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Media Technology Leader to Open Four New Offices, Three New Data Centers and Hire 100+ New Employees
REDWOOD CITY, Calif., Sept. 17, 2013 /PRNewswire/ -- PubMatic, the digital media platform for publishers, today announced its roadmap for growth in Q4, fueled by 118% growth in revenue over the last year. Through the end of the year, PubMatic will hire over 100 new employees, increasing its workforce to over 450. The company also announced that it is expanding into four new offices in Q4-London, New York, Sydney, and a global headquarters in Redwood City-representing a substantial, long-term investment in a major infrastructure build out. This growth also includes a $3 million investment for three new data centers located in Amsterdam, New York City, and Silicon Valley.
The company's expansion is largely driven by PubMatic's rapidly growing customer base, which includes a host of global comScore publishers. Since Q1, the company has nearly tripled its international presence, and is now active in more than a dozen foreign markets including India, Germany, Italy, Sweden, Norway, Denmark, the United Arab Emirates, and Spain, with presence in China and Japan slated for early 2014.
"Having almost doubled our quarter-over-quarter revenue in Asia, combined with 176 percent growth in Europe during the first half of 2013, we're thrilled to be generating record expansion underscored by these new build outs," said Rajeev Goel, Co-Founder & CEO of PubMatic. "We remain committed to aggressively hiring the best talent in the ad tech industry and building out the necessary infrastructure to continue our global growth trajectory."
PubMatic's New York City office is expanding and moving to a new location in the heart of the publishing district on 42nd Street, while the new London office--designed by architects from Maris Interiors--is located in the Soho area among some of the city's key media companies. PubMatic's international headquarters in Redwood City represents a 50% growth in square footage over the company's existing space. Similarly, PubMatic's new office space in Sydney is located in the city's Central Business District, and the move will allow PubMatic to accommodate hiring during the second half of the year.
"Our physical points of presence and expanding our offices is not simply about creating a more collaborative workspace to house a growing team," said Goel, "but also a commitment to investing in PubMatic's promising future."
PubMatic's data center investment will also be bolstered by adding hosted facilities in Brazil and Japan. PubMatic's data centers process more than seven terabytes of data per day.
"Our company roadmap is just another proof point that we are successfully facilitating large scale customer adoption, and giving our publishers the tools to buy and sell premium ad inventory in a programmatic environment," said Kirk McDonald, President of PubMatic. "PubMatic is proud to lead the industry with superior technology, based on one easy-to-use platform, and our 'Human API' making us the go-to partner for premium publishers looking to better monetize their digital assets."
The London, New York City, Sydney, and Redwood City offices total approximately 40,000 square feet with leasing agents Cornish Carey Newmark Knight Frank (CCNKF), CBRE, and Devono.
PubMatic is the technology platform that powers the programmatic advertising strategy of leading publishers and premium brands. Our innovative solutions help content providers drive the highest value for their digital media assets and provide consumers with a more personalized advertising experience across display, mobile, and video. PubMatic's One Platform, proprietary technology and advanced mobile capabilities are utilized by a global roster of comScore publishers, including: NBC, Rodale, IDG, and WebMD. Pioneering online auctions for the buying and selling of media through Real-Time Bidding (RTB) and Private Marketplace (PMP), the company also works with over 400 advertising partners. Ranked by Deloitte as the third fastest growing company in the US Internet sector, PubMatic has offices worldwide with headquarters in Redwood City, California. www.pubmatic.com
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