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Tag: M&A

Ekinops completes the acquisition of OneAccess

4th October 2017

Sector: Technology

October 4th, 2017 - Ekinops, a leading supplier of next-generation optical network equipment, is pleased to announce the completion of the acquisition of OneAccess. This combination creates a major player in transport, Ethernet and corporate routing solutions for telecommunications networks, generating combined revenues of approximately 76 million euros and EBITDA margin of 6.3% (2016 proforma). The market capitalization of the new group amounts to approximately 119 million euros (as of September 29, 2017). The combined technological vision of the two companies and their highly complementary product sets will enable Ekinops to better serve its customer needs. Key industry trends such as Network Function Virtualization and exponential increase in Internet traffic are driving strong customer demand for the solutions developed by Ekinops and OneAccess. In addition, OneAccess has developed a strong presence with very large operators (with 15 customers in the world’s top 30), while Ekinops mainly addresses second-tier carriers, many of which are in the US market. The strong complementarity and limited overlap between the two companies’ customer base should place Ekinops in a strong position to generate commercial synergies. Finally, in a sector where the size of a telecom provider has a direct impact on its ability to win large contracts, this acquisition gives Ekinops a critical size to significantly increase the penetration of its products within major service providers. Didier Brédy, Chief Executive Officer, said: “With the completion of this acquisition, Ekinops will be a stronger company, positioned for future growth. Our shared technological vision, strong software culture and significant commercial, geographic and complementary product sets  will enable us to create value for our customers, employees and shareholders.” Ekinops Contact Dominique Arestan, Marketing Communications Director Voice: +33 (0)1 49 97 04 03 Mobile: +33 (0)6 42 10 95 05 darestan@ekinops.net

About Ekinops

Ekinops is a leading provider of open and fully interoperable layer 1, 2 and 3 solutions to service providers around the world. Our programmable and highly scalable solutions enable the fast, flexible and cost-effective deployment of new services for both high-speed, high-capacity optical transport as well as virtualization-enabled managed enterprise services. Our product portfolio consists of two highly complementary product sets. One, marketed under the Ekinops 360 brand name, provides a single, fully integrated platform for Metro, Regional, and Long-Haul applications. The other, marketed under the OneAccess brand name, provides a wide choice of physical and virtualized deployment options for layer 2 and layer 3 network functions. As service providers embrace SDN and NFV deployment models, Ekinops’ solutions enable them to deploy today in the knowledge that they can seamlessly migrate to an open virtualized delivery model at a time of their choosing A global organization, with operations in 4 continents; Ekinops (EKI) - a public company traded on the Euronext Paris exchange - is headquartered in Lannion, France, and Ekinops Corp., a wholly-owned subsidiary, is incorporated in the USA.
eki listed euronext Name : Ekinops ISIN Code : FR0011466069 Mnemonic code : EKI Number of shares : 21,230,037
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Launchmetrics Acquires Visual Box, Launches Platform

31st May 2017

The company has launched a public relations and influencer monitoring tool dubbed Discover.

Sector: Retail, Technology

CANNES, France — Looking to offer fashion, luxury and cosmetic brands a 360-degree view on their investments in both digital and traditional print communication, Launchmetrics has acquired Visual Box and launched a new product, dubbed Discover. Billed as the first one-stop tool for measuring print, online and social, the new platform is geared at allowing brands to monitor the impact of campaigns and events as well as garner key insights into their cross-channel performance in the media and with influencers. Discover marks the first launch for Launchmetrics since the company’s creation in January 2016 when Fashion GPS, a technology provider for the fashion industry, merged with influencer marketing specialist Augure. The company, which has also appointed Paolo Valota senior vice president, monitoring, is based in New York and counts 1,700 clients spanning 70 countries, including Dior, Fendi and Levi’s. Founded in Italy in 2000, Visual Box, meanwhile, is billed as being a leader in international fashion beauty and lifestyle media monitoring and analysis services, with a fully searchable fashion media database spanning editorial coverage and advertising data. The platform monitors over 1,800 titles – from daily newspapers to niche bi-annual books – with around 5,000 pages analyzed daily. “Our aim is to offer brands, in one tool, the ability to measure the value of each medium,” Michael Jais, chief executive officer of Launchmetrics, told WWD in an interview in Cannes. “This acquisition will allow us to bring the market a way to really evaluate the return on investment of a campaign. Today it’s really difficult to benchmark the value of a ‘like’ or of an article in a title like Vogue, say, for a brand.” Jais was in town to meet with city officials to discuss the launch of a fund for fashion-tech start-ups planned for June. “The idea is to create a kind of ecosystem for start-ups dedicated to fashion-tech luxury in Cannes, like for Silicon Valley but for fashion and luxury,” said the executive who also revealed that Cannes is planning to open a university “that can also host a lot of programs” dedicated to the subject, due to open in around 2019. “There will be the incubation program, and investment fund, and also an academic program. It will be a joint program between the city of Cannes and a group of individuals, including myself,” he added. Jais declined to disclose the terms of the Visual Box acquisition, but said it will give Launchmetrics access to 12 years of data linked to how brands interact with print. The company is actively looking to make further acquisitions in order to grow revenues from the current 25 million euros, or $27.9 million at average exchange rates, to 100 million euros, or $111.8 million, by 2021, he said. The plan, he added, is to invest in two directions: in the services area, “to help improve the user experience in terms of helping customers better understand the data,” and in data itself. Launchmetrics currently monitors 100,000 influencers, and 1.7 million websites worldwide, has “a lot of data on the brands,” including monitoring “everything that is published by 20,000 brands in the world,” as well as “a lot of data” linked to “the interaction between influencers and the brands,” said Jais. “But to really take it to the next level, we need to invest in technology around image recognition and product classification.” He also revealed plans to bring in retail data and integrate data “related to the entire value chain of the fashion luxury business.” On average the return on investment for brands using all of Launchmetrics’ tools, he said, is around 80 percent, “meaning it improves the efficiency of their launch by 80 percent.” The company currently offers six tools covering areas including sample, content, and event management. The firm’s revenue is partly generated through subscriptions, according to Jais. Customers pay anywhere from $200 to $50,000 per month, he said, with a current total of around 900 customers. Jais also shared insights gleaned from recent analytics campaigns carried out for brands. “For example, at the shows, the real celebrities are the models. The reach that is driven by the models when they publish anything on Instagram is at least 10 times superior to the reach of the celebrities watching the runway,” he said. “It shows that the audience is really there to see the product, which is good news. It also shows that people are interested in what is behind the scenes, and the models are the only ones to get access behind the scenes. Five percent of guests invited to the show make up 90 percent of the global reach of a show, and they are mainly bloggers and two or three celebrities.” Source

Telco Altice to acquire video ad tech player Teads for $308M

3rd April 2017

Sector: Technology, Media

Another telco is buying an adtech firm — today it’s been confirmed that video ad player Teads is being acquired by Dutch telecom Altice, which has some 50 million fixed and mobile subscribers, the majority of whom are in the U.S. and France. Teads claims its global online video advertising marketplace has more than 1.2 billion unique visitors, including 720 million via mobile. Teads is being valued at €285 million (~$308 million) “on a cash and debt free basis” by Altice, with the purchase price subject to it meeting certain revenue targets in 2017. Seventy-five percent of the purchase price will be due at closing — with the remaining quarter becoming payable in early 2018, should targets be met. The pair say they are expecting the acquisition to close in mid-2017, following competition reviews. Teads offers so-called “outstream” video ad format — enabling ads to be displayed outside of a video stream, such as within any content on a webpage, thereby enabling publishers to house video ads without needing to produce their own video content to host the ad inventory. Its revenue grew by 44 percent in 2016 to an estimated €187.7 million. The French company was founded back in 2011, and despite previously talking up the prospect of an IPO, Teads has remained private, while making some acquisitions of its own. It also merged with another adtech firm, Ebuzzing, in 2014. As noted above, there’s a growing trend of telcos going shopping for adtech firms — not least TechCrunch’s parent company AOL’s parent Verizon, which is also in the process of closing in on Yahoo‘s adtech.
Altice and Teads say the acquisition rationale is the strategic combination of their assets — citing, for example, the advantage of being able to link Altice’s “unique first party data-sets” (aka the personal data of the 50 million subscribers to its broadband and mobile services) with Teads’ “relationships with 94 of the top 100 advertisers globally” and “partnerships with 500+ premium publishers globally and 8,000 vertically specialized publishers.” In simpler terms, this is about telcos monetizing knowledge of their vast user-bases by finding ways to benefit from serving them targeted premium advertising — and in the U.S. now encouraged by President Trump’s new FCC chairman pick, Ajit Pai, who is a fan of very-light-touch regulation (versus the prior FCC chairman’s intent to expand broadband privacy rules). Commenting in a statement, Michel Combes, CEO of Altice, said: “There is significant incremental value to be generated from our assets. Teads, a powerful business in itself, with major presence in Altice footprint notably in the U.S. and France, will enable us to offer a truly unique value proposition to brands and agencies on the one hand and the media industry, programmers and distributors on the other. It is that value proposition — data-driven, measurable and multiscreen — which will enable us to significantly grow our advertising business. We are very excited to partner with Pierre, Bertrand and their talented team.” While Pierre Chappaz, founder and executive chairman of Teads, added: “Since our inception we have strived to offer our clients with superior advertising solutions based on measurable performance and technological innovation. As part of Altice, we will be able to offer even more tailored, data-driven solutions and take our value proposition from the digital world to a multiscreen platform, which includes TV, digital, mobile and tablets.” Altice’s stock was trading up 1.45 percent following the announcement. Source

Video ad company Teads acquires Brainient

17th November 2016

Sector: Technology, Data

Teads, the video ad company that last month raised $47 million in debt financing in order to go on a buying spree of other adtech startups, is staying true to its word. Today it’s announcing the acquisition of UK and Romania-based Brainient, the interactive video ad startup founded by Emi Gal, who has been a fixture of the London tech scene for almost as long as I’ve been reporting on it. Founded in 2009, Brainient and its smart Romanian engineering team hit on the idea of increasing the engagement and performance of online video adverts by making them more personalised and interactive. The former refers to way Brainient-powered ads can tap into any data source to allow the ads served to match a user’s profile and preferences — including socio-demo, geolocation, screen used, time of the day, weather (or basically any other type of contextual data) — while the latter includes things like making video ads ‘shoppable’ or the ability to submit an in-video form to request further information about a product. The Brainient studio is a suite of tools that takes care of the heavy lifting to make these kind of interactive and data-driven video ads, including ensuring they can easily be reconfigured to work across formats and devices and they are compatible with the disparate video ad networks and publisher properties. And it’s here where Teads’ acquisition of Brainient comes into play. Bertrand Quesada, CEO of Teads, told me in a call that the plan is to be able to offer the newly-named Teads Studio to the company’s existing customers for free, in order to increase the ROI of the Teads video ad proposition. That’s because the European company specialises in so-called “outstream” ads: video ads that reside outside of video content, such as placed in an article between two paragraphs of text. These already potentially perform better than traditional video pre-rolls and by making the ads themselves data-infused and interactive, the idea is to not only enable Teads’ customers to innovate around where video ads are placed and how they are delivered but also within the creative itself. Brainient has always claimed that its interactive video ads perform better than standard ones. In a call with Brainient’s Gal, he sounded upbeat about the exit, although both he and Quesada declined to reveal terms of the deal. Brainient had raised around $4 million in total funding, including a $1.8 million Series A in 2012 led by Prague-based Credo Ventures with participation from Atlas Venture, Estag Capital, Sherry Coutu, and Dave McClure’s 500 Startups. A source close to one of Brainient’s investors also told me they were very happy with the return the startup’s exit has produced and they wouldn’t hesitate backing Gal a second time, should he ever go on to start another company. Separately, another source told me that the startup had previously fielded offers of around $10-12 million, so make of that what you will. I also understand that although Gal and Brainient’s other co-founder and CTO Andrei Baragan were the startup’s largest shareholders, they no longer held a majority stake. Meanwhile, Gal tells me he’ll be relocating to New York City to help Teads Studio sell more into the U.S. market (something he said he needed to do urgently as far back as 2012!) and that this was always the plan once Brainient felt it had become a leader in Europe. He also says that with Teads’ resources, Brainient plans to double the size of its engineering team in Romania and continue to iterate the product. Source