Facebook likes LiveRail

Facebook to buy LiveRail

The acquisition of the programmatic ad platform signals the social media giant wants to expand its video business.
July 3, 2014

Facebook announced on Wednesday that it has agreed to acquire LiveRail, a company that delivers online video ads to clients such as Major League Baseball (MLB.com), ABC Family, A&E Networks, Gannett and Dailymotion.

In March, Facebook unveiled its Premium Video Ads feature that embeds 15-second clips in users’ news feeds. The acquisition of LiveRail signals the social media network wants to expand its video business.

Founded in 2007 by Mark Trefgarne (CEO) and Andrei Dunca (CTO), LiveRail provides companies with a centralized programmatic platform as well as analytics to help them decide where to show the ads on their websites and apps. It claims that it delivers a total of 7 billion impressions for its clients each month.

Techcrunch is reporting that Facebook paid between $400 million and $500 million for the company, though the amount has not been confirmed by either party.

LiveRail is headquartered in San Francisco, Calif., and has offices in New York City and Cluj-Napoca, Romania. It is backed by early-stage venture capital technology fund Pool Ventures, based in San Jose, Calif.

About The Author
Todd is StreamDaily's U.S. West Coast Correspondent. He has written for a wide range of publications, including The Hollywood Reporter, Variety, the Los Angeles Times, the New York Post, NylonGuys and, yes, even the Weekly World News. Earlier in his career, he served as senior editor for the pioneering alternative movie magazine Film Threat. You can reach him at toddrlongwell[at]gmail.com or on twitter @toddlongwell1

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