The Enterprise Software Company Doubles YoY Investment To Meet Growing Demand, Further Address Industry Problems Like Fraud, Transparency, Privacy, Interoperability
MadHive, the enterprise software platform that powers modern media, has agreed to a $100 million deal with SADA, the global business and technology consultancy, to significantly expand its use of Google Cloud. A Google Cloud premier partner, SADA will assist with the integration as MadHive doubles its $50 million Google Cloud investment deal announced last year to support the company’s explosive growth.
Marketing Technology News: MarTech Interview with Ajay Khanna, Chief Marketing Officer at Explorium
MadHive’s infrastructure-as-a-service enterprise software continues to rapidly accelerate local OTT reach extension across major broadcasters including Fox, Hearst, Scripps and TEGNA’s Premion. More recently, DTC brands and agencies aiming to target more precise audiences beyond social media, such as the computer security company McAfee, have bolstered MadHive’s client roster and further fueled its 100% YOY revenue growth.
“Over the past year, MadHive has been in a period of hyper-growth as broadcasters and brands adopt our technology to power their cross-channel advertising efforts,” said Adam Helfgott, CEO at MadHive. “This increased investment in SADA and Google Cloud will allow MadHive to create an even stronger infrastructure that allows for lightning-speed insights and campaign optimizations, while solving widespread industry problems like fraud, transparency, privacy and interoperability for our clients.”
Marketing Technology News: Adobe Appoints Dan Durn Chief Financial Officer
By doubling its investment in Google Cloud, MadHive will strengthen its ability to deliver:
— Baked in fraud detection and prevention
— The most accurate forecaster in OTT, allowing customers to predict the success of a campaign against specific inventory and audiences
— Advanced targeting capabilities that fully comply with GDPR and CCPA privacy regulations
— Simplified, full-stack software that removes unnecessary middlemen and their fees
— Interoperability across various screens and channels, including digital out of home, digital audio, display, and more
“We’re excited to see the team of experts at SADA expand their work with MadHive,” said Carolee Gearhart, Channel Chief at Google Cloud. “Google Cloud partners like SADA are creating tremendous value for customers, and through this partnership, SADA will support MadHive’s growth with Google Cloud’s flexible, scalable, and secure infrastructure and services.”
Google Cloud offers massive processing power and sophisticated machine learning capabilities, which allows for cross-screen planning and precision targeting. SADA’s expertise has helped MadHive save 60% on cloud services with Google Cloud by building more efficient scaling systems.
“Our extensive expertise in scaling Google Cloud operations will allow MadHive to spend its time more effectively researching, iterating and deploying technology that is revolutionizing the advertising industry,” said Tony Safoian, CEO of SADA. “Our team of cloud experts support MadHive with everything from implementation and scaling to cost optimization, security and problem solving with Google Cloud engineers.”
Marketing Technology News: Mintegral Ranked as One of the Top 10 Ad Networks in the…