MiQ Acquires Pathlabs to Enhance Programmatic Media Services for Independent Agencies | Martech Edge | Best News on Marketing and Technology
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MiQ Acquires Pathlabs to Enhance Programmatic Media Services for Independent Agencies

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MiQ Acquires Pathlabs to Enhance Programmatic Media Services for Independent Agencies

MiQ Acquires Pathlabs to Enhance Programmatic Media Services for Independent Agencies

Business Wire

Published on : Jul 30, 2024

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.