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CTO Chris Brandenburg to leave Millennial Media post-Metaresolver acquisition

Chris Brandenburg, CTO of global mobile advertising firm Millennial Media, is leaving the company he cofounded with CEO Paul Palmieri.

Millennial Media cofounders Chris Brandenburg, left, with Paul Palmieri.

Chris Brandenburg, CTO of global mobile advertising firm Millennial Media, is leaving the company he cofounded with CEO Paul Palmieri a little more than one year after the company’s $132.6 million initial public offering.
In February, Technically Baltimore reported that Millennial was set to acquire Metaresolver, a mobile media buying platform based in San Francisco. The acquisition is now complete, and with it will come a “streamlining” of Millennial’s leadership team, according to a report on AdOperationsOnline.
EVP Steven Root will also be leaving Canton-based Millennial Media with Brandenburg.
As for Millennial’s acquisition of Metaresolver: the move seems like another piece in the firm’s strategy to snag an even greater share of the in-app advertising market, which is predicted to increase to $7.1 billion by 2015.
Read about Millennial Media’s startup story in this 2010 Baltimore Sun article.

Companies: Millennial Media

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