Adobe buys video ad tech firm TubeMogul for $540m

Adobe has agreed to buy TubeMogul, which makes software allowing brands and agencies to plan and buy video advertising, for US$540 million.

Adobe sees value in combining TubeMogul with its video creation and delivery software and its Marketing Cloud services.

It claimed it would be able to create "the first end-to-end independent advertising and data-management solution that spans TV and digital formats, simplifying what has been a complex and fragmented process for the world’s biggest brands".

Among the customers the two companies share are Johnson & Johnson, Kraft, L’Oréal, Nickelodeon and Southwest Airlines.

Brett Wilson, TubeMogul chief executive and co-founder, will continue to lead the TubeMogul team within Adobe.

Wilson said: "The combination of Adobe Marketing Cloud with TubeMogul’s software creates a uniquely comprehensive platform that will help marketers always know what’s working – and act on it."

| adobe , digital marketing , programmatic