Global has acquired the digital audio sales division of Canada-based, leanStream.
This move brings Global’s digital audio advertising platform DAX to Canada.
Global adds Toronto to its list of office locations alongside its headquarters in London and DAX divisions based in New York, Los Angeles, Chicago, Detroit, Hamburg and Paris.
The DAX platform reaches 165 million people streaming digital audio through premium publisher brands.
Chris Nimigon, Chief Revenue Officer of leamStream will now become Chief Revenue Officer of DAX Canada and lead the business.
Existing publishers with inventory on the leanStream roster include TuneIn, 8tracks and Adwave Canada.
All leanStream sales team members will join DAX, while leanStream’s existing business will continue to sell its digital streaming services.
Canadian advertisers can now use DAX’s audience targeting and audio attribution tool ‘Listener Insight ID’ across the existing leanStream publisher portfolio.
“We have been watching the Canadian market for a while now and feel it is ripe for growth.”
Mike Gordon, Global
Mike Gordon, Chief Commercial Officer at Global, said: “We’ve seen DAX triumph in new markets and demand from advertisers worldwide continues to grow at pace.
“We have been watching the Canadian market for a while now and feel it is ripe for growth.
“Our vision is to add the DAX data and attribution capabilities to leanStream’s broad publisher portfolio to deliver a world-class audio solution for Canadian advertisers. We are excited to be adding a brilliant new team to DAX and we’re looking forward to making DAX Canada a huge success.”
Newly appointed, CRO of DAX Canada, Chris Nimigon, added: “DAX is at the forefront of innovation, leading the market in the digital audio space.
“The demand for digital audio content continues to develop at a significant rate and the launch of this new business presents a fantastic opportunity for the market in Canada to grow.
“It’s a very exciting time to become part of Global and I’m looking forward to rolling out DAX’s advanced technology – from audience targeting, personalised ads and sophisticated measurement – to our clients and partners across Canada.”
Last Month SoundCloud broadened its agreement with DAX in the UK market, offering advertisers the chance to book SoundCloud’s inventory programmatically and direct.Music Business Worldwide