Join us Sept. 14-16 in Miami to connect with top publishing leaders
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
Location data fuels mall giant Simon’s new pitch to advertisers
Simon is letting brands target shoppers in its malls in other environments and use new measurement tools based on Simon’s consumer data.
Why brands are turning to older creators for authenticity AI can’t fake
Millennial and Gen X content creators offer consistency, authenticity, and storytelling; three things brands need now more than ever.
The Telegraph’s next podcast play: video, events and paid memberships
The Telegraph is expanding its video podcast strategy into franchises spanning events and paid memberships to deepen audience relationships.