| Nexxen | |
| Former Name: | Tremor International Ltd., Marimedia, Taptica |
| Type: | Public |
| Industry: | Advertising |
| Foundation: | , in Israel |
| Hq Location: | New York |
| Location Country: | United States |
| Area Served: | Worldwide |
Nexxen (formerly Tremor International Ltd.) is a publicly traded advertising-technology company. Founded in 2007, it focuses on digital advertising with its stock trading publicly on both the Nasdaq and London Stock Exchange.
Nexxen was founded as Marimedia in 2007 by Maia Shiran and Ariel Cababie. It began as an online advertising company with its principal technology platform Ad$Gadget launching in 2011.[1]
In November 2010, Hagai Tal and Ehud Levy acquired 50% of the company, with Hagai Tal becoming chief executive office in December 2013.[1] Levy was also a director and investor at Taptica, a mobile advertising technology company from which Marimedia would later take its name.[2]
In April 2014, Marimedia acquired a purchase option for Taptica in return for extending a $1.5 million credit line.[1] In order to fund the option, Marimedia listed on AIM in London May 2014, raising £17.9 million.[3] Marimedia purchased Taptica for $13.6 million in October 2014.[4] [5]
In May 2015, the company issued a profit warning and said it planned to close its original business of Qadabra and focus solely on Taptica.[6]
In September 2015, the company acquired social marketing tech company AreaOne.[7] In 2016, Taptica acquired 57% of Japan-based Adinnovation for $5.7 million.[8] In 2017, Taptica acquired Tremor Video's demand-side platform for $50 million, a company from which they would later take their name.[9]
In December 2018, Hagai Tal stepped down as CEO after a US court ruled that he had concealed material facts during the sale of Plimus in 2011.[10]
In February 2019 Taptica merged with RhythmOne.[11] Both companies were listed on the stock exchange, so Taptica retained its listing and RhythmOne shares were converted into Taptica shares. Ofer Druker was announced in April 2019 as the CEO of the combined entity.[12] In June 2019 Taptica renamed itself to Tremor International. In 2020, the combined company acquired video ad platform, Unruly, from News Corp.[13] In September of 2022, Tremor International closed on the acquisition of Amobee for $239M.[14]
Tremor International rebranded as Nexxen in 2023.[15]
Taptica has developed an application that analyzes cell phone users' behaviors, spending and how the previous relate to demographic data such as age, gender and location, with the data then being used by advertisers.[16] [17] [18] Taptica sells advertisements based on complete transactions, such as registering for a game.