QUOTIENT TECHNOLOGY INC.

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Delayed Nyse  -  04:00 2022-08-11 pm EDT
2.400 USD   -0.41%
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Audio Partnership Expands Quotient's Programmatic OOH Offerings

11/11/2021 | 12:27pm EDT
Audio Partnership Expands Quotient's Programmatic OOH Offerings New partnership with Place Exchange facilitates programmatic buying on the largest audio out-of-home network, spanning grocery and drug chains nationwide.

Quotient has announced a partnership with Place Exchangethat provides advertisers and retailers access to InStore Audio Network, the largest digital in-store audio network in the US. Clients can now reach over 100 million weekly shoppers across more than 16,000 stores nationwide through Place Exchange's leading supply-side platform (SSP) for programmatic out-of-home (OOH) and place-based media.

The partnership enables Quotient's clients to programmatically deliver their messaging to consumers at the point of purchase across major grocery chains including Ahold Delhaize, Albertsons, Safeway, Schnucks and Southeastern Grocers and major drug stores such as CVS and Rite Aid.

"We are thrilled to expand into the audio out-of-home space by being the first to offer programmatic access to the largest in-store audio publisher. Programmatic buying gives advertisers ease, flexibility and automation which is especially powerful with a digital out-of-home channel like audio, since it delivers messaging at the precise moments before purchases are made, creating immediate impact for brands."-Ari Buchalter, CEO at Place Exchange

Keep reading for more details.

Audio OOH Creates Consumer Connections Store-Wide

While 95% of shoppersvisit a grocery store or pharmacy at least once a week, brands have limited opportunities to reach them when they are actively making purchase decisions in-aisle and at the point of purchase. This integration enables marketers to more easily connect with consumers store-wide.

"This announcement marks Quotient's entry into a new channel in our expansive omnichannel offering. Audio can deliver lower-funnel, high-impact messages targeted to the right consumers as they are making buying decisions. Reaching shoppers with captivating audio while actively purchasing at grocery and drug stores is a development we are all very excited about."-Steven Boal, CEO and Founder at Quotient

Audio OOH provides unique benefits to advertisers, allowing them to educate, influence and direct an audience of active shoppers in every aisle of the store. It's also highly complementary to other omnichannel media used to reach consumers before and during visits to grocery and drug stores. Audio OOH media can be targeted with Quotient's exclusive and proprietary data and measured alongside other digital media channels using metrics like total attributable sales, average brand spend per impression and return on ad spend.

"As the largest in-store audio network in the US, we reach over 100 million shoppers each week with digital audio messaging delivered right at the point of purchase. By allowing advertisers to access and purchase our inventory programmatically, audio advertising can be a highly effective, easy-to-manage tool in the marketer's digital toolbox."-Gary Seem, President and CEO at InStore Audio Network

Contact us today at [email protected]to learn how you can activate audio OOH as well as other digital media and promotions solutions.

Disclaimer

Quotient Technology Inc. published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 17:26:06 UTC.


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Financials (USD)
Sales 2022 320 M - -
Net income 2022 -26,2 M - -
Net cash 2022 219 M - -
P/E ratio 2022 -8,57x
Yield 2022 -
Capitalization 231 M 231 M -
EV / Sales 2022 0,04x
EV / Sales 2023 -0,04x
Nbr of Employees 1 162
Free-Float 90,6%
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Matthew Krepsik Chief Executive Officer & Director
Scott Raskin President
Yuneeb Khan Treasurer, Chief Financial & Accounting Officer
Robert A. McDonald Non-Executive Chairman
Daniel C. Pumphrey Chief Information Officer
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