Sovrn Holdings, Inc. Acquires Proper Media to Expand Solutions for Publishers

Sovrn Holdings, Inc. Acquires Proper Media to Expand Solutions for Publishers

Optimized advertising service gives publishers better tools and insights to make more money

Sovrn Holdings, Inc., a publisher-focused technology company, today announced the acquisition of San Diego-based Proper Media. Proper Media combines industry-leading advertising technology with personalized managed services. The result is high-yielding advertising with insightful unified reporting that boosts revenue and lowers costs. This acquisition extends Sovrn’s products and services and helps publishers make more money, more profitably.

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“Proper Media gives publishers access to enterprise-level technology that increases their revenue while streamlining operations and improving profitability,” said Chris Richmond, co-founder and CEO, Proper Media. “In Sovrn, we’ve found a partner that shares our view that publishers deserve better, and we now have the investment to drive further innovation in website monetization for publishers.”

“Sovrn and Proper Media share a commitment to help publishers better understand, operate and grow their business,” said Walter Knapp, CEO, Sovrn. “Programmatic Advertising is a complex challenge for publishers, and many don’t have the time, resources or expertise to best navigate these changes on their own. Our aim is to help our customers make and keep more of their hard-earned revenues, giving them insights to make better decisions and investments.”

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PR Newswire, a Cision company, is the premier global provider of multimedia platforms and distribution that marketers, corporate communicators, sustainability officers, public affairs and investor relations officers leverage to engage key audiences. Having pioneered the commercial news distribution industry over 60 years ago, PR Newswire today provides end-to- end solutions to produce, optimize and target content -- and then distribute and measure results. Combining the world's largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire powers the stories of organizations around the world. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and Asia-Pacific regions.

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