Rokt Invests $300M in mParticle to Revolutionize Ecommerce and Customer Data | Martech Edge | Best News on Marketing and Technology
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Rokt Invests $300M in mParticle to Revolutionize Ecommerce and Customer Data

customer data platforms

Rokt Invests $300M in mParticle to Revolutionize Ecommerce and Customer Data

Rokt Invests $300M in mParticle to Revolutionize Ecommerce and Customer Data

PR Newswire

Published on : Jan 17, 2025

Rokt, the global leader in ecommerce optimization, has announced a $300 million investment in mParticle, a leading customer data platform (CDP). This strategic partnership aims to revolutionize ecommerce, advertising, and customer experiences by combining Rokt’s expertise in transaction moment relevancy with mParticle’s real-time CDP capabilities.

This merger enhances innovation in real-time data activation, empowering businesses to unlock the potential of their customer data and drive significant performance improvements.

  1. Investment and Vision

    • Rokt’s $300 million investment will double mParticle’s funding to accelerate product innovation and delivery.
    • The partnership aims to redefine how businesses activate customer data in real time, boosting ecommerce and advertising outcomes.

    Performance Impact: Joint clients have reported up to a 50% improvement in consumer and business outcomes when using mParticle.

  2. Leadership Insights

    • Bruce Buchanan, CEO and Co-founder, Rokt:
      "This merger brings a significant performance lift to our clients, enabling them to unlock moments that matter most."
    • Michael Katz, CEO, mParticle:
      "By combining mParticle and Rokt’s capabilities, businesses can create real-time, meaningful connections with customers while maintaining full ownership and control over their data."
  3. Enhanced Customer Data Capabilities

    • Brands will maintain complete control over first-party data, ensuring alignment with data privacy and compliance standards.
    • The merger will deliver new solutions allowing businesses to activate customer data in real time to achieve measurable business outcomes.
  4. Executive Team Expansion

    • Michael Katz will continue as CEO of mParticle.
    • Andrew Katz will become Chief Technology Officer of Rokt, leading innovation and data security.
    • Jason Lynn will remain Chief Product Officer of mParticle.
    • All three mParticle founders will join Rokt’s executive team.
  5. Rokt’s Continued Growth

    • Revenue grew over 40% year-over-year, reaching $600 million in 2024.
    • Acquisitions and Innovations:
      • Acquired AfterSell and launched ACE, a generative AI tool optimizing ad spend.
    • Key Appointments in 2024:
      • Jacqueline Purcell, Chief Financial Officer.
      • Claire Southey, Chief Product Development Officer.

The Rokt and mParticle merger marks a significant milestone in ecommerce and data-driven customer experience. By combining their expertise, the partnership aims to empower brands with real-time relevance, innovation, and data control, setting new standards for success in a rapidly evolving digital ecosystem.