A funding of two million dollars is received by Adello. The mobile advertising company will use the amount to drive its expansion abroad. As founder and CEO Mark Forster explained to Werbewoche.ch, the financial injection will enable the company to compete even better against the strong competition from Asia and the USA. These big players sometimes have budgets in the four-digit millions and correspondingly longer spits at their disposal. As for finances. "I dare to say that, technologically, Adello has very long spurs," says Forster. This explains why the company has been able to hold its own so well abroad. Adello already has subsidiaries in Europe, Asia and North America. The headquarters have been relocated to Silicon Valley, and international customers include companies such as L'Oréal, Sony, BMW and Warner Bros.
"This step today enables us to grow even faster. And keep up a little better," Forster is convinced. Adello's self-developed and self-learning technology makes decisions at an unprecedented speed: around 50,000 variables are recalculated 10,000 times per second. This enables unparalleled quality and precision in audience targeting and permanently optimizes campaigns, which in turn leads to deeper insights and a beneficial ROI for advertisers.
Forster sees great growth potential in mobile advertising. "It's reflected in the fact that people spend three and a half hours a day on mobile devices - already more than on TV or the PC." To be able to tap this potential worldwide, he says, strong partners like Swisscom are needed. "Since our founding in 2008, we have successfully built our company without external financing. Now, however, we are ready to scale globally and Swisscom is an ideal partner for us to do so."
Forster sees the collaboration with the telecommunications group as the result of a long-standing relationship. "Swisscom, as well as various other telecommunications companies, have been our customers for quite some time. Since they understand mobile profoundly, it was only logical that they became customers of ours early on. This long relationship has now led to an investment." Consequently, Forster sees the commitment as a "vote of confidence rather than an obligation." Adello will remain independent and continue to serve all existing customers, he said.
Torsten Brodt, Head of Mobile Business at Swisscom, is also convinced of the success of the investment. "We used Adello to promote our own products and were thrilled with the performance. In direct comparison with other providers, Adello generates better conversion to leads for us," Brodt said in a statement. And Dominique Mégret, Head of Swisscom Ventures, also has nothing but praise for the Swiss mobile advertising specialist: "We are impressed by Adello's tremendous growth, driven by its unique Big Data technology, advanced Data Science and scalable infrastructure. It's clear that Adello is charting the future of mobile media with this unique technology and innovative mobile advertising products." Swisscom Ventures is the venture capital arm of Swisscom and seeks minority investments in companies located in the promising markets of information, communication and entertainment technologies.
Thomas Häusermann