprise software, global footprint, and operational scale.
"By joining forces, Kenshoo and Adquant are uniquely positioned to serve advertisers across all verticals and geographies with world-class digital marketing solutions," said Yoav Izhar-Prato, co-founder and CEO of Kenshoo. "Injecting talent and technology like Adquant's will ensure Kenshoo stays ahead of the pace in the most important industries and continues to deliver strong performance for our clients."
According to eMarketer, mobile ad spend will reach $32.7 billion globally in 2014, a 91.7% increase from 2013; social ad spend will reach $16.1 billion globally in 2014, 45.3% more than 2013. By 2016, eMarketer estimates that spending will reach $69.1 billion and $25.8 billion for mobile and social respectively. The acquisition of Adquant enables Kenshoo to quickly and efficiently expand its offering to better address the growing demand for marketing solutions in these key industries. Additionally, Adquant will gain access to Kenshoo's global distribution channel to accelerate its expansion into worldwide gaming markets.
Earlier this year, Kenshoo Intent-Driven Audiences (IDA) was named a winner in the Facebook Innovation Competition for the online sales category, the second consecutive Facebook Innovation Competition win for Kenshoo. The company was previously selected as a winner for its Demand-Driven Campaigns (DDC) offering.
As part of the acquisition, Adquant executives and other key personnel will join the Kenshoo team which already boasts 24 offices around the globe including its global headquarters in Israel and regional headquarters in the United States, United Kingdom, and China. Adquant clients will continue to manage their programs through Adquant's best-in-class platform for gaming and mobile as well as take immediate advantage of Kenshoo's global scale and cross-channel marketing solutions. Over time, the Adquant and Kenshoo products will be integrated to provide clients with holistic digital marketing capabilities.
"Companies in the marketing software industry continuously talk about the ideas of innovation and client focus; so pairing with a company like Kenshoo who actually delivers and shares our core values makes perfect sense," said Joe McCormack, co-founder and CEO of Adquant, who joins the Kenshoo management team. "The resources and support of Kenshoo will help Adquant to build upon our foundation and drive further success for our clients. We look forward to leveraging Kenshoo's expertise and sharing ours to make our combined solutions even better."
Kenshoo is the global leader in predictive marketing software. Brands, agencies, and developers use Kenshoo Search, Kenshoo Social, Kenshoo Local, Kenshoo SmartPath, and Kenshoo Halogen to direct more than $200 billion in annualised client sales revenue through the platform. Kenshoo is the only Facebook strategic Preferred Marketing Developer with native API solutions for ads across Facebook, FBX, Twitter, Google, Yahoo, Yahoo Japan, Bing, Baidu and CityGrid. Kenshoo powers campaigns in more than 190 countries for nearly half of the Fortune 50 and all 10 top global ad agency networks. Kenshoo clients include CareerBuilder, Expedia, Facebook, KAYAK, Havas Media, iREP, John Lewis, Resolution Media, Sears, Starcom MediaVest Group, Tesco, Travelocity, Walgreens, and Zappos. Kenshoo has 24 international locations and is backed by Sequoia Capital, Arts Alliance, Tenaya Capital, and Bain Capital Ventures. Please visit http://www.Kenshoo.com for more information.
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