Press release from Business Wire
AOL Completes Acquisition of Adap.tv
<p class='bwalignc'> <i><b>Combination Solidifies AOL's Position as a Leader in Premium and Programmatic Video Advertising</b></i> </p>
Friday, September 06, 2013
AOL Completes Acquisition of Adap.tv08:00 EDT Friday, September 06, 2013
NEW YORK (Business Wire) -- AOL Inc. (NYSE:AOL) today announced it has completed its acquisition of Adap.tv, Inc., a leading global, programmatic video advertising platform for the world's largest brands, agencies, and publishers.
Adap.tv is the only complete global programmatic video technology stack across all screens currently in the marketplace and will operate independently as part of AOL's video organization. It will be included as part of the overall solution offered by AOL Networks to leading publishers, advertisers and agencies seeking to maximize the value of their online investments.
“With the addition of Adap.tv, AOL's leadership position in digital video is further solidified,” said Tim Armstrong, Chairman and CEO of AOL. “AOL is well positioned to capitalize on two clear trends in the video space – the movement of advertising dollars from linear to online video and the shift from manual transactions to programmatic media buying. We welcome Adap.tv and its extremely talented employees to the AOL team.”
Adap.tv will be a part of AOL's Programmatic Upfront - an inaugural event for the industry - slated for September 23,2013, where hundreds of digital executives will come together to experience the momentum behind automating manual processes and the creative thinking that comes from that efficiency.
This press release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements regarding the anticipated benefits of the transaction and other statements identified by words such as "may," "will," "intend," "estimate," "should," "expect" or similar expressions. These forward-looking statements are based on the current expectations and beliefs of AOL's management, and are subject to uncertainty and changes in circumstances, including, but not limited to, the competitiveness and quality of our combined content offerings and significant competition in the internet advertising industries generally, our ability to timely and successfully integrate Adap.tv's operations into our operations, our ability to retain, hire and develop skilled employees and the parties' performance of their obligations under the agreements. Any forward-looking information is not a guarantee of future performance and actual results may vary materially from those expressed or implied by the statements herein, due to changes in economic, business, competitive, technological, strategic and/or regulatory factors, as well as factors affecting Adap.tv's and AOL's operations and businesses. More detailed information about these factors as they relate to AOL may be found in the section entitled "Risk Factors" in AOL's Annual Report on Form 10-K for the year ended December 31, 2012 and in AOL's Quarterly Report on Form 10-Q for the quarter ended June 30, 2013, filed with the SEC. AOL is under no obligation to, and expressly disclaims any obligation to, update or alter the forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise.
AOL Inc. (NYSE:AOL) is a brand company, committed to continuously innovating, growing, and investing in brands and experiences that inform, entertain, and connect the world. The home of a world-class collection of premium brands, AOL creates original content that engages audiences on a local and global scale. We help marketers connect with these audiences through effective and engaging digital advertising solutions.
Adap.tv, a division of AOL Networks, is transforming the way video advertising is bought and sold. Adap.tv's video intelligence platform helps many of the world's largest brands, agencies, publishers and ad networks intelligently, effectively and safely plan, buy and measure billions of video ad trades programmatically every month across web, linear TV and mobile video.
Headquartered in San Mateo, California, Adap.tv has US offices in Chicago, Los Angeles and New York, and international offices in Australia, India and London.
For more information, please visit adap.tv, or follow Adap.tv on Twitter @Adaptv, Facebook at facebook.com/adaptv and LinkedIn at http://www.linkedin.com/company/adap-tv.
AOL Investor Relations
Eoin Ryan, 212-206-5025
Caroline Campbell, 202-442-3101; 404-444-7970