OpenX reports over $170 Million in 2017 revenue; Wpromote lands investment from Shamrock Capital; and Allison Checchi named COO of Atom Tickets.
OpenX, a Pasadena-based programmatic advertising technology company, announced $172 million in 2017 revenue in a March 13 report, the Business Journal reports. According to a press release, the company has grown for 10 consecutive years and has been profitable for four straight. In addition, OpenX invested $50 million into research and development this past year.
Wpromote, an El Segundo-based digital marketing agency, announced it received an investment from Shamrock Capital, the Business Journal reports. Shamrock is a Los Angeles-based private equity firm that invests in established but growing companies in media, entertainment, and communications. The financial details of the investment were not disclosed.
Atom Tickets announced that Allison Checchi, who joined the movie-ticketing startup as chief marketing officer less than a year ago, has been promoted to chief operating officer. Checchi’s move into the COO role comes as Ameesh Paleja exited as CEO of Atom Tickets to join Lionsgate’s Starz as chief technology officer. Atom Tickets recently landed $60 million in funding, led by Fidelity and with participation of existing investors Lionsgate, Disney and 20th Century Fox.
Technology reporter Eli Horowitz can be reached at email@example.com. Follow him on Twitter @coachhorowitz13 for the latest in L.A. tech news.