Acquisition Combines Viamediaās Extensive Infrastructure with LocalFactorās Data-Driven Targeting and Programmatic Expertise to Deliver More Scalable, Privacy-Compliant Ad Solutions for Brands and Agencies
Viamedia, the countryās largest independent digital and linear advertising rep firm, announced the acquisition of LocalFactor, a Westport, Connecticut-based, tech-enabled digital advertising company specializing in omnichannel programmatic advertising solutions for large regional and national brands and agencies.
LocalFactor founder and CEOĀ Evan RutchikĀ has been named president & chief strategy officer of Viamedia, reporting to Viamedia CEO David Solomon. In this role, Rutchik will drive Viamediaās strategic vision while continuing to oversee LocalFactorās operations. He will also join Viamediaās board, ensuring a seamless integration of LocalFactorās advanced digital capabilities into Viamediaās growing portfolio.
āLocalFactorĀ and Viamedia share two essential traits: a ālocal-localā marketing philosophy that has served our respective clients well, and a people-first culture that empowers employees to innovate and do their best work for clients,ā Solomon said. āBy combining LocalFactorās expertise in omnichannel, locally optimized-data-driven digital campaigns with Viamediaās expansive linear TV and digital ad infrastructure, we are creating a powerhouse in localized advertisingāoffering brands unmatched precision and reach across all channels. Additionally, with the strength of LocalFactorās sales organization, Viamediaās video service provider partners will benefit from enhanced monetization opportunities and expanded access to top brands investing in premium video inventory.ā
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The news comes on the heels of numerous Viamedia client additions, making Viamedia the first U.S. ad sales firm to represent more than 100 video service providers, encompassing 75 DMAs.
āJoining forces withĀ ViamediaĀ marks an evolution for LocalFactor and a natural progression of our shared commitment to delivering innovative, data-driven advertising solutions to brands, agencies, and content providers,ā said Evan Rutchik, President & Chief Strategy Officer of Viamedia. āWith the addition of Viamediaās exclusive supply and expansive infrastructure, LocalFactor will provide its customers with even more unique premium video-based inventory and customer support, significantly increasing our scale and impact. Together, we are creating an omnichannel ecosystem that optimizes brand reach while driving measurable results.ā
Founded in 2021, LocalFactorās Performance Engine offers advertisers unparalleled access to every digital channel, with the option to leverage proprietary audience and creative technology to optimize campaigns. At the core of the Performance Engine, is the Geo-Graphā¢, which maps data to geographic micro-localitiesāunlike traditional device graphs that rely on cookies or device matchingāenabling scalable, privacy-compliant audience development and consistent targeting across all channels, devices, and media tactics. The Geo-Graph⢠seamlessly integrates with LocalFactorās Attention+ Studio, a creative technology that enhances and repurposes brandsā existing video assets for cross-channel activation and advanced ad delivery.
Among other benefits, this acquisition will strengthen both organizations with:
Expanded Sales and Monetization Capabilities
- The LocalFactor sales organization enhances Viamediaās core business, bringing new brands and stronger monetization opportunities to Viamediaās video service provider partners
- ViamediaĀ brings over two decades of video advertising experience, exclusive access to local households thru video provider partnerships and built out customer success infrastructure & local inventory & audience knowledge and expertise
- 75% of LocalFactorās revenue is video based, aligning with Viamediaās core strengths while bringing technological innovation to the monetization of supply
Advanced Digital Ad Operations
- Strengthened by a highly skilled team with direct access to top digital ad buying and supply platforms and creative technology
Expanded Technology Stack
- Integration of LocalFactorāsĀ Geo-Graphā¢Ā andĀ Attention+ StudioĀ technology for precise, privacy-compliant audience targeting across micro-localities
National Brand Relationships and Seamless Buying Models
- Adds direct ties with leading agencies and brands, including withinĀ GroupM, IPG, and Publicis, further expanding Viamediaās reach into high-value advertising markets
- LocalFactorās custom data solutions can be delivered programmatically, ensuring seamless execution within clientsā existing buying modelsāwhether through managed services or self-service
The addition of the LocalFactor team and technology gives Viamedia enhanced digital operations capabilities, a robust national sales arm and proprietary ad-targeting and campaign-reporting technology. The combination creates an integrated advertising ecosystem that leverages LocalFactorās ability to execute localized, data-driven digital strategies with Viamediaās expansive linear TV and digital advertising infrastructure. The LocalFactor brand will be retained in the marketplace, as a division of Viamedia.
SOURCE:Ā GlobeNewswire