Marin Pays Big to Amp Up Social Advertising
As advertiser look to increase their impact among consumers, many are turning to social media to do so. Yet, in order to know whether their ads are connecting with consumers advertisers must leverage a powerful social media tool.
For those who do not know, SocialMoov focuses in on helping advertisers maximize their engagement and return on investment (ROI) on Facebook and Twitter. To help advertisers get the most out of their social efforts, SocialMoov has a variety of features including bid management as well as post scheduling features. Also, to provide their users with a comprehensive platform they also provide dynamic and live reporting, which allows advertisers to understand how their ads are performing and adjust them on the fly.
The deal is expected to be worth $18.75 million.
“Once the transaction is complete, I believe the combination of SocialMoov and Marin Software will push our social offering to the forefront and strengthen our ability to target audiences across search, display and social channels,” said David A. Yovanno, chief executive officer at Marin Software. “The SocialMoov team brings a level of expertise in social advertising that will prove invaluable to our research and development moving forward. We are excited to add their social solution to Marin's ad cloud."