If you’re not reaching, engaging, and monetizing customers on mobile, you’re likely losing them to someone else. Register now for the 8th annual MobileBeat
, July 13-14, where the best and brightest will be exploring the latest strategies and tactics in the mobile space.
Mobile search and advertising company Call Genie announced Wednesday it has begun the process of acquiring VoodooVox, a company that provides demographic information for phone numbers and mobile ads.
The deal, which Canadian Business reports is worth $2.8 million, will allow Call Genie to expand its mobile advertising services. Using information from VoodooVox’s Analytics product, Call Genie plans to pursue pay-per-call advertising. Pay-per-call advertising is similar to pay per click; a unique phone number is assigned to a mobile or web-based ad which will ring to a business’s main line when dialed. Every time a customer dials the number, the company pays a fee to the advertiser.
Call Genie CEO Michael Durance said in a statement, “The more pay per call advertisers know about their callers, the more success they’ll have with their campaigns. Our goal is to create a smarter mobile ad network, and VoodooVox gives us audience insights that benefit key stakeholders in the mobile advertising ecosystem.”
The acquisition is expected to be finalized in January 2012 and will involve Call Genie issuing 11,250,000 common shares of its stock to VoodooVox shareholders. Call Genie will pay VoodooVox shareholders $1.8 million cash over an undisclosed period of time.
Call Genie also recently acquired mobile advertising company UpSNAP in the fourth quarter of 2011. The company is based in Toronto, Canada and maintains offices around the world.
Image via Shutterstock
VB's research team is studying mobile user acquisition...
Chime in here, and we’ll share the results