Adobe’s clearly serious about reorienting itself to become a central player in digital ad buying: it has spent $2.4 billion in the past year on acquisitions in ad tech.
The company gave the figure in a blog post announcing it has closed the acquisition of digital marketing manager Efficient Frontier, its latest acquisition. The deal cost Adobe $400 million, according to company officials, and will add 350 employees. Combined with Adobe’s earlier purchases of video ad platform Auditude, data manager Demdex and Web content management system Day Software, Adobe has spent $2.4 billion. Adobe spent $248 million on Day, according to financial filings. It reportedly paid $120 million for Auditude. Adobe has stated in financial filings that Web analytics giant Omniture was its biggest move, costing $1.8 billion. It doesn’t appear like Adobe is finished either.
“With Efficient Frontier, we continue to make customer-driven business decisions as we build a powerful and comprehensive digital marketing platform to drive business impact through the marketing department,” Adobe gm of digital marketing Brad Rencher and gm of advertising and digital marketing David Karnstedt wrote in a company blog post.
In November, Adobe cut 750 positions in North America and Europe, stating it was doing so in order to reorient its business around growth in digital media and marketing. Its executives have positioned the company as a credible alternative to Google, as an independent third-party tech provider without the sort of conflicts Google invariably has. There’s little doubt it will have plenty of additional companies to choose from for future acquisitions in the crowded ad-tech landscape.
More in Media
How a fashion creator turned audience demand into a 500+ client styling business
A creator with a fashion merchandising degree speaks on her quest to diversify revenue fast, from styling to sweat equity investment.
Forbes looks to Google AI pilot for insights as publishers seek value beyond the click
Forbes has joined Google’s paid News AI pilot that gives Google expanded rights to its content to test new ways of providing readers with context about stories before they click through.
The Verge switches up its audience team to prepare for Google Zero
The Verge has restructured its audience development team to prioritize loyal readers over traffic and page views.