As the mobile app space matures and consolidates, one of its early entrants is floundering. Smaato just appointed its fourth CEO in a year after laying off 10% of its staff. Total headcount is down 20% from the beginning of last year, with the mobile exchange going from 240 to 190 employees. Ajitpal Pannu, who […]
Smaato has a new CEO. The mobile supply-side platform told employees Friday morning that Ragnar Kruse and Petra Vorsteher are exiting the company they co-founded 15 years ago. Arndt Groth, who joined Smaato as president in 2017, will succeed Kruse, who had served as CEO since Smaato’s inception. Kruse and Vorsteher are handing over the […]
Singtel-owned Amobee is shuttering its supply-side platform and giving walking papers to a little less than 5% of its workforce. Headcount as of 2014 stood at roughly 600, according to CEO Mark Strecker in a previous interview with AdExchanger. The mobile ad firm reached out to its third-party demand-side partners this week – Amobee works with […]
Independent mobile supply-side platforms (SSPs) are going extinct, the result of commoditization and natural evolution. “It’s been really hard to be a single-point solution player in the ad tech space for a long time, but now it’s almost impossible,” said Christopher Hansen, chief product officer at IgnitionOne. “Just take a look at the Terry Kawaja […]
Berlin-based RNTS Media group, which owns a portfolio of mobile technology companies, will acquire Israeli RTB mobile ad exchange Inneractive for an initial payment of $46 million, which could rise to $72 million if Inneractive hits incentivized targets. This is the third in a string of acquisitions RNTS Media and its primary business property, the […]
