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OpenX Gets $22.5M More For Online Advertising

socalTECH

Pasadena-based advertising technology firm OpenX has raised $22.5M OpenX develops online ad serving software, used by web publishers to serve up advertising on their web sites; the firm also offers up a real-time bidding exchange, OpenX Market, used by advertisers and publishers for deciding what advertising to serve up to consumers.

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Hulu: Nearly Half A Billion In Revenues in 2011

socalTECH

The revenue growth was driven by the addition of new advertisers on the video site--the firm said it had 289 advertisers in Q1 this year, up from 194 in Q1 of 2010. READ MORE>>.

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GumGum Names Schraeder COO

socalTECH

GumGum , the in-image advertising technology developer led by Ophir Tanz, has promoted Phil Schraeder, the firm''s VP of Finance, to Chief Operating Officer, to head up the firm''s internal operations, business development, and finance. images photo advertising online reald executive gumgum' READ MORE>>.

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Understand the Online Advertising Food Chain

SoCal Tech Calendar

Monday, October 24, 2011 -- Do you have an Ad Supported Business Model? Understand the Online Advertising Food Chain First. Join Barbara and Jimi Smoot of Initiative.com as we examine generating revenue through online advertising channels. How do brands advertise? What role do advertising agents play?

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ReachLocal Expands In Brazil

socalTECH

ReachLocal provides help to local and small businesses to advertise their companies online. The firm said it targeted Brazil as its first country in South America, due to the rapid growth rate in that country; the firm said online advertising spend in Brazil was $804M in 2011.

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The Trade Desk Names COO

socalTECH

Ventura- and New York-based online advertising firm The Trade Desk announced Thursday that it has named Rob Perdue as its new Chief Operating Officer. Perdue apparently helped to broker the acquisition of EyeWonder by MediaMind in 2011. Perdue apparently helped to broker the acquisition of EyeWonder by MediaMind in 2011.

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OpenX Hits Profitability, Nears $100M In Annual Revenues

socalTECH

Los Angeles-based OpenX , the developer of online advertising serving software, reported today that it has achieved its first full quarter of profitability, and is has exceeded an annual run rate of $100M. OpenX develops online ad serving software, which is used by web publishers to display web advertising. READ MORE>>.

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