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Scale matters: SpotX and smartclip form the new global ad tech powerhouse

- One global company to provide a modern video ad serving and monetization platform, enabling more than 1,000 broadcasters and digital publishers the ability to maximize monetization of their digital ... (February 08, 2018)

DENVER and LONDON and HAMBURG, Germany, Feb. 8, 2018 /PRNewswire/ -- SpotX and smartclip today announced that the first major steps of their merger have been concluded, becoming one global company with a joint management team. This plan, dubbed "One Team, One Platform," was first announced by their joint parent company, RTL Group, in November 2017.

SpotX Logo (PRNewsfoto/SpotX)

The new video ad serving and monetization company will operate under the SpotX brand in the US and internationally. The well-positioned smartclip brand will continue to be used in certain local markets with the best services for each one of them. SpotX will announce details on the branding in due course.



Following the combination of SpotX and smartclip, the global company increases its international exposure strongly, and will generate more than 40 per cent of its business outside the US going forward. Additionally, this combination allows SpotX to focus significant resources on expanding investments and scale innovation.

SpotX's co-founders, Mike Shehan and Steve Swoboda, will continue to serve as the CEO and CFO respectively of SpotX, whilst the co-founders of smartclip, Jean-Pierre Fumagalli and Roland Schaber, will report into them as General Managers for Europe. Jean-Pierre Fumagalli will continue to focus on Business Development, and Roland Schaber will be responsible for the operational side of the business. J. Allen Dove will continue to serve as CTO of the combined company, and Thomas Servatius will serve as Co-CTO, European Broadcaster Solutions, reporting directly to Mike Shehan.

Mike Shehan, co-founder and CEO, SpotX: "In the 'total video' industry, scale matters and the combination of SpotX and smartclip will enable us to compete more effectively in the dynamic programmatic video landscape, enhancing the enormous, exciting potential of our best-in-class technology platform, products, and services. The results speak directly to our companywide commitment to making our clients and partners successful and combining the strengths of two great companies with a common goal. This is a key element in RTL Group's 'Total Video' strategy."

Jean-Pierre Fumagalli, General Manager, Europe, SpotX: "Especially in Europe data-driven technical solutions and cross-device monetization are key. It is exciting to see that the combined company provides local talents and excellent expertise on the ground as well local product offers throughout Europe like no other market player."

As a first partner, SpotX-parent RTL Group will roll out the new joint SpotX platform for its own broadcasting businesses in Europe, starting with the leading German commercial broadcaster, Mediengruppe RTL Deutschland in March 2018. The shift from multiple external service providers to one unified solution results in a fully integrated, holistic, data-driven ad tech stack. This includes combined ad serving and programmatic platform serving covering the full range of 'total video' advertising across all screens, including TV screens through OTT / connected TV as well as addressable TV.

The new organization will have over 550 employees. In addition to its leading position in the US and Asia Pacific, the combined SpotX spans its global footprint across 18 additional markets in Europe and Latin America with 220 employees in Germany, the UK, France, the Netherlands, Belgium, the Nordics, Ireland, and Italy with additional license partners in Spain as well as in Latin America.

The operational business combination of the two companies will be completed during the course of 2018.

About SpotX

SpotX is the video ad serving platform providing media owners with monetization tools for desktop, mobile and connected devices. The platform features modern ad serving and programmatic infrastructure, and other monetization tools, like solutions for OTT and outstream video ad units. SpotX gives publishers the control, transparency and actionable insights needed to understand buyer behavior, manage access and pricing, and maximize revenue. The company is headquartered in Denver, Colorado, and has offices in Amsterdam, Belfast, Hamburg, London, Los Angeles, New York, Paris, San Francisco, Stockholm, Singapore, Sydney and Tokyo. In October 2017, RTL Group, a leader across broadcast, content and digital, completed its 100% acquisition of SpotX. SpotX is currently in the process of combining its business with Smartclip. The combined entity will focus on ad-server development and addressable TV, which provide the Group with dynamic ad-insertion capabilities. For updates, follow SpotX on Twitter and LinkedIn.

Media Contact:
Tammy Blythe Goodman
SpotX
+1-303-345-6671
tgoodman@spotx.tv

 

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SOURCE SpotX

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