NOTE: GrowthBeat -- VentureBeat's provocative new marketing-tech event -- is a week away! We've gathered the best and brightest to explore the data, apps, and science of successful marketing. Get the full scoop here, and grab your tickets while they last.
Yahoo is set to acquire digital advertising company Interclick for $270 million, the companies announced today.
“Interclick’s innovative platform will allow Yahoo! to expand its targeting and data capabilities to deliver campaigns with stronger performance metrics,” said Ross Levinsohn, executive vice president for Yahoo’s America regions, in a statement.
There’s much to be desired when it comes to Yahoo. The company is no longer seen as a technology innovator. It has hit quite a few road bumps in the last quarter, including firing Carol Bartz as chief executive. As for finances, it saw a 24 percent loss in revenue for its third quarter this year. In other words, it’s pretty stale.
Interclick provides a number of solutions for display advertising including an Open Segment Manger, which analyzes your audience and provides concise data; ATS 5/VTS, which controls the ad exchanges; and Marshall, which reports on your activity.
This buy will help Yahoo take control of its advertising and better determine how best to optimize for future ad plans. Yahoo expects to close the acquisition by early 2012.
[Photo by Pres Panayotov/Shutterstock]
We're studying digital marketing compensation: how much companies pay CMOs, CDOs, VPs of marketing, and more
, with ChiefDigitalOfficer. Help us out by filling out the survey
, and we'll share the results with you.