|[August 20, 2013]
Inc. Magazine Names OpenX to Annual Inc. 500 List
LOS ANGELES --(Business Wire)--
OpenX Technologies, Inc. (OpenX), a global leader in digital and mobile
advertising technology, today 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.
"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 (News - Alert) 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 larges mobile device and electronics manufacturer
(Samsung Venture Investment Corporation), the venture arm of one of the
world's leading Enterprise software manufacturers (SAP (News - Alert) 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
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 (News - Alert), 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
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