OpenX (company)

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OpenX
TypePrivate
IndustryOnline Advertising, Big Data
Founded2008
HeadquartersPasadena, California
Key people
John Gentry (CEO), Tim Cadogan (Chairman and Co-founder), Jason Fairchild (Co-founder), Paul Ryan (CTO)
ProductsAd Server, Ad exchange, SSP
Number of employees
200+[1]
WebsiteOfficial website

OpenX Software Ltd., known as OpenX,[2] is a programmatic advertising technology company. The company has developed an integrated technology platform that combines ad server and a real-time bidding (RTB) exchange with a standard supply-side platform (SSP) ensuring the highest real-time value for any trade. OpenX was founded in 2008[3] and has raised over $75 million from Accel, Index, Samsung, Dentsu, Mangrove Capital and others.[4]

Background[edit]

OpenX has offices in Pasadena (HQ), New York, Tokyo, London, and Kraków.[5]

In September 2017, OpenX acquired two publisher tools, Mezzobit and PubNation.[6]

After laying off "around 100 employees" in December 2018,[7] the following month OpenX announced plans to move all on-premises workloads fully into the Google Cloud Platform by Q2 2019.[citation needed]

In May 2019, OpenX launched OpenAudience, a planning and targeting tool based on LiveRamp and Tapad data.[citation needed]

In January 2020, OpenX announced that CEO and co-founder Tim Cadogan was leaving to become the CEO of GoFundMe and that President John Gentry would step into the CEO role.[8] This was followed in April by another round of layoffs where 15% of the company was affected.[1]

References[edit]

  1. ^ a b Sluis, Sarah (2020-04-28). "OpenX Cuts Staff, Hours And Executive Pay In Response To Reduced Marketer Spend". AdExchanger. Access Intelligence, LLC. Retrieved 2020-04-29. OpenX said Tuesday it has laid off, furloughed or cut hours for 15% of its employees. Most of that percentage were layoffs and furloughs, and the number of people whose hours were cut was small, the company said.
  2. ^ "OpenX | Crunchbase". Crunchbase. March 29, 2019.
  3. ^ Jarvey, Natalie (2013-01-17). "OpenX Raises $22 Million for Mobile Expansion". Los Angeles Business Journal. Anna Magzanyan. Retrieved 2019-04-15. OpenX was founded in 2008 as an ad exchange for buyers and sellers of web ads to make instant transactions.
  4. ^ Sarno, David (31 May 2011). "OpenX, Web ad firm, raises $20 million, expects to be profitable within a year". Los Angeles Times. Retrieved 31 May 2011.
  5. ^ "OpenX Office Locations". OpenX. Retrieved 2019-04-15.
  6. ^ "OpenX Acquires Mezzobit And PubNation To Sweeten Publisher Offering | AdExchanger". AdExchanger. 2017-09-25. Retrieved 2017-11-16.
  7. ^ O'Reilly, Laura (2018-12-18). "Ad-Tech Company OpenX Lays Off Around 100 Staff". The Wall Street Journal. New York City: Dow Jones & Company. Retrieved 2019-02-14. Ad-tech company OpenX...has laid off around 100 employees, the company confirmed Tuesday.
  8. ^ Sluis, Sarah (2020-01-29). "OpenX CEO Tim Cadogan Departs For GoFundMe". Ad Exchanger. Access Intelligence, LLC. Retrieved 2020-02-02. OpenX CEO Tim Cadogan is leaving after 12 years to become CEO of GoFundMe. OpenX President John Gentry, a seven-year vet at the company, will step into the CEO role.

External links[edit]