Earlier this year, Pandora announced that it would acquire AdsWizz. That same day, AdsWizz confirmed the acquisition in a tweet that linked to a press release on Business Wire. Pandora posted the same press release on their website.
Pandora is the world’s most powerful music discovery platform. AdsWizz has created the end-to-end technology platform that is powering the digital audio advertising ecosystem. From dynamic ad insertion to advanced programmatic platforms to innovative new audio formats, AdsWizz efficiently connects buyers and sellers in digital audio.
Pandora announced that the addition of AdsWizz will upgrade Pandora’s ad tech capabilities, provide its advertisers with greater audience reach, and expand the company’s revenue opportunities.
AdsWizz is one of the few ad tech firms that is completely dedicated to digital audio, serving some of the largest players in the industry. With digital audio advertising growing 42% year-over-year, according to the IAB, the combined offering of Pandora and AdsWizz will capitalize on this trend, making it easier for publishers to monetize their inventory and for advertisers to buy and measure their campaigns.
Once fully integrated, advertisers will be able to transact through AdsWizz’s global marketplace across Pandora and other leading audio publishers. Pandora will support the growth of AdsWizz’s core business and invest in technology development that serves all constituents.
The press release states that AdsWizz will become a subsidiary of Pandora. Alexis van de Weyr will remain the CEO of AdsWizz. Pandora agreed to pay $145 million in a combination of cash and stock, with a minimum of 50 percent paid in cash and stock (with a minimum of 50 percent paid in cash and the remainder to be paid, at Pandora’s election, in either cash or stock. This transaction is expected to close in the second quarter of 2018.
HowStuffWorks is an award-winning source of unbiased, reliable, easy to understand answers and explanations of how the world actually works. AdsWizz is the leading global digital audio advertising solution provider. HowStuffWorks and AdsWizz have partnered to connect adversing to the HowStuffWorks podcasts.
HowStuffWorks announced that it will bring dynamic advertising to its expansive podcast library, doubling new advertising inventory for its existing and future portfolio of leading brand partners. Powered by AdsWizz, the partnership is intended to strengthen the value of podcast advertising for brands, while maintaining an inherently intimate listening experience.
HowStuffWorks’ 12 podcast brands have amassed over 650 million downloads in the last eight years, and garner over 29 million downloads every month. With an evergreen podcast library of more than 6,000 episodes totaling over 3,000 hours of listening time, combined with dynamic ad insertion technology, HowStuffWorks is now uniquely positioned to provide a new level of scale to brands seeking to enhance their digital advertising across all platforms.
This technology partnership reinforces HowStuffWorks’ commitment to curated, live-read ad integrations that foster a personal connection with listeners.
AdsWizz has built a suite of solutions dedicated to bringing advanced advertising capabilities and extending this one-to-one experience by creating and implementing unique listening experiences informed by listener information like location, content preferences or user profile.
AdsWizz, a leading technology provider of advertising solutions for the digital market, has announced the launch of PodWave. It is the first ad marketplace specifically created to meet the needs of podcasters.
The new PodWave marketplace provides its premium publishers with ad creatives specifically tailored to best fit podcast content. It also creates a dedicated venue for advertisers targeting the in-demand audiences of premium podcasts while providing them with detailed metrics.
National Public Media (NPM), the sales team for NPR and PBS stations and their digital offerings, will be working with AdsWizz to drive sales to advertisers and their agencies. Under the terms of the deal, NPM will sell PodWave inventory to advertisers, capitalizing on the large and growing podcast audience.
PodWave enables advertisers to deliver targeted audio ads tailored to listeners’ locations, listening devices, demographic categories and other profile elements, including the subject matter of the podcast. In order to provide advertisers with a messaging format that is consistent with the spoken word nature of podcasts, NPM will provide proven audio creative production services to PodWave advertisers. With this partnership, AdsWizz and NPM are enabling advertisers to easily achieve broad scale across the podcast medium