SAN FRANCISCO, CA--(Marketwired - Jan 25, 2016) - Sky PLC ("Sky") (LSE: SKY), Europe's leading entertainment company, today announces that it has invested $10 million in DataXu, a leading provider of programmatic marketing analytics, data management and media activation software. The investment, one of Sky's largest to-date, is the latest example of Sky taking equity shares in innovative companies, bringing new ideas, insight and services into Sky's business.
Based in Boston, DataXu partners with advertisers and media agencies to help them engage more efficiently and effectively with consumers across all of their devices. DataXu's expertise in programmatic marketing -- the automated, data-driven planning and trading of advertising across multiple media devices and formats -- benefits Sky as both an advertiser and investor. The DataXu platform has the capability to analyze and optimize buying decisions on over 100 billion digital advertising opportunities every day around the globe.
Sky's advertising sales division, Sky Media, will also work closely with DataXu to explore a number of new opportunities, including extending the reach of Sky Media's revolutionary advertising product, Sky AdVance; leveraging DataXu's market-leading experience in helping advertisers buy addressable TV ads programmatically; and harnessing the power of data and analytics to drive superior marketing results.
Sky Media has a strong track record of innovation. In 2014, it launched Sky AdSmart, a product designed to make TV advertising effective for niche or smaller brands. Sky AdSmart serves different ads to different households watching the same program, showing the most relevant ads as guided by data of profiling experts.
This was followed in 2015 with the introduction of Sky AdVance, which allows advertisers to connect journeys across screens so that audiences see the right ad, at the right time, in the right sequence and on the right screen.
"This investment will help us develop a deeper understanding of programmatic advertising, and play our part in shaping the market as it progresses," said Jamie West, Deputy MD at Sky Media. "Combining Sky's knowledge, experience and innovation in advertising with DataXu's programmatic marketing expertise will provide exciting opportunities for both businesses, and most importantly, for Sky's advertising partners."
"This strategic investment allows DataXu to partner with a true, global leader in television and media," said Mike Baker, DataXu Co-Founder and CEO. "DataXu and Sky have strong alignment on the future of programmatic and advanced television; and this investment ensures our two companies continue to learn and grow together."