The venture will help businesses improve on advertising delivery and return on investment by creating brand awareness and engagement for an estimated two billion mobile users
Global digital advertising spend will reach US$154 billion in 2015--with Asia Pacific being the second-largest region after North America--due to rapid adoption of smart devices and changing video viewership patterns
The venture boosts Adknowledge's Asia Pacific expansion plans and strengthens Axiata's mobile advertising presence in the region
SINGAPORE -- Adknowledge, Inc., a leading U.S.-based advertising technology company, has entered into a strategic alliance with Axiata Digital Advertising, a subsidiary of telecom giant Axiata Group Berhad (axiata.com), one of Asia's largest telecommunications companies. The venture, Adknowledge Asia Pacific Pte Ltd. (adknowledgeasia.com), boosts Adknowledge's expansion plans in the Asia Pacific region, and strengthens Axiata's mobile advertising presence among the region's more than two billion users.
Adknowledge will work with APAC businesses, advertising agencies and app developers to provide data-driven advertising strategies that raise brand awareness, as well as drive sales and app installs through digital video, mobile and social media marketing.
"We are excited to collaborate with Axiata Digital in bringing more digital advertising solutions to brands and consumers. With our technology, experience and expertise, we will change the ways advertisers connect with their target audiences across the rapidly growing and increasingly mobile Asia Pacific region," said Adknowledge, Inc. CEO Ben Legg. "Adknowledge has unmatched ability to reach consumers via video on YouTube, as well as through our social media and mobile platforms," Legg added.
Adknowledge's technology will enhance the APAC region's mobile advertising by bringing innovative solutions to the market that are less intrusive and more intuitive, turning advertising into a contextual service rather than a business proposition.
The immediate target markets are Singapore, Indonesia, Hong Kong, Malaysia and India with plans to create a business presence in several other Asia Pacific countries over the next 18 months.
"Adknowledge has been in business for more than a decade and worked with some of the biggest companies and advertising agencies on earth," said Axiata President and Group CEO Jamaludin Ibrahim. "With more than two billion mobile users in the Asia Pacific region, we believe this partnership will ensure that consumers see more relevant, targeted ads. That means a better experience for them, and more efficient, intelligent ad buys for brands and agencies," Ibrahim added.
This new venture comes during a boom time in digital advertising. According to eMarketer, the Asia Pacific region boasts the second-biggest share of digital ad spending worldwide, with a predicted $47 billion to be spent on digital advertising in 2015. Given the proliferation of smart devices, more consumers are spending their time online, which is driving rapid growth in digital advertising.
Axiata Group Bhd (AXIATA.MY) is one of the largest Asian telecommunications companies with controlling interests in mobile operators in Malaysia, Indonesia, Sri Lanka, Bangladesh and Cambodia and significant strategic stakes in India and Singapore. In addition, the Malaysian-grown holding company has a stake in non-mobile telecommunications operations in Pakistan.
Axiata, including its subsidiaries and associates, has more than 250 million mobile subscribers in Asia. Its vision is to be a regional champion by piecing together the best throughout the region in connectivity, technology and talent, uniting them towards a single goal: Advancing Asia.
Adknowledge is a digital advertising technology company specializing in digital video, social media, apps and mobile, content recommendation and email. With locations in North America, South America, Europe and Asia, Adknowledge works with the most ambitious and innovative advertisers to unlock their digital audiences around the world. The company delivers return on investment for clients through advanced data analysis, targeting algorithms and campaign optimization. For more about Adknowledge, visit adknowledge.com
Adknowledge Communications Manager