Business News
Mediabrands Announces Strategic Partnership With Navic
2008-07-28 08:00:00
Mediabrands Announces Strategic Partnership With Navic
-Initiative, Universal McCann, MAGNA and IPG's Emerging Media Lab to
Deliver Clients Real-Time Optimization of TV Ads-
-Navic's Advanced Technology Combines Power of Television With Accuracy of
Web-
NEW YORK and WALTHAM, Mass., July 28 /EMWNews/ --
Initiative, Universal McCann, MAGNA and IPG's Emerging Media Lab -- four
companies among the newly formalized Mediabrands group -- today announced
that they have entered into a strategic partnership with Navic Networks,
the Microsoft Corp.-owned solutions provider with innovative technology
offerings that are transforming the world of television advertising.
Under the terms of the agreement, the media agencies and their
respective clients will have access to a variety of Navic's closed-loop
solutions and product offerings, including its national media service,
Admira, to help clients optimize their advertising campaigns more
effectively than ever before.
"We are seeking new technologies to deliver unparalleled accountability
to clients, and aligning with Navic was a natural fit," said Nick Brien,
CEO of Mediabrands. "By combining the power of television with the
accountability of the Web, we're able to offer our world-class clients
cutting-edge technology to help them maximize the ROI for their advertising
dollars."
"Navic is fully committed to offering innovative technologies that
provide one of the most effective and accurate metrics available," said
Chet Kanojia, CEO of Navic Networks. "The industry has come a long way from
defining keywords for targeted clicks, and we're excited to align with
forward-thinking companies that make bold moves and, like Navic, are on the
cusp of new trends and technologies."
Using Admira's suite of advanced planning tools, audience behavior data
and real-time viewership reporting, the agencies and their clients will be
able to define their spot placement criteria and locate available spots
during programming that matches the criteria most optimally, providing
exceptionally high target reach efficiency within the advertiser's budget.
Initiative, Universal McCann, MAGNA and the Emerging Media Lab have
agreed to pledge significant financial and human resources to inventory
presently accessed through Navic's Admira platform, as well as for future
deployments.
About Navic Networks
Navic Networks, a wholly owned subsidiary of Microsoft, is a leading
advanced advertising and interactive television technology provider to the
cable and direct broadcast satellite television industry. Navic provides
sophisticated tools that use real-time audience measurement data to
optimize the delivery and placement of targeted interactive media. More
information is available at http://www.navic.tv.
About Microsoft
Founded in 1975, Microsoft (Nasdaq: MSFT) is the worldwide leader in
software, services and solutions that help people and businesses realize
their full potential.
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