{"id":748,"date":"2012-02-09T23:22:35","date_gmt":"2012-02-09T23:22:35","guid":{"rendered":"http:\/\/v2.openx.local\/press-releases\/openx-announces-first-full-quarter-of-profitability\/"},"modified":"2024-09-16T11:56:23","modified_gmt":"2024-09-16T15:56:23","slug":"openx-announces-first-full-quarter-of-profitability","status":"publish","type":"press-releases","link":"https:\/\/corp-www.prod.gcp.openx.org\/en-gb\/press-releases\/openx-announces-first-full-quarter-of-profitability\/","title":{"rendered":"OpenX Announces First Full Quarter of Profitability"},"content":{"rendered":"\n

Leading provider of digital advertising technology <\/em><\/strong>achieves annual run rate exceeding $100M<\/em><\/strong><\/p>\n\n\n\n

LOS ANGELES, February 9, 2012 <\/strong>OpenX Technologies, Inc. (OpenX), the world\u2019s leading independent provider of digital advertising technology, today announced it achieved a profitable fourth quarter as well as exceeding an annualized revenue run rate of more than $100M. The company also announced that it expects to continue its record of profitability during 2012 with continued robust growth across all areas of the company\u2019s business.<\/p>\n\n\n\n

2011 was a year of extraordinary success for OpenX during which the company served more than one trillion ad impressions and now handles more than 200 billion ad transactions per month. OpenX Market, the company\u2019s unique ad exchange platform, saw a particularly strong year-over-year rate of growth of nearly 700%. This massive growth in OpenX Market is due to a growing number of publishers and advertisers recognizing the precision and strength of ad exchanges with the quality of both buy-side and sell-side customers that OpenX attracts. The company also continues to operate and manage key global partnerships, including OpenX Market Japan, a partnership with cyber communications inc. (\u201ccci\u201d), a subsidiary of Dentsu Inc.<\/p>\n\n\n\n

The company\u2019s advertising technology services, which include OpenX Enterprise, achieved a Q4 year-over-year growth rate of 100% compared with the same period in 2010, due to the acceleration of OpenX Enterprise, the company\u2019s Software as a Service ad serving platform. OpenX has made significant progress over the last year in terms of both product adoption and revenue, proving its paradigm-shifting revenue serving capabilities are not only capable of driving revenue for publishers but can also do so at scale.<\/p>\n\n\n\n

\u201c2011 was a breakthrough year for OpenX with huge growth in global adoption of OpenX Enterprise and the phenomenal expansion of OpenX Market,\u201d said Tim Cadogan, chief executive officer, OpenX.\u201cProviding a comprehensive revenue serving solution for publishers is the heart of what we are building and we are clearly demonstrating that we are able to do this at massive, global scale. The quality of the OpenX team and the growth levels we\u2019re seeing put us in an incredibly strong position for 2012.\u201d<\/p>\n\n\n\n

With the launch in early 2011 of OpenX Enterprise, the Company offered the online advertising market the first true total revenue serving platform. Since OpenX Enterprise combines an ad server with an ad exchange, it enables publishers to manage exclusive, guaranteed, non-guaranteed and real-time revenue sources all in one unified platform. As a result, for the first time publishers can maximize yield across all their ad revenue channels in real-time in one place.<\/p>\n\n\n\n

Adoption of OpenX by major publishers, advertisers and partners has grown rapidly and is now used by thousands of customers across the world, including Groupon, cci,TheStreet.com<\/em>, Turn, Invite Media, MediaMath, and [x 1].<\/p>\n\n\n\n

\u201cReaching profitability is an important milestone in OpenX\u2019s story,\u201d said Rick Gombos, chief financial officer, OpenX. \u201cWhat\u2019s even more important is that we have achieved profitability by any measure of financial performance \u2013 EBITDA, cash flow and net income.\u201d<\/p>\n\n\n\n

About OpenX<\/strong><\/p>\n\n\n\n

OpenX is the world\u2019s leading independent provider of digital advertising technology that enables businesses to manage and maximize their ad revenue. OpenX products, including OpenX Enterprise and OpenX Market, provide a comprehensive revenue serving platform by combining ad serving with a unique ad exchange.<\/p>\n\n\n\n

OpenX Technologies, Inc. is based in Los Angeles and is backed by leading investors including Accel Partners, Index Ventures, SAP Ventures, AOL Ventures, Mitsui & Co. Global Investment, Inc., Presidio Ventures and O\u2019Reilly AlphaTech Ventures. For more information, please visit\u00a0www.openx.com<\/a>.<\/p>\n\n\n\n

OpenX is a trademark of OpenX Limited.<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","meta":{"_acf_changed":false},"categories":[],"tags":[88,18,24],"class_list":["post-748","press-releases","type-press-releases","status-publish","hentry","tag-corporate-team","tag-demand-partners","tag-publishers"],"acf":[],"yoast_head":"\nOpenX Announces First Full Quarter of Profitability<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/corp-www.prod.gcp.openx.org\/en-gb\/press-releases\/openx-announces-first-full-quarter-of-profitability\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OpenX Announces First Full Quarter of Profitability\" \/>\n<meta property=\"og:description\" content=\"Leading provider of digital advertising technology achieves annual run rate exceeding $100M LOS ANGELES, February 9, 2012 OpenX Technologies, Inc. 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