Startups

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.”
 

Companies: Millennial Media

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

Our services Preferred partners The journalism fund
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

The man charged in the UnitedHealthcare CEO shooting had a ton of tech connections

EDA officials are ‘hopeful’ Tech Hubs program will live on under Trump

From rejection to innovation: How I built a tool to beat AI hiring algorithms at their own game

The US needs to train more cyber talent to keep the country secure

Technically Media