Google buys PostRank for social analytics

Share this article:

Google acquired social analytics company PostRank, a firm that measures social media engagement for online advertisers and publishers, on June 3.

Waterloo, Ontario-based PostRank said in a company blog post that its employees will relocate to Google's Mountain View, Calif. headquarters. The four-year-old company measures social media engagement by analyzing consumer interactions with content on various social networks, including Facebook and Twitter.

PostRank referred requests seeking comment to Google, which declined to comment on personnel matters.

“We're always looking for new ways to measure and analyze data, and as social analytics become increasingly important for online businesses, we're excited to work with the PostRank team to make this data more actionable and accountable,” said a Google spokesperson, via email. “They have developed an innovative approach to measuring Web engagement, and we think they can help us improve our products for users and advertisers.”

Jake Wengroff, global director of social media strategy and research at Frost & Sullivan, said the acquisition will give Google another metric to measure advertising performance, particularly for social ROI.

“Advertisers need to measure this [social media] engagement, and need to measure this value, because it's proving costly and advertisers are losing patience. They need as much data and as much analytics as possible — so this can only help," he said. "Google doesn't want to be a one-trick pony, and they want to provide the deeper marketing solutions for their advertisers."

Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

News Corp. Chief Brands Google an 'Unaccountable Bureaucracy'

News Corp. Chief Brands Google an 'Unaccountable Bureaucracy'

Robert Thomson warns the EU that an antitrust deal with Google will lead to a decrease in competitive options for marketers and an increase in piracy.

Video's Going Programmatic, New Study Contends

Video's Going Programmatic, New Study Contends

Some 60% of brands now buy online video programmatically, according to a study from AOL's Adap.TV.

Dollar Growth Rate of Video to Peak This Year

Dollar Growth Rate of Video to Peak This ...

It will increase by 56% to $6 billion, then taper off due to growth in inexpensive mobile placements, says a new study.