Reveal Mobile, the results-driven geofencing marketing company, announced today the company has acquired Mira, an out of home (OOH) focused location intelligence company based in New York City.
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Reveal Mobile also announced Lyft, Inc. (LYFT) has become the first new customer of the expanded company. Lyft plans to use Reveal Mobile and Mira technology to enable a full suite of attribution and measurement products for vehicles equipped with Lyft’s rooftop digital screens. The subscription-based attribution and measurement solution will enable these vehicles to become fully measurable out of home ad units.
“Mira has long been the premium solution for mobile OOH performance measurement,” said Faizan Bhatty, head of business development and strategic partnerships for Lyft Media. “We’ve long wanted to work with Mira, and now is the time as a result of this acquisition. The company has truly democratized attribution, making it available to a wide range of our advertiser clients. We were determined to work with the optimum provider, and we’re excited to work with Reveal and Mira as our preferred measurement solution.”
While 2020 was a challenging year for digital marketing and paid media teams, Reveal Mobile brought on more than 100 new customers. The company’s new monthly recurring revenue from its geofencing marketing and attribution product, VISIT Local, grew 75% during the year.
Building on this momentum, the company is strengthening its position in the OOH market with the acquisition of Mira. The OOH market is projected to grow 14.5% this year, while digital OOH is expected to grow 19.2%.
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“The Mira acquisition brings Reveal Mobile ever closer to fulfilling our mission to democratize attribution for a wide range of marketing campaigns, with out of home at the top of that list,” said Brian Handly, CEO of Reveal Mobile. “We’re removing the frustration advertisers across the U.S. and Canada feel when trying to prove the business value of their paid media investments. We’re doing this by bringing clear, accurate, and actionable location-based ad campaign performance reports to their fingertips.”
Mira provides solutions designed to make OOH ads and assets more valuable, effective and measurable. The company ties OOH exposure to several types of consumer behaviors, including store visits, streaming video views, website visits, mobile app installs and in-app purchases, and brand lift.
“Mira fills a critical and largely unmet need in the OOH advertising industry by delivering a full suite of planning, research and ad optimization tools, along with our world-class audience measurement and attribution capabilities,” said Jonathan Frangakis, CEO and co-founder of Mira. “Joining the Reveal Mobile team provides us with a strategic opportunity to provide marketers with the tools and confidence to measure out of home in just the way they have been clamoring for.”
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