After I wrote concerning the dimming outlook for jobs earlier this month, I quoted John Challenger, CEO of recruiting firm Challenger, Gray & Christmas, as saying that corporations have been intent on reducing costs, with the implication that a lot of them would have to cull staff to take action. The fact that ad tech businesses now have the proper cash circulate, profile, profitability, and business model for private equity firms to indicate interest demonstrates the sector’s maturity and market acceptance, in line with Joshua Wepman, a managing director at investment bank GCA World.
If you happen to include mar tech” companies — many of which additionally supply advert-shopping for and different companies to advertisers (like Marketo, which was taken non-public by Vista in a $1.eight billion deal in August ) — there have been 15 transactions in 2016 up to now, in response to knowledge supplied by funding financial …