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2 External links  














Rocket Fuel Inc.







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From Wikipedia, the free encyclopedia
 


Rocket Fuel Inc.
Company typePrivate
IndustryMarketing and Advertising
Founded2008; 16 years ago (2008)
FoundersGeorge John, Richard Frankel, Abhinav Gupta
Headquarters ,
US

Number of locations

20

Area served

North America, Europe, and Japan; 20,000 advertisers and 3,600 advertising agencies[2]

Key people

  • Randy Wootton, CEO[2]
  • Simon Hayhurst, VP Product
  • Number of employees

    700+

    Rocket Fuel was an ad technology company based in Redwood City, California.[3] It was founded in 2008 by alumni of Yahoo!.[3]

    Rocket Fuel completed an initial public offering in September 2013.[4] The initial stock offering was $29 per share and reached a high of $59.95 per share when the stock opened. The stock closed at $56.10 per share on opening day, giving the company a value of $942.5 million.[5] By February 24, 2015, the stock had dropped to $9.63, or 86 percent below its record high and 67 percent below its IPO price.[6]

    Rocket Fuel acquired the New York-based ad tech company [x+1] in August 2014 for $230 million.[7][8][9]

    In 2017, the company was acquired by Sizmek, a private ad tech company owned by Vector Capital; one outcome of this was a retreat from public company status back to being a private company.[2]

    In November 2017, Sizmek retired the brand Rocket Fuel.[citation needed]

    References

    [edit]
    1. ^ Courtney Subramanian (March 17, 2014). "In marketing, embracing a world where data rules". CNN Money. Retrieved May 1, 2014.
  • ^ a b c Schubarth, Cromwell (18 July 2017). "One-time ad tech unicorn sells at 90% discount from IPO price". Silicon Valley Business Journal. Retrieved 19 July 2017. Ad tech company Rocket Fuel is being acquired by for $125.5 million by Sizmek, a privately owned company in the same business owned by private-equity firm Vector Capital.
  • ^ a b Sramana Mitra (21 October 2013). "Rocket Fuel's IPO Soars". Seeking Alpha. Retrieved 3 December 2013.
  • ^ "Rocket Fuel Exec Offers Reasons For Optimism About The Future Of Mobile Advertising". Adotas. 4 February 2014. Retrieved 9 March 2014.
  • ^ Brodie, Lee (13 November 2013). "Cramer: This stock is literally Rocket Fuel". CNBC. Retrieved 13 March 2015.
  • ^ Kilgore, Tomi (March 6, 2015) "11 stock bubbles that have already popped." Marketwatch. (Retrieved 6-11-2015.)
  • ^ Zach Rogers (5 August 2014). "Rocket Fuel To Buy [X+1] For Estimated $230M". ad exchanger. Retrieved 24 August 2014.
  • ^ Jordan Novet (5 August 2014). "Ad-tech player Rocket Fuel buys programmatic marketing company [x+1]". Venture Beat. Retrieved 24 August 2014.
  • ^ Garett Sloane (5 August 2014). "Rocket Fuel's Deal to Buy [x+1] Propels It Into Marketing Cloud Territory". Adweek. Retrieved 24 August 2014.
  • [edit]
    Retrieved from "https://en.wikipedia.org/w/index.php?title=Rocket_Fuel_Inc.&oldid=1232593346"

    Categories: 
    Big data companies
    Technology companies established in 2008
    2008 establishments in California
    Companies based in Redwood City, California
    Companies formerly listed on the Nasdaq
    Online advertising
    2013 initial public offerings
    Hidden categories: 
    All articles with unsourced statements
    Articles with unsourced statements from January 2021
     



    This page was last edited on 4 July 2024, at 15:01 (UTC).

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