Strategic acquisition will enhance Pathlab’s services to midsize agencies through MiQ's best in class partners, technology, and people
Global programmatic media partner MiQ has announced its plans to acquire Pathlabs', a Media Execution Partner (MEP) known for delivering end-to-end digital media execution services to independent agencies. This acquisition marks a significant milestone in MiQ's growth, enhancing its ability to deliver programmatic excellence across the digital advertising ecosystem.
1. Pathlabs: An Overview
- Founded in 2021, headquartered in Missoula, Montana.
- Offers end-to-end digital media execution services for independent agencies.
- Supported by a 100-person team, managing planning to reporting of performance-based, paid advertising campaigns.
2. Strategic Fit and Opportunities
- MiQ’s technology and agnostic partnerships blend with Pathlabs' market expertise.
- Enhanced programmatic capabilities for clients of all sizes across the U.S.
- Unlocks opportunities for midsize independent agencies.
3. Addressing Industry Challenges
- Importance of innovative and reliable managed services providers in a fragmented digital advertising landscape.
- MiQ's expertise and technology investments help advertisers navigate complexities and achieve their goals.
4. Leadership Insights
- Charlie Neer, co-CEO of MiQ, U.S.: Sees tremendous opportunity in the independent agency market with over $25 billion in digital ad spend.
- Erin Madorsky, co-CEO of MiQ, U.S.: Emphasizes the enhancement of client offerings, insights, and success through this acquisition.
- William Lapointe, CEO of Pathlabs: Highlights the empowerment of clients with advanced tools and talent through the partnership with MiQ.
5. Integration and Future Prospects
- Pathlabs retains its brand identity and operates as an independent business unit under MiQ.
- Follows MiQ's previous acquisitions of Grasp, Samba, and AirGrid.
- Reinforces MiQ’s commitment to enhancing the programmatic experience.
The acquisition of Pathlabs by MiQ signifies a strategic move to enhance programmatic media services for independent agencies. By combining Pathlabs' deep market expertise with MiQ's cutting-edge technology and global partnerships, this partnership aims to deliver unmatched programmatic capabilities, driving success and extraordinary results for clients.