PerformanceININside Performance Marketing
JOIN THE PERFORMANCEIN Join the PerformanceIN Partner Network
Criteo Inks Deal for Performance Marketing Group HookLogic

Criteo Inks Deal for Performance Marketing Group HookLogic


Retargeting group Criteo has signed off an agreement to acquire performance marketing company HookLogic, looked to be made with an eye for its advertising exchange technology. 

Terms of the deal have not been disclosed*, but the acquisition is expected to close in Criteo’s fourth fiscal quarter. 

[*Criteo has since revealed it's paying $250 million for HookLogic.]

Gaining $15 million in Series C funding last year, New York’s HookLogic has carved out a specialism in integrating native search advertising into leading e-commerce sites, targeting shoppers in retail and travel verticals. 

Sites that have benefits from HookLogic’s technology include Walmart, Target, Best Buy, Macy’s, Costco, Argos, Expedia and Priceline. 

“With HookLogic’s acquisition, Criteo is adding a complementary performance marketing solution to its portfolio, focusing on delivering more value to brand manufacturers and retailers alike,” commented Criteo’s CEO, Eric Eichmann.

According to its announcement, Criteo plans to integrate predictive bidding and product recommendation technology into HookLogic’s ad exchange, with a result in increased campaign performance and better ability for brands to monetise the traffic driven. 

‘Innovation & technology’

August this year saw the acquiring firm’s financials in great shape, hitting quarterly revenue of $407 million, while onboarding 900 new clients within the second quarter alone. 

Aside from a core focus on mobile advertising, which amounted to 50% of Criteo’s total revenue at the turn of the year, native featured high on Criteo’s list of priorities when PerformanceIN spoke to Eichmann in Q2

This latest acquisition demonstrates that Criteo is sticking to its CEO’s vision of accountable advertising through “commitment to innovation and technology”.

Continue the conversation

Have something to say about this article? Comment above, share it with the author @markjpi or directly on Facebook, Twitter or our LinkedIn Group.

Mark  Jones

Mark Jones

Mark manages all aspects of editorial on PerformanceIN as the company's Head of Content, including reporting on the fast-paced world of digital marketing and curating the site’s network of expert industry contributions.

Going by the ethos that there is no 'jack-of-all-trades' in performance marketing, only experts within their field, Mark’s day-to-day aim is to provide an engaging platform for members to learn and question one another, helping to push the industry forward as a result.

Originally from Plymouth, Mark studied in Reading and London, eventually earning his Master's in Digital Journalism- before making his return to the West Country to join the PI team in Bristol.

Read more from Mark

You may also like…