Blinkx Share Discussion Threads

[yom kippur] 19/12/2014 07:22

I feel you may have to post a lot today, Jonc. Good luck.

[jonc] 19/12/2014 07:20

No it means they are bereft of ideas to turn the company round.

[j777j] 19/12/2014 07:20

The have a very coherent strategy, what planet are you on?


Market went through massive fundamental shift.Blinkx has now seen a turnaround and is using it's cash pile to buy into other assets that have also become much cheaper as a result of the fallout.

Paying just over 1x revenues for a co growing at 102% a year is a coup.

If it repeats it's growth trajectory it will add $40 million to Blinkx'srevenues in 2015

[yom kippur] 19/12/2014 07:18

Does this mean the blinkx management are confident going forward if they're prepared to spend their cash pile?

[jonc] 19/12/2014 07:18

There goes the cash pile.

[begorrah88] 19/12/2014 07:18

You've got to wonder how few options of a business model were on the BoD's list if the obvious solution to them is 'hey, why don't we spend some of our cash buying yet another company no-one has heard of and trying to bolt it on to our crumblig process'

Worse than that is that the rest of the board went 'yes, why not'

How long before we find out that somebody at Adkarma is now being appointed to the blnx board etc etc

Flapping around in a panic springs to mind.

[yom kippur] 19/12/2014 07:17

Well done, blinkx!

[yom kippur] 19/12/2014 07:17

Well done, blinkx!

[begorrah88] 19/12/2014 07:15

What about the turn around you were raving about when it was 40p J777J?

You wouldn't have it that it wasn't about to surge back then and then you went msiing!

Back to multi-spam the threads again with your nonsense?

[j777j] 19/12/2014 07:11

The beauty of having plenty of cash.


The turnaround has begun.

One to watch on 2015, recovery play.

[j777j] 19/12/2014 07:10

The turnaround has begun,a stock to watch in 2015.

[geheimnis2] 19/12/2014 07:10

Back on the attack! Love it!

[j777j] 19/12/2014 07:07

The Blinkx is back!

The beauty of having plenty of cash.

[j777j] 19/12/2014 07:06

The Blinkx is back!

The beauty of having plenty of cash.

Acquisition


RNS Number : 2535A

Blinkx Plc

19 December 2014








BLINKX PLC ACQUIRES ADKARMA, LLC

Leading Video Supply Side Platform Enables blinkx to Further

Expand its Footprint within the Programmatic Advertising Ecosystem



London, England and San Francisco, CA - 19 December 2014 - blinkx plc ("blinkx" or the "Company"), the Internet Media platform that connects audiences with brands through professionally generated content, today announces that it has entered into an agreement (the "Acquisition Agreement") to acquire AdKarma, LLC ("AdKarma" or the "Acquisition"), a leading video supply side platform ("SSP") for an initial consideration of $15m in cash plus an additional $5m in cash or stock at the Company's option, payable on the first anniversary of the transaction (the "Acquisition Consideration"). The initial consideration for the Acquisition will be funded entirely from the Company's existing cash reserves.



Highlights



The Acquisition is expected to significantly bolster and accelerate the Company's position within the programmatic or automated trading segment of the digital video advertising market. AdKarma brings to blinkx extensive supply and demand side relationships, along with access to key programmatic video technology. The addition of transparent desktop and mobile video inventory at scale will enable the company to further expand its premium video advertising footprint through its direct and programmatic demand side relationships. blinkx expects AdKarma to be earnings accretive in the first full year post acquisition.



AdKarma has consistently demonstrated a strong financial and operational profile. The latest available audited statements indicate:



· Gross revenue of $13.3m in calendar year 2013, an increase of 102% over calendar year 2012;

· Gross profit of $2.4m in calendar year 2013, an increase of 118% over calendar year 2012;

· Income from Operations of $0.6m in calendar year 2013;

· Gross assets of $5.3m as at 31 December 2013; and

· Estimated calendar year 2014 revenue of at least $20m (unaudited) and Income from Operations of at least $3m (unaudited), based on blinkx accounting policies



In addition to its financial contributions to the Company, the Acquisition is expected to:

· Accelerate the growth of the Company's online video advertising business, both desktop and mobile - the fastest growing segments within online advertising;

· Enable blinkx to satisfy growing brand advertiser demand for premium, cross-platform online and mobile video advertising campaigns and inventory at scale;

· Provide access to proprietary technology and established programmatic supply and demand side relationships to extend blinkx's desktop and mobile video footprint; and

· Add a talented team, with extensive expertise, experience and relationships in cross-platform video advertising and programmatic trading



Commenting on the Acquisition, S. Brian Mukherjee, CEO of blinkx, said, "blinkx's stated growth strategy is focused on three key areas - video, mobile and programmatic, which we feel represent the future of digital brand advertising. We believe AdKarma delivers in all three areas for the Company. We are particularly encouraged by AdKarma's high-growth mobile business, which complements our own initiatives in this channel. We expect the Acquisition to expand our supply footprint with quality, transparent inventory and accelerate our growth in the fast expanding programmatic video advertising space. We are thrilled to welcome such a capable and successful team to the blinkx family. The deal further underscores our vision to become the leading, cross-screen, premium video technology platform, connecting consumers and brands through premium content worldwide."

[begorrah88] 19/12/2014 07:06

Dear oh dear oh dear!

Act of a desperate board spending 15 million on some other piece pf junk to bolster the sinking ship.

Blnx have failed with each 'integration' they have tried and caused themselves more harm than good with each of their aquisitions.

Just when they should be conserving the cash pile while they try and formulate a business model.

[shroder] 19/12/2014 07:05

19 December 2014

BLINKX PLC ACQUIRES ADKARMA, LLC

Leading Video Supply Side Platform Enables blinkx to Further

Expand its Footprint within the Programmatic Advertising Ecosystem

London, England and San Francisco, CA - 19 December 2014 - blinkx plc ("blinkx" or the "Company"), the Internet Media platform that connects audiences with brands through professionally generated content, today announces that it has entered into an agreement (the "Acquisition Agreement") to acquire AdKarma, LLC ("AdKarma" or the "Acquisition"), a leading video supply side platform ("SSP") for an initial consideration of $15m in cash plus an additional $5m in cash or stock at the Company's option, payable on the first anniversary of the transaction (the "Acquisition Consideration"). The initial consideration for the Acquisition will be funded entirely from the Company's existing cash reserves.

Highlights

The Acquisition is expected to significantly bolster and accelerate the Company's position within the programmatic or automated trading segment of the digital video advertising market. AdKarma brings to blinkx extensive supply and demand side relationships, along with access to key programmatic video technology. The addition of transparent desktop and mobile video inventory at scale will enable the company to further expand its premium video advertising footprint through its direct and programmatic demand side relationships. blinkx expects AdKarma to be earnings accretive in the first full year post acquisition.

AdKarma has consistently demonstrated a strong financial and operational profile. The latest available audited statements indicate:

-- Gross revenue of $13.3m in calendar year 2013, an increase of 102% over calendar year 2012;
-- Gross profit of $2.4m in calendar year 2013, an increase of 118% over calendar year 2012;
-- Income from Operations of $0.6m in calendar year 2013;
-- Gross assets of $5.3m as at 31 December 2013; and
-- Estimated calendar year 2014 revenue of at least $20m (unaudited) and Income from Operations of at least $3m (unaudited), based on blinkx accounting policies

In addition to its financial contributions to the Company, the Acquisition is expected to:

-- Accelerate the growth of the Company's online video advertising business, both desktop and mobile - the fastest growing segments within online advertising;

-- Enable blinkx to satisfy growing brand advertiser demand for premium, cross-platform online and mobile video advertising campaigns and inventory at scale;

-- Provide access to proprietary technology and established programmatic supply and demand side relationships to extend blinkx's desktop and mobile video footprint; and
-- Add a talented team, with extensive expertise, experience and relationships in cross-platform video advertising and programmatic trading

Commenting on the Acquisition, S. Brian Mukherjee, CEO of blinkx, said, "blinkx's stated growth strategy is focused on three key areas - video, mobile and programmatic, which we feel represent the future of digital brand advertising. We believe AdKarma delivers in all three areas for the Company. We are particularly encouraged by AdKarma's high-growth mobile business, which complements our own initiatives in this channel. We expect the Acquisition to expand our supply footprint with quality, transparent inventory and accelerate our growth in the fast expanding programmatic video advertising space. We are thrilled to welcome such a capable and successful team to the blinkx family. The deal further underscores our vision to become the leading, cross-screen, premium video technology platform, connecting consumers and brands through premium content worldwide."

For further information please contact: