| Crakmedia Network | |
| Industry: | Online advertising |
| Founded: | 2006 |
| Founder: | Nicolas Chrétien, Xavier Farooghi, Frédéric Hains |
| Hq Location: | Quebec City, Canada |
Crakmedia Network is a Canadian company headquartered in Quebec City. It specializes in various Internet-related services.[1] [2] [3]
Crakmedia Network was founded by Nicolas Chrétien, Xavier Farooghi, and Frédéric Hains in 2006. Chrétien, Farooghi, and Hains had also created a humor site in 2004.[4] After refusing a company purchase offer from Brad Greenspan, they attempted to develop the site into a video sharing platform before eventually focusing on traffic monetization and programming their own statistics and advertising campaign management tool.[5]
Crakmedia Network moved to a new office in the Saint-Roch district of Quebec City in 2014. It collaborated with architectural firm Parka on the new office's layout.[6]
In 2015, Farooghi decided to step down from his position at Crakmedia Network, and Chrétien purchased his shares in the company.[7] By 2016, the company had 17,000 affiliate customers, with 98% of the company’s business coming from abroad.
Crakmedia was ranked 31st in Deloitte’s Canadian Technology Fast 50 and 242nd in its Technology Fast 500 list in 2015.[8] [9]
In 2018, the company won the SME of the year at the Mercuriades gala from Federation of Quebec Chambers of Commerce.[10]
Crakmedia partnered with the Centre Durocher community center to provide Christmas gifts to underprivileged children in Lower Town Quebec in 2021.[11]
In 2014, Essociate, Inc. filed a patent infringement lawsuit against Crakmedia Network, alleging that Crakmedia Network's internet advertising system infringed upon Essociate's ‘660 Patent.[12] [13] Essociate had also sued companies such as Clickbooth for infringement of this patent.[14] In 2015, the U.S. District Court for the Central District of California ruled in favor of Crakmedia Network, invalidating Essociate's patent based on Alice Corp. v. CLS Bank.[15]
Crakmedia was a finalist for the 2015 Prix Rayonnement hors Québec at Fidéides.[16]
Crakmedia was also named one of L'Actualité’s 2015 Leaders, ranked as the 6th-fastest growing company in Quebec. It was also named a Leader by L'Actualité in 2016, ranked as the 16th -fastest- growing company in Quebec.
Crakmedia was a finalist for the 2016 Mercuriades Awards in the category “Contribution to Economic and Regional Development - Large Company.”[17]