Digital Marketing Company Names

Brightcom acquires MediaMint, a digital marketing operations company

The Siasat Daily: Latest Hyderabad News, Telangana, Entertainment, India
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Hyderabad: Brightcom Group Ltd, one of the leading companies in the Ad-Tech industry, has announced the signing of a definitive stake purchase agreement to acquire 100% of Vuchi Media Private Limited, operating under the brand name MediaMint.

MediaMint is a comprehensive digital consulting firm and digital operations provider specializing in advertising operations, campaign management, creative services, data analytics, platform support, and development operations.
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Brightcom Group has acquired 100% of MediaMint for approximately Rs 566 crore in cash and stock. 360 crore must be paid in cash at closing; Rs 170 crore in BCG stock and; rupee. 36 crores payable in six months from closing.

MediaMint’s revenue for the year-end March 22nd is expected to be Rs 187 crore.

According to a press note following the acquisition, MediaMint will continue its strong track in serving its growing list of market-leading companies and clients. MediaMint’s leadership team, including Neelima Marupuru, Anush Kumar, Jason Riback and Aashay Paradkar, will continue to guide business growth. Aditya Vuchi, co-founder, will stay on for six months to ensure a smooth transition.

Tempus Legal is acting as legal advisor and EY as the exclusive financial advisor to Brightcom Group on this transaction. Sathguru Management Consultants acted as the sole transaction advisor to MediaMint.

Justifications for the acquisition

As the worldwide advertising and technology sector is experiencing exponential growth due to the accelerated shift to online marketing, driven by the pandemic. Brightcom’s management is proactively expanding its back-end capabilities to increase its ability to seize new opportunities and implement the strategic needs of its clients globally.

The addition of MediaMint’s digital marketing operations experience will further enhance the Brightcom Group’s backend in support of the expected sharp growth of business across the various sub-sectors of digital advertising and media.

MediaMint employs more than 1,300 employees, and serves clients such as Pinterest, The New York Times, Netflix, Cox Automotive, and Expedia, to name a few.

MediaMint is known for its data- and metrics-driven approach, enabling it to provide the flexibility, scalability, and efficiency needed to meet and exceed the performance demands of business leaders. MediaMint’s focus on continuous improvement helps achieve EPIC results.

Founded in 2010, MediaMint is an operating company that has never raised any outside capital. It supports display, video and mobile advertising services for advertising agencies, publishers and platforms. The company works closely with creative agencies, publishers, media buying companies, and analytics platforms to deliver results for top brands. MediaMint has offices in India, Poland and the United States.

Brightcom Group (formerly Lycos Internet Limited – incorporated in January 1999) is an advertising technology and software development company, actively engaged in providing technical and economic solutions to the digital advertising, marketing and information management sectors through technology, new media, and Internet of Things-based businesses across the globe. world, particularly in the digital ecosystem.

Brightcom’s customer list includes some of the biggest names, such as Airtel, British Airways, Coca-Cola, Hyundai Motors, ICICI Bank, ITC, ING, Lenovo, LIC, Maruti Suzuki, MTV, P&G, Qatar Airways, Samsung, Viacom, Sony, Star India, Vodafone, Titan and Unilever.

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