SpotXchange reports 145 percent revenue growth in Q1 2014, major contracts

By: InnovatioNews Friday May 23, 2014 Tags: Denver, Mike Shehan, SpotXchange

DENVER - SpotXchange, a platform for video advertising, announced it has signed contracts with a number of the industry's most premium publishers and achieved record growth in Q1 2014.

The company said it achieved overall revenue growth of 145 percent year-over-year during the quarter.

SpotXchange said recent publisher signings include Hearst Digital, Meredith Video Studios, Zynga, The Atlantic and Billboard.

The company said it has also seen platform growth overseas, including a deal with UK news powerhouse Mail Online.

"We had a record first quarter as more premium publishers made the decision to go with the industry's trusted and most transparent solution for video advertising," said Mike Shehan, SpotXchange CEO.

"Our publishers are seeing stellar revenue growth with our platform and we hear consistently that the customer service provided by SpotXchange is unmatched in our industry.

"We're thrilled with the traction seen in the first quarter and anticipate our revenue, customers and employees will continue to grow at a fast clip throughout the rest of the year."