Rubicon Project

Rubicon Project Inc.
	Rubicon Project 2013 team photo
Type	Public
Traded as	NYSE: RUBI; Russell Microcap Index component
Industry	Internet; Computer software; Advertising
Founded	Los Angeles, California; (May 1, 2007)
Founders	Craig Roah, Duc Chau, Frank Addante, Julie Mattern
Headquarters	Playa Vista, California, U.S.
Area served	Worldwide
Key people	Frank Addante, Chairman; Michael Barrett, CEO
Website	www.rubiconproject.com

Rubicon Project is an American online advertising technology firm based in Los Angeles, California.

History

The company was founded in 2007 by Frank Addante, Craig Roah, Duc Chau and Julie Mattern, who had previously worked together at L90, an online advertising network.

By April 2009, the company had raised $33 million in venture funding led by Clearstone Venture Partners, IDG Ventures Asia and Mayfield Fund. The company also secured $8 million in venture debt from Silicon Valley Bank.[1]

In February 2017, the company released its president and several other top executives.[2]

On March 14, 2017, CEO and founder Frank Addante stepped down from his position to take the role of chairman. The company announced Michael Barrett, previously the chief executive of mobile advertising marketplace Millennial Media and chief revenue officer at Yahoo!, would be the new chief executive.[3]

In December 2019, Rubicon Project and Telaria announced a merger.[4]

Early acquisitions

In September 2009, the company acquired OthersOnline, an audience profiling technology company based in Seattle.

In May 2010, the company bought Site Scout, a malware detection company also based in Seattle.[5]

In October 2010, the company acquired Fox Audience Network from News Corp. in return for a minority stake in the company. It also received $18 million in additional funding led by Peacock Equity, the venture division of NBC Universal.

In May 2012, the company acquired Mobsmith, a mobile technology company.

In August 2012, the company became the top-ranked online advertising company in terms of reach, with a 96.2% audience share, according to rankings provided by ComScore. This placed Rubicon ahead of Google for the first time, and also ahead of other competitors such as AOL and AT&T.[6]

In July 2013, the company expanded its executive ranks with the addition of 10 senior people.[7]

Initial public offering

In February 2014, the company filed for an IPO[8] and went public in April 2014 opening at over $20 per share. The stock fell back to about $16 per share later in the month.[9]

In March 2014, the company was named number two on the top Ad Exchange Entities by comScore.[10]

Merger with Telaria

On March 30, shareholders of Telaria and Rubicon project approved a merger of the two ad-tech companies, finalizing a deal that was first announced last December. While the two businesses will fall under Rubicon Project and operate as two separate brands for now, the company plans to launch with a new name in the coming months. In addition, Rubicon will merge the two platforms into a single, unified sell-side platform, making the world's largest independent omnichannel sell-side solution.[11]

References

McMahan, Ty (April 13, 2009). "Rubicon Project To Go Shopping With $13M". Dow Jones VentureWire. Retrieved November 29, 2010.
"Rubicon Project's President Is Among Several Executives Leaving the Company". AdWeek.com. Retrieved April 30, 2017.
"Rubicon Project CEO Steps Down Following Rough Year". labusinessjournal.com. March 14, 2017. Retrieved March 14, 2017.
"Rubicon Project and Telaria merge to capture growth in Connected TV". PPC Land. 2019-12-19. Retrieved 2019-12-23.
Kaplan, David (May 25, 2010). "Rubicon Project Buys Malware Monitor SiteScout". paidContent.org. Retrieved November 29, 2010.
Thomas, Owen (August 9, 2012). "Rubicon Project Crushes Google On A Key Ad Metric". Business Insider. Retrieved September 29, 2012.
"The Rubicon Project Expands and Deepens Its Senior Management Team". July 31, 2013.
"Rubicon Project Files For $100 Million IPO — Here's A Basic Guide To Its Finances".
Schiavo, Amanda (April 28, 2014). "Why The Rubicon Project (RUBI) Stock Is Plummeting Today".
"comScore Media Metrix Ranks Top 50 U.S. Desktop Web Properties". April 2014.
Sparks, Daniel (2020-04-01). "Rubicon Project and Telaria Combine, Forming the Largest Independent Sell-Side Ad Tech Company". The Motley Fool. Retrieved 2020-05-13.

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[1] McMahan, Ty (April 13, 2009). "Rubicon Project To Go Shopping With $13M". Dow Jones VentureWire. Retrieved November 29, 2010.

[2] "Rubicon Project's President Is Among Several Executives Leaving the Company". AdWeek.com. Retrieved April 30, 2017.

[3] "Rubicon Project CEO Steps Down Following Rough Year". labusinessjournal.com. March 14, 2017. Retrieved March 14, 2017.

[4] "Rubicon Project and Telaria merge to capture growth in Connected TV". PPC Land. 2019-12-19. Retrieved 2019-12-23.

[5] Kaplan, David (May 25, 2010). "Rubicon Project Buys Malware Monitor SiteScout". paidContent.org. Retrieved November 29, 2010.

[6] Thomas, Owen (August 9, 2012). "Rubicon Project Crushes Google On A Key Ad Metric". Business Insider. Retrieved September 29, 2012.

[7] "The Rubicon Project Expands and Deepens Its Senior Management Team". July 31, 2013.

[8] "Rubicon Project Files For $100 Million IPO — Here's A Basic Guide To Its Finances".

[9] Schiavo, Amanda (April 28, 2014). "Why The Rubicon Project (RUBI) Stock Is Plummeting Today".

[10] "comScore Media Metrix Ranks Top 50 U.S. Desktop Web Properties". April 2014.

[11] Sparks, Daniel (2020-04-01). "Rubicon Project and Telaria Combine, Forming the Largest Independent Sell-Side Ad Tech Company". The Motley Fool. Retrieved 2020-05-13.