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.
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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.
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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."
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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.
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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.
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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.