OpenX’s Strong Growth and Performance Recognized in Magazine’s List of America’s Fastest Growing Companies
LOS ANGELES – OpenX Technologies, Inc. (OpenX), a global leader in digital and mobile advertising technology, announced it has been ranked number 224 by Inc. magazine (Inc.) on the annual Inc. 500 list of the fastest-growing private companies in America. The annual Inc. list features privately held companies that have demonstrated strong growth in recent years and are considered the best run, most innovative and most inspiring. The full list was published today on Inc.com and in the September issue of the publication’s print edition.
“We are honored to receive this significant recognition as we aim to fulfill our vision of unleashing the full economic potential of digital media companies”
“For 32 years, Inc. has welcomed the fastest-growing companies in America into a very exclusive club,” commented Eric Schurenberg, editor in chief, Inc. “Make no mistake: The club is more exclusive this year than ever in its history.”
“We are honored to receive this significant recognition as we aim to fulfill our vision of unleashing the full economic potential of digital media companies,” said Tim Cadogan, chief executive officer, OpenX. “The Inc. 500 list identifies America’s exceptional private companies and OpenX’s inclusion is confirmation of our strong growth and future potential. We’re thrilled with the progress we’ve made building one of the world’s most comprehensive ad revenue platforms, the success and value we have provided to our customers globally and, most of all, the massive opportunities that lie ahead.”
OpenX’s products enable digital media companies to maximize their ad revenue on any digitally connected screen. The Company has grown very rapidly achieving $154 million in revenue last year. In February 2013, the Company closed its Series E funding round led by Samsung Venture Investment Corporation, which was joined as a new investor by Dentsu Inc. digital subsidiary cyber communications, inc. With its latest round, OpenX has now raised more than $75 million from the venture arm of the world’s largest mobile device and electronics manufacturer (Samsung Venture Investment Corporation), the venture arm of one of the world’s leading Enterprise software manufacturers (SAP Ventures), and leading U.S. and European venture capital firms, including Accel Partners and Index Ventures.
A key driver of OpenX’s growth has been the global adoption of its digital monetization platform, which combines a pioneering Real-Time Bidding (RTB) exchange and a Supply Side Platform. OpenX was one of the first proponents of RTB and is now one of its leading providers: OpenX Ad Exchange now processes more than one million bids per second at peak and 96 percent of the nation’s leading advertisers participate in the marketplace. Moving forward, OpenX plans to focus on additional M&A activity, international expansion and broadening adoption of its digital revenue platform.
The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009. Additionally, they have to be U.S.-based, privately held, for profit, and independent – not subsidiaries or divisions of other companies – as of December 31, 2012. The minimum revenue required for 2009 is $100,000; the minimum for 2012 is $2 million. The Inc. 500 represent the top tier of the Inc. 5000, which can be found at www.inc.com/5000.
OpenX is a global leader in digital and mobile advertising technology. OpenX’s vision is to unleash the full economic potential of digital media companies. OpenX solutions provide a unique Software as a Service platform by combining ad serving, an ad exchange, which includes Supply Side Platform technology, and content valuation.
OpenX Technologies, Inc., a wholly owned subsidiary of OpenX Software Ltd., is based in Los Angeles and is backed by leading investors including Accel Partners, Index Ventures, SAP Ventures, and Samsung Venture Investment Corporation.
For more information, please visit www.openx.com
OpenX is a trademark of OpenX Limited.
About Inc. and the Inc. 500|5000
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com
The Inc. 500|5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation’s most successful private companies has become the hallmark of entrepreneurial success. The Inc. 500|5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions.