MediaMath Acquires Rare Crowds
MediaMath Acquires Rare Crowds
Press Release – MediaMath, developers of the TerminalOne Marketing Operating System™, today announces the acquisition of Rare Crowds, a technology company building innovative solutions to find marketer-defined target audiences across display, mobile, video and social.
Rare Crowds’ open source technology, OpenAdStack, uses combinatorial optimization techniques and machine learning algorithms to find extremely targeted media that is as close as possible to a perfect match against a marketer’s campaign goals and desired audiences. Integrated into TerminalOne, Rare Crowds’ technology will enable marketers to reach their target audiences with greater accuracy and efficiency.
As part of the acquisition, Rare Crowds’ CEO and co-founder Eric Picard, respected pioneer and ad tech industry thought leader, joins the MediaMath team as Vice President of Strategic Partnerships, including MediaMath’s unique and exclusive Akamai relationship. Picard brings nearly 20 years of experience as a product and strategy leader within the digital advertising arena, having held C-level and senior management roles at TRAFFIQ, Microsoft, and BlueStreak.
“I have been following MediaMath’s success since the company’s earliest days,” said Picard. “I couldn’t be more excited to join a market-leading company on the edge of innovation, whose commitment to delivering marketer outcomes is one I share. I look forward to helping drive the company’s growth as we look to bring the benefits of programmatic marketing into new parts of the ecosystem.”
“We’re especially excited to have Eric leading our efforts to extend programmatic to address the full media plan. We think there’s a huge opportunity for new technology to transform media planning and buying. The combination of Eric’s experience and leadership with Rare Crowds technology brings us two steps closer to delivering game-changing new capabilities for our clients,” said Mike Lamb, Chief Commercial Officer of MediaMath. “We are thrilled to have Eric on board.”
Rare Crowds was supported by an impressive list of angel investors that reads like a “who’s who” of respected industry leaders, among them Peter Naylor, SVP Sales at Hulu and former Chairman, IAB; Rich LeFurgy Founder, IAB; Dave Smith, Founder and CEO, Mediasmith; Tom Hespos, Founder and CMO, Underscore Marketing; Nick Pahade, CEO of PopTent, and many others.
MediaMath (www.mediamath.com) is a global technology company that’s leading the movement to revolutionize traditional marketing and drive transformative results for marketers through its TerminalOne Marketing Operating System™. A pioneer in the industry introducing the first Demand-Side Platform (DSP) with the company’s founding in 2007, MediaMath is the only company of its kind to empower marketers with an extensible, open platform to unleash the power of goal-based marketing at scale, transparently across the enterprise. TerminalOne activates data, automates execution and optimizes interactions across all addressable media, delivering superior performance, transparency and control to all marketers and better, more individualized experiences for consumers. It has a seasoned management team leading 12 global locations across five continents. Key clients include every major agency holding company, operating agency and top brands across verticals.