Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
The combined company becomes the world’s largest provider of tag management solutions with more than 100 global enterprise clients.
August 22, 2012 – BrightTag, a technology platform provider for the digital marketing industry, has acquired SiteTagger for an undisclosed sum.
The combined company becomes the world’s largest provider of tag management solutions (TMS) with more than 100 global enterprise clients representing thousands of brands including Gap, JetBlue Airways, Sainsbury’s, British Gas, ASDA and Boots.
BrightTag’s tag management solution helps companies more effectively and efficiently unlock the value of their business data produced by consumers on their websites. Built-in privacy management tools also help brands respect individual requests not to be tracked or targeted for advertising, as well as comply with all regulatory requirements specific to cookies and privacy.
The acquisition of Cardiff-based SiteTagger forms the centerpiece of BrightTag’s expansion into the UK and Europe. BrightTag has made a significant investment in client services, sales and marketing staff, with its European operations being led by London-based marketing technology veteran James Sandoval. James becomes BrightTag’s SVP & Managing Director, EMEA, and will oversee the union of the two companies and spearhead growth efforts.
“SiteTagger and BrightTag have each developed highly respected businesses, together attracting some of world’s most valued brands. The combined strengths of our unparalleled technology, stellar customer service and unique business culture make for a very exciting future as we continue to invest and grow further in the European market. We plan to add to the team to help more brands realise the operational, site performance and privacy benefits delivered by a combined BrightTag and SiteTagger,” Sandoval said.
The merger process is underway and more companies are already in the process of putting BrightTag at the heart of their data management process.
Launched in 2009, SiteTagger has helped UK and EU-based brands manage and deploy analytics, affiliate tracking and other digital marketing services. Clients include Allianz, British Gas, Sainsbury’s, The Guardian, TimeOut, ASDA and Boots.
SiteTagger founders Stephan Briggs and Paul Newbury will shift their focus to expand their data-centric digital services agency, Yard Digital, on a full time basis. Yard Digital will become a strategic partner to BrightTag joining other leading agencies in the BrightTag ONE Partner Program.
“BrightTag has taken the technology of tag management to a new level. They think strategically about data and how their clients can better solve short-term tag management problems while creating business opportunities through more data-driven marketing and analytics programs. They’ve built an innovative platform that will enable our clients to do even more over the long term, and this platform coupled with our experience and expertise in online technologies makes for a formidable team,” said Paul Newbury, co-founder of SiteTagger.
BrightTag was named one of the fastest-growing companies in the U.S. having recently raised $15 million from venture capital investors. Recent awards include eTail’s Rising Star and Built in Chicago’s Startup of the Year.
BrightTag is building a new technical foundation for the next generation of online marketing. The company helps marketers, web analysts and IT professionals make online data instantly useful in any web or mobile application, while solving fundamental privacy, data quality and site performance challenges. Traditional methods of connecting websites to marketing and analytics services rely on individual tags and pixels that create silos of data. The BrightTag ONE™ integration platform moves beyond tags by directly connecting sites to services in real time, eliminating barriers and speeding innovation. BrightTag’s clients include many of the world’s top brands and hundreds of online marketing and analytics providers continue to integrate their technology with BrightTag ONE.
Headquartered in Chicago, USA BrightTag is funded by Baird Venture Partners, New World Ventures, TomorrowVentures, EPIC Ventures and I2A Fund. BrightTag was named by VentureWire and an independent board of review at Dow Jones as one of the 50 most innovative technology companies of 2011 and a member of the FASTech50.