Attributes 6,729 Percent Revenue Growth to Company’s Leadership in Programmatic Video Advertising for Premium Publishers
DENVER – November 13, 2013 – SpotX, Inc., the trusted platform for video advertising, today announced it ranked 40th on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. SpotX grew 6,729 percent from 2008 to 2012, making it the fifth fastest growing Internet company on the list. Overall, 2013 Technology Fast 500™ companies achieved revenue growth ranging from 137 percent to 208,897 percent from 2008 to 2012, with an average growth of 2,600 percent.
SpotX’s chief executive officer, Mike Shehan, and chief financial officer, Steve Swoboda, credit SpotX’s revenue growth to continued product innovation, including the release of the industry’s most transparent video advertising platform, the rapid programmatic growth within the already hot online video ad market and increased business with the company’s premium publisher partners.
“We were first adopters of programmatic for video and have been instrumental in leading the industry towards automated ad technology with the launch of our programmatic video advertising platform,” said Shehan and Swoboda. “Publishers use SpotX to achieve maximum revenue from their video ad inventory while gaining an unprecedented level of transparency. Coupled with our team of video advertising experts, it is an extremely successful model for us and yields extraordinary results for our customers. We’re honored to receive this prestigious recognition from Deloitte.”
SpotX’s platform alleviates publishers’ concerns over pricing degradation with unparalleled transparency into buy side behavior and actionable insights that enable them to make more money for their video ad inventory. SpotX exports its video services to more than 80 countries and is ranked 6th on comScore for video ads served, reaching over 260 million unique visitors each month. In 2013, SpotX expanded its strategic partnerships with the industry’s leading publishers and experienced international growth as the global appetite for programmatic media increases. Headquartered north of Denver, the company boasts offices in New York, London and Sydney and is actively hiring talented engineers to deliver trusted solutions that give publishers and advertisers total transparency, brand safety and real-time control.
“The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “This year’s list is a who’s who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next.”
About Deloitte’s 2013 Technology Fast 500™
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
SpotX is the trusted video advertising platform for premium publishers, connecting them with advertisers, agencies, trading desks, DSPs and ad networks to ensure they achieve maximum revenue for their inventory. SpotX shows premium publishers and more than 1,000 world class advertisers that there is a better way to buy and sell digital video – with trusted solutions that guarantee total transparency, brand safety and real-time control in an open market or directly executed through the SpotX platform. Headquartered north of Denver, SpotX has offices in New York, London, and Sydney and is ranked 6th on comScore for video ads served, reaching over 260 million unique visitors in more than 80 countries each month. For more information, please visit www.spotxchange.com and follow SpotX on Twitter @SpotX.