Millennial Media to acquire Metaresolver, reports 2012 Q4 profit of $2.6M against $6.2M 2012 losses - Technical.ly Baltimore

Business

Feb. 21, 2013 9:00 am

Millennial Media to acquire Metaresolver, reports 2012 Q4 profit of $2.6M against $6.2M 2012 losses

The global mobile advertising company Millennial Media will acquire San Francisco-based Metaresolver in an all-cash deal. Metaresolver is “a privately held mobile media buying and targeting platform,” according to CityBizList. Millennial Media also posted a Q4 profit of $2.6 million, reports the Baltimore Sun. On the year, however, the Canton-based company that went public in March 2012 […]

The global mobile advertising company Millennial Media will acquire San Francisco-based Metaresolver in an all-cash deal. Metaresolver is “a privately held mobile media buying and targeting platform,” according to CityBizList.

Millennial Media also posted a Q4 profit of $2.6 million, reports the Baltimore Sun.

On the year, however, the Canton-based company that went public in March 2012 lost $6.2 million. Millennial had posted losses in the second and third quarters of 2012 immediately following its $1.8 billion IPO.

Undoubtedly, Millennial Media is one of the success stories to come out of Baltimore city’s tech community. Problems with limited parking along the Boston Street corridor in Canton, however, could push Millennial Media to relocate its offices outside the city.

According to the Sun, Millennial Media “expects revenue for the first quarter of this year to range from $48 million to $50 million, and $270 million to $280 million for the full year.”

Advertisement

 

Companies: Millennial Media
-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Paragon picks up more Md. manufacturing space in $18M deal with Novavax

Alliance Data Systems acquires ‘select’ tech assets of Baltimore-based Blispay

Maryland’s ID Agent acquired by Kaseya

SPONSORED

Baltimore

How law firm Nemphos Braue is guiding startups along the new business learning curve

Baltimore, MD 21201

14 West

Junior Database Administrator

Apply Now
Baltimore, MD

SmartLogic

Account Executive (Baltimore)

Apply Now
Baltimore

SchoolDuels

Vice President of Business Development

Apply Now

Hanover-based KeyW to be acquired by Jacobs Engineering Group in $815M deal

The acquisition deal for Columbia-based Osiris Therapeutics is now complete

Baltimore’s Paragon Bioservices to be acquired by drug manufacturer Catalent for $1.2B

SPONSORED

Baltimore

Building a data acquisition system? Don’t make this mistake

Baltimore

emocha Mobile Health

Software Engineer

Apply Now
Baltimore

RackTop Systems

API Guru

Apply Now
Baltimore

Osmosis

Front End Developer

Apply Now

Sign-up for daily news updates from Technical.ly Baltimore

Do NOT follow this link or you will be banned from the site!