Innovid Named as a Fastest Growing Company in North America on Deloitte’s 2018 Technology Fast 500™
Leading Video Advertising Platform Experiences Rapid Revenue Growth as Connected TV and Data-Driven Video Advertising Surges
NEW YORK – November 15, 2018 – Innovid, the world’s leading video advertising platform, today announced its inauguration in the 2018 Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. As the leading media-agnostic, open video platform, Innovid experienced 172.4 percent company growth during the submission period.
“With the exponential growth of Connected TV (CTV) and data-driven video, Innovid is helping marketers and publishers around the world solve scale and measurement challenges in order to deliver CTV video ads to the masses,” said Zvika Netter, CEO and co-founder of Innovid. “Innovid’s solutions work across the largest footprint of connected and streaming devices, and the rapid acceleration of consumer adoption in viewing video on CTVs – ultimately driving up advertising dollars – has really factored into our considerable revenue growth over the past few years.”
Last month, Innovid launched its OTT COMPOSER, a self-service authoring tool which removes the friction to better enable advertisers to scale dynamic creative – a critical barrier in today’s fragmented CTV marketplace. The Media Rating Council (MRC) also recently announced OTT served video ad impression tracking, with Innovid as the first and only company in the industry to receive MRC accreditation for adherence to industry standards for video advertising measurement in a CTV environment. These two developments help resolve the biggest obstacles holding back widespread CTV adoption and position Innovid on the forefront of the CTV video ad industry.
About Deloitte’s 2018 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2014 to 2017. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.