Type Private Number of locations 12 Chief revenue officer Mike Pallad Number of employees 200 (as of February 2012) | Founder Michael Cassidy Website www.undertone.com Founded 2002 President Rob Schwartz | |
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Industry online advertising, internet services Key people Michael Cassidy (President and CEO)
Eric Franchi (Co-Founder) Headquarters New York City, New York, United States CEO Corey Ferengul (1 Jun 2014–) Parent organizations Perion Network, Intercept Interactive Profiles | ||
Undertone is a digital advertising company founded in 2002, initially as a subsidiary of Intercept Interactive, a digital media buying company. In December 2015, Undertone was acquired by Israeli software making company Perion Network for a fee of $180 million.
Contents
History
In 2010 and 2011, the company introduced proprietary high impact display ad units called "PageGrabber" and "PageSkin". Undertone's clients include AccuWeather and Britannica.
Undertone has been described as one of the last independent ad serving platforms in 2009 but has since bought up several competing companies.
Services and products
Undertone offers online advertising display and video advertising services that allows businesses to target ads to specific locations, demographics and keywords. Additionally, Undertone offers service guarantees, promising to refund money if clients demonstrate that their ads are displayed outside the agreed-upon portfolio of website.
Working conditions
Among other benefits, Undertone gives employees three to four weeks of vacation, pays 100% of premiums for health, life and disability insurance and gives everyone in the firm stock options. Employees also get a $5,000 bonus for referring staff members.
Undertone was recognized by Crain's New York in 2008, 2009, 2010, and 2011 as one of the Best Places to Work in New York City. In 2012, Advertising Age named Undertone the 9th Best Place to Work in Marketing & Media for the company's unique culture and emphasis on its employees.
Acquisitions
In 2008, Undertone raised $47 million from JMI Equity to acquire smaller competitors. In June 2014, Undertone signed an agreement to purchase Israeli digital media company Upfront Digital Media; it made the purchase in particular to benefit from Upfront's proprietary advertising platform. Upfront, which was founded in 2010 as Legolas Media, offered managed and self-serve consoles for programmatic buying of ads direct to publishers and through a number of supply and demand partners.
In June 2015, Undertone announced the acquisition of Sparkflow, an all-in-one platform for cross-screen rich media advertising. Sparkflow was founded in 2013 in Buenos Aires, Argentina by Sebastián Alberto Miret, Gabriel Sánchez Catena, and Rodrigo Oscar Vazquez, a team of digital marketing and advertising veterans with more than a decade’s experience in the rich media advertising ecosystem.