AdTech Splits From CMGI, Acquires AdForce Technology

Share this article:
European ad-serving firm AdTech AG has severed its ties with Internet incubator CMGI Inc. after a two-year relationship and acquired the worldwide licenses to the technology of CMGI's failed ad-serving firm AdForce.


AdTech executives said investments from private donors would enable the company to go private. The company, based in Neu-Isenburg, Germany, plans to focus on technology as an application service provider.


Financial terms of the investment were not disclosed.


"By focusing on technology and an ASP approach, AdTech has reached a very strong position in the online marketing space and already serves customers in 11 European countries," said Michael Schultheiss, AdTech's CEO.


The company plans to integrate its technology with that of AdForce's and soon will release a new version of its ad management software.


"The concentration on technology is the right concept in the ad management business," Schultheiss said.


CMGI, which bought an 80 percent interest in ad-serving firm AdForce in 1999, closed the company in June 2000 after three months of finding no takers. The company had planned to merge AdTech's technology with AdForce's and expand its presence in Europe. CMGI acquired an 80 percent interest in AdTech in January 2000.


At that time, AdForce's closure threatened to leave several of 24/7 Media Inc.'s clients without the means to serve ads. 24/7 Media, which had been using AdForce to serve ads for its European clients, quickly deployed its Connect ad platform to take up the slack.


Share this article:
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

Data Byte: Interactive Ad Revenues Exceeding TV for the First Time

Data Byte: Interactive Ad Revenues Exceeding TV for ...

At nearly $43 billion, interactive advertising revenues exceeded broadcast for the first time in 2013.

Marketers: Data Rich and Knowledge Poor

Marketers: Data Rich and Knowledge Poor

While advertisers have become incredibly data-savvy, the most difficult challenge remains causally linking that data to outcomes that really matter.

The Tweet Beat: Marketo and Acxiom Shake Hands

The Tweet Beat: Marketo and Acxiom Shake Hands

Data collection king Acxiom and marketing automation giant Marketo announce a partnership at the latter's summit in San Fran. The Twittersphere was twitting.