Abstract:
In this paper we will summarize Adconian Media's recent business deal. Index Ventures announced in February 2008 that they would invest 80 million dollars in Adconian along with the other previously existing investor Wellington Partners. Acdonian is basically an online advertisement provider based in London. It has several offices beyond the United Kingdom. This deal will help Adconian to increase its global value.
Adconian Media Group's current business deal was disclosed in February 2008. Index Ventures a premier venture capital company in Europe is going to invest 80 million US dollars in Adconian. The other previously existing investor is the Wellington Partners. The co-founder of Index Ventures, Mr Giuseppe Zocco, will enter into Adconion Media Group's board of directories.
It is the first investment by Index Ventures in which, money will come from the company's growth fund. Adconian Media will use the capital to expand its business in Asia, Europe and America. However, this investment is going to be marked as the biggest online media venture in the history of Europe.
Index Ventures specializes in the area of technology venture investment. It has been a leading venture capital organization in Europe for a long time. Index Ventures has several branches in New Jersey, London and Geneva.
Adconian Media Group, previously known as EuroClick, was established. The new name, Adconian, had been adopted in 2007. It is one of the fastest growing online advertising networks in the world. Adconian's headquarter is situated in London. It provides online advertisements, which minimizes the advertising costs of the advertisers.
Wellington Partners is one of the most respected venture capital companies in Europe. It has several offices in Zürich, Munich and London.
This deal will consolidate Adconian's position as an independent online advertising network. Index Ventures' experience as an investor will help Adconian to secure their global presence quickly.