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Kargo Acquires Ctv Platform Videobyte As Part Of Major Video Expansion

Feb 03, 2023over 2 years ago

Acquiring Company

Kargo

Acquired Company

VideoByte

IndonesiaPublishingVideoAdvertising

Description

Kargo announced today the acquisition of VideoByte, a video advertising platform focused on a viewer-first experience across connected TV (CTV) and OTT. With VideoByte’s capabilities, Kargo adds innovative CTV advertising technology that fits seamlessly within the company’s broader omnichannel platform including video, publisher tools, exclusive formats, commerce and social. VideoByte’s results-driven video ad serving technology and distinctive experiences on CTV and OTT strengthens Kargo’s mission to deliver deeper and differentiated interactions to audiences as they move between mobile, desktop and now connected televisions. The result: a highly differentiated and robust experience that commands attention across multiple channels for Kargo’s brand partners.

Company Information

Company

Kargo

Location

Indonesia

About

Advertising for the mobile age. Kargo enhances mobile advertising to deliver better business outcomes for marketers and premium publishers.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed