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Quattro Wireless Closes Financing Round

quattro_logo.gifAlthough the world economic situation remains pretty dismal, another mobile advertising company has secured additional venture financing.

Premium mobile ad network Quattro has just announced $10million in Series C funding, with the money to be used for international expansion and to launch new services.

The announcement follows by just two months Quattro’s international roll-out of their premium ad network. The network has added hundreds of internationally-focused mobile web and application publishers in 15 new country markets, and now serves billions of brand and direct response impressions a month on a global basis.

The number of monthly impressions has grow 30 times from January to December 2008.

In addition to financing Quattro’s international expansion, this round of financing will be used to support the full network roll-out of Quattro’s predictive mobile targeting technology. The objective of this technology is to enable advertisers to target and reach highly granular consumer demographics, thus increasing the ROI of their advertising spend.

Andrew Miller, chief executive officer of Quattro Wireless said, “This funding will expand our ability to serve brands and direct marketers worldwide at a time when they need it most, and at a time when reaching global constituencies seamlessly and uniformly is a business imperative. Despite the unprecedented economic climate, Quattro continues to grow dramatically and provide its partners with reach, targeting, positive ROI, and the most sophisticated creative experience in mobile.”

Read the full Quattro release.

16.03.2009    Tags: , ,
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