Quattro Wireless
Quattro Wireless, a global mobile advertising company, enables advertisers and publishers to reach and engage their target audiences.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor investor | €0.0 | round | |
* | $275m | Acquisition | |
| Total Funding | 000k | ||
Related Content
Quattro Wireless emerged in 2006 as a significant player in the burgeoning mobile advertising market, founded by a team that included Andy Miller, Lars Albright, and Eswar Priyadarshan. The company was established to capitalize on the shift of digital content consumption to mobile devices, providing a platform for advertisers and publishers to connect with audiences on mobile websites, applications, and video platforms. The founding team brought a blend of relevant experiences to the venture; for instance, Lars Albright had previously worked at m-Qube, a mobile messaging and payments company acquired by Verisign, which gave him early insights into the mobile ecosystem.
The firm's core business was centered on mobile advertising, offering a suite of services that enabled brands to engage with consumers through their handheld devices. Its business model revolved around providing an ad serving, tracking, and analytics platform, connecting major advertisers like Ford, Netflix, and Visa with a network of mobile publishers, including Time Inc. and the NFL. Quattro Wireless generated revenue by facilitating these advertising transactions, taking a share of the ad spend that flowed through its network. The company distinguished itself with its Q Elevation technology, a dynamic targeting system designed to optimize ad placements and improve the return on investment for advertisers by delivering more relevant ads to consumers.
Quattro Wireless achieved a major milestone and its ultimate exit when it was acquired by Apple in a deal reported to be valued at $275 million, which closed in January 2010. This acquisition was a strategic move by Apple to bolster its own mobile advertising capabilities, and it led to the development of Apple's iAd platform, which was launched later that year. Following the acquisition, Quattro Wireless's technology and team were integrated into Apple, effectively ceasing its operations as an independent entity but forming the foundation of Apple's subsequent efforts in the mobile advertising space. Keywords: mobile advertising, ad network, ad serving, mobile marketing, ad platform, Apple acquisition, iAd, digital advertising, mobile media, ad technology