INEO Tech Corp., the developer and operator of the INEO Media Network (a digital advertising and analytics solution for retailers), has formed partnerships with several U.S.-based advertising platforms and set up private marketplace (PMP) deals with demand-side platforms (DSPs).
In April, INEO signed agreements with ad networks AdXcelerant and LoopTV, while the PMPs were set up with The Trade Desk and Quotient.
AdXcelerant specializes in the placement of ad campaigns across multiple channels, including cable TV, connected TV (CTV), streaming video services delivered via the internet (over-the-top programming) and websites. LoopTV is a streaming, TV and digital signage service for businesses.
The partnerships will allow INEO’s Retail Media network to accept and display digital-out-of-home and CTV ad content from the company's partners, enhancing INEO's reach and capabilities across an expanded set of digital advertising channels/touchpoints, according to a media release.
The PMP deals allow DSPs to send advertising directly into the INEO U.S. retail store network programmatically.
"We are thrilled to announce these strategic partnerships, which represent a significant step forward for INEO and our clients," Kyle Hall, INEO CEO, said in the release. "The rapid progress INEO Retail Media has made since we formed the division 100 days ago is tremendous. The relationships we have forged, and the agreements we have signed, have enhanced our media business and charts a clear roadmap of increasing ad revenue with our growing base of U.S. systems."
In March, INEO released an update on its growing retail media division. Hall said in a media release at the time:
"INEO Retail Media has made great progress in the three months since we launched the division. In less than 90 days, led by the leadership of Salim Tharani, INEO has signed representation agreements with U.S.-based specialist media firms 45:10 and All Over Media; listed INEO's U.S. store advertising inventory on the programmatic advertising providers Vistar Media, Hivestack and Broadsign; started integration with programmatic advertising provider Place Exchange, and; continued to push ahead with our own direct sales efforts. These initiatives have resulted in eight advertisers placing ad campaigns with INEO Retail Media on our U.S. store network in March to date. Furthermore, the company continues to actively sell advertising on the Canadian Liquor Store network, focusing on direct relationships to secure campaigns."