Shiny Ads raises $250K from Intertainment Media

Posted by Techvibes NewsDesk

Intertainment Media announced today that it has made an investment in self-service ad platform Shiny Ads.

The strategic investment in Toronto's Shiny Ads provides Intertainment with an opportunity to more efficiently direct premium advertisers to their portfolio of online properties including itiBiti, Ortsbo, and Ad Taffy.

The initial early stage investment of $250,000 will provide Intertainment with an ownership stake in Shiny Ads and also provides the opportunity for Intertainment to increase its investment by an equal amount within six months at today's valuation. Intertainment Media will also have a seat on the Shiny Ads board.

"Intertainment Media is very excited to close its investment in Shiny Ads. The potential for this advertising technology to successfully deploy on a global scale is, in our opinion, phenomenal. " said David Lucatch, CEO of Intertainment Media. "Intertainment Media is committed to its philosophy of investing, nurturing and developing leading edge technologies, digital and social media platforms and the Shiny Ads investment was a natural fit with that mandate."

"We are extremely happy to have an organization such as Intertainment Media share in our vision for our technology." said Roy Pereira, CEO and Founder of Shiny Ads. "We look forward to tapping into their experience and resources as we look to take Shiny Ads to the next level."

Company:
Shiny Ads
Website:
http://www.ShinyAds.com
Location:
Toronto, Ontario, Canada

Self serve advertising platform for web publishers. Allows long-tail advertisers to create banner advertisement, set up their campaign, and pay for ad buy in an automated interface. Ties into web publisher's existing ad server and handles payment automatically. more

Company:
Intertainment Media
Website:
http://www.intertainmentmedia.com
Location:
Richmond Hill, Ontario, Canada

Intertainment Media is focused on delivering leading edge technology and marketing solutions that enable our clients to power their branding, loyalty and consumer engagement initiatives. We provide business programs, technologies, and lifestyle applications that create revenue driven, socially engaging platforms. Intertainment and our multiple divisions – itiBiti Systems, Ad Taffy, Ortsbo, and Magnum Fine... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




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