InMarket Acquires ChannelMix to Enhance Real-Time Marketing and Measurement | Martech Edge | Best News on Marketing and Technology
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InMarket Acquires ChannelMix to Enhance Real-Time Marketing and Measurement

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InMarket Acquires ChannelMix to Enhance Real-Time Marketing and Measurement

InMarket Acquires ChannelMix to Enhance Real-Time Marketing and Measurement

PR Newswire

Published on : Aug 6, 2024

InMarket, a leader in real-time marketing and measurement, has announced the acquisition of ChannelMix, a pioneering media mix modeling and marketing revenue optimization platform. This strategic acquisition aims to enhance InMarket's data analytics and measurement capabilities, allowing brands to leverage AI-powered, real-time media planning for improved marketing effectiveness and ROI.

Strategic Benefits of the Acquisition

  • Enhanced Capabilities: Acquisition bolsters InMarket's analytics and measurement offerings.
  • AI-Powered Planning: Introduction of AI-powered, real-time media planning.
  • Optimization: Ability to instantly rebalance and optimize marketing spend across channels.

ChannelMix's Breakthrough Solutions

  • Marketing Impact Modeling™ (MIM): Privacy-first, ID-Independent solution with AI-predictive modeling.
  • Advanced Integration: Cross-channel data integration and ease of linking marketing spend to sales.
  • Real-Time Data: Access to granular data for actionable recommendations.

Impact on Clients and Industry

  • Client Benefits: Enhanced decision-making capabilities for leading brands.
  • Client Portfolio: Includes notable brands like Adidas, Maui Jim, Mercer, NBA, and Tempur-Sealy International.
  • Performance Prediction: AI models provide up to 99% accuracy in predicting media mix performance.

Industry Context and Future Outlook

  • Data-Driven Decisions: Importance of real-time decision making in marketing.
  • Economic Pressures: Need for robust and flexible data in a fractured marketing landscape.
  • Growing Adoption: Increased use of data analytics and MMM for better budget allocation and improved ROI.

Executive Insights

  • Todd Morris, CEO of InMarket: Highlights the integration's potential for empowering data-driven decisions.
  • Matt Hertig, CEO and Co-Founder of ChannelMix: Emphasizes the real-time, actionable insights provided by the MIM platform.

The acquisition of ChannelMix by InMarket marks a significant advancement in real-time marketing and measurement. By integrating ChannelMix's innovative solutions, InMarket aims to provide clients with unparalleled capabilities to optimize their marketing spend and achieve higher ROI.