Sovrn Holdings Explained

sovrn Holdings Inc.
Type:Private company
Industry:Internet
Location City:Boulder, Colorado
Area Served:Worldwide
Products:Computer software
Services:Advertising

Sovrn Holdings is an online advertising technology firm based in Boulder, Colorado with offices in San Francisco, San Diego, New York City, and London.[1] Sovrn operates a traditional ad exchange, but it also utilizes the data it collects to provide publishers with a dashboard, giving them the tools to better monetize and engage with their audiences.[2] "

In January 2014, John Battelle sold the direct sales arm of Federated Media Publishing to LIN Media and relaunched the company's programmatic advertising business, formerly known as Lijit Networks, as Sovrn Holdings.[3] Battelle appointed Walter Knapp, the former COO of Federated Media Publishing, as CEO of Sovrn Holdings.[4] According to MediaPost, the sale enabled "the publisher-side technology company to fully invest in programmatic advertising, including real-time bidding (RTB), programmatic direct sales and private marketplaces.[5]

In November 2014, Quantcast ranked Sovrn as the world’s fourth-largest publisher network, reaching a monthly global audience of over 423 million people and more than 700 million monthly unique visitors. Quantcast also ranked Sovrn as the third-largest publisher network in the United States reaching over 201 million people every month in the US.[6]

In September 2016, Sovrn acquired Zemanta's Editorial Assistant and Related Posts Wordpress products, which had over 260,000 Wordpress installs, from New York-based Zemanta Inc. for an undisclosed sum.[7] [8]

In July 2021, Sovrn acquired San Diego-based Proper Media for an undisclosed sum.[9]

Notes and References

  1. Web site: sovrn.com.
  2. News: Robinson. James. The ad game is rigged against online publishers, but Sovrn thinks it can be the answer. April 24, 2014. PandoDaily.
  3. News: Griffith. Erin. Exclusive: Federated Media sells off 'direct sales' biz. January 28, 2014.
  4. News: Avery. Greg. Federated Media makes Lijit a new Boulder online ad biz again. BizJournals. January 28, 2014.
  5. News: Loechner. Tyler. Federated Media Goes Full Programmatic And Declares Itself 'Sovrn' - Real-Time With New CEO Knapp. MediaPost. January 29, 2014.
  6. News: Ad Exchanges Top Quantcast&#39s List of Top Global Ad Networks and Platforms, Led by Rubicon Project. Quantcast. November 10, 2014.
  7. Web site: Boulder-based Sovrn acquires Zemanta technology. Uncategorized. Doug Storum-. Boulderopolis. 2017-05-18.
  8. News: Boulder-based Sovrn acquires Zemanta technology . 9 August 2020 . BizWest . 8 September 2016.
  9. News: Sovrn Holdings, Inc. Acquires Proper Media to Expand Solutions for Publishers . 28 July 2021 . prnewswire . 14 July 2021.