Criteo

Criteo
Société Anonyme
Traded as NASDAQ: CRTO
Industry Online Advertising
Founded Paris, France, 2005
Headquarters Paris, France
Number of employees
 1850 (December 2015)
Website www.criteo.com

Criteo is a "personalized retargeting company" that works with Internet retailers to serve personalized online display advertisements to consumers that have previously visited the advertiser's website. The company currently operates in a total of 30 markets around the world and is headquartered in Paris, France.[1] On April 7, 2011, Criteo announced that it hired Greg Coleman as president.[2] Previously, Coleman served as president and chief revenue officer of The Huffington Post and executive vice president of global sales for Yahoo!.[3]

Criteo enables online businesses to follow up visitors who have left their website without making a purchase using personalized banners which aim to drive potential customers back to the business website.[4]

History

Criteo was founded in Paris, France in 2005 by Jean-Baptiste Rudelle, Franck Le Ouay and Romain Niccoli. Criteo spent the first four years focused on[5] R&D, and launched its first product in April 2008. In 2010, Criteo opened an office in Silicon Valley[6] in an effort to enhance its profile in the USA.

In 2012, Criteo opened its new headquarters in Paris, France establishing one of the biggest European R&D centers dedicated to predictive advertising.[7] The center will continue to provide central support to more than 30 markets worldwide, on five continents – North America, Europe, Asia, South America and Australia.

In September 2013, the firm filed for an IPO with US regulators to raise up to $190 million.[8]

Product

Criteo's product is a form of display advertising. Their personalized retargeting solution displays interactive banner advertisements, generated based on the online retail browsing preferences and products for each customer. The solution operates on a pay per click (PPC) / cost per click (CPC) basis, meaning that advertisers pay only for the consumers that click on the banner and return to their website. Additional retargeting solutions operate on a cost per thousand impressions (CPM) or cost per engagement (CPE) basis.

The most common, and simple form of retargeting is basic static retargeting,[9] where a single static banner is shown to all viewers who have left a particular website. Retargeting specialists then introduced a slightly more complex form of segmented retargeting.[10] This second generation of retargeting enables to display one of a few pre-created messages to lost visitors based on a particular browsing category they fall into.

In September 2010, Criteo debuted its self-service cost-per-click[11] (CPC)[12] bidding platform that lets advertisers place bids on display retargeting campaigns and see changes and optimize campaigns in real-time.

The Criteo Performance Optimization Platform allowed display advertisers and agencies to set retargeting campaigns[11] based on category, and allow advertisers to bid a different CPC per product category. This is similar to Google AdWords, but for display retargeting ads.

Criteo’s platform allowed for cost-per-click bids to be set down to the individual product level.[13] For example, if a retargeted ad displays three products the consumer had browsed on the site, a different cost can be assigned to each product displayed within the single ad.

Funding

Criteo has secured a total of $17 million in funding, with 3M € in a first institutional round in March 2006 coming from French private equity firm AGF and Elaia Partners, and 9M € in a second round in January 2008 led by Index Ventures.[14] The company displays over 4 billion banners per month but does not disclose the geographical breakdown for those banners.

In May 2010, Criteo raised a further $7 million of funding from Bessemer Venture Partners,[15] bringing the total to $24 million. WXP[16]

Privacy

In September 2010, Criteo began a campaign[17] regarding the use of the popular retargeting and its impact on consumer privacy. The campaign aimed to reassure consumers about personalized retargeting and data-driven marketing tactics.

The company denies it relies on personally identifiable information (PII) and doesn’t track identifiable information, no data is shared with advertisers or publishers and no third-party data used for targeting purposes. Retargeting only uses anonymous information [17] from the merchant’s site.

Achievements

Criteo won the 2010 Web Award for Outstanding Achievement in Web Development.[18] Criteo’s client Boden won the ClickZ Connected Marketing Award [19] for ‘Best Use of Display Advertising’ for its personalized retargeting campaign implemented by Criteo.

See also

References

  1. ↑ "Criteo Labs: Opening Ceremony". Criteo Website. Criteo. Retrieved 24 January 2013.
  2. ↑ "Online Ad Exec Greg Coleman Lands at Criteo as President - Kara Swisher - News - AllThingsD". AllThingsD. Retrieved 30 March 2015.
  3. ↑ http://www.digidaydaily.com/data/stories/why-greg-coleman-bet-on-retargeting/
  4. ↑ "Criteo Brings Scale To Display Retargeting Says CEO Rudelle". AdExchanger: News and Views on Data-Driven Digital Advertising. Retrieved 30 March 2015.
  5. ↑ "Criteo brings its personalized banner ads to US, launches new pricing program - VentureBeat - News - by Nadia Majid". venturebeat.com. Retrieved 30 March 2015.
  6. ↑ "French Retargeting Company Descends on Silicon Valley". ClickZ. Retrieved 30 March 2015.
  7. ↑ "CriteoLabs: Opening Ceremony". Criteo Website. Criteo. Retrieved 24 January 2013.
  8. ↑ Avik Das (18 September 2013). "French ad firm Criteo files for $190 million U.S. IPO". Reuters.
  9. ↑ "How targeted display can extend your influence". imediaconnection.com. Retrieved 30 March 2015.
  10. ↑ http://www.itvent.com/aggregator/sources/1?page=8
  11. 1 2 http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=136034&nid=118810
  12. ↑ "Cost Per Click (CPC)". Marketing Terms. Retrieved 30 March 2015.
  13. ↑ Allison Enright. "Web Advertising - Criteo makes placing display ads do-it-yourself - Internet Retailer". internetretailer.com. Retrieved 30 March 2015.
  14. ↑ "Criteo brings its personalized banner ads to US, launches new pricing program - VentureBeat - News - by Nadia Majid". venturebeat.com. Retrieved 30 March 2015.
  15. ↑ "Here Comes The French Invasion: Bessemer Puts $7 Million Into Ad Retargeting Startup Criteo". TechCrunch. AOL. Retrieved 30 March 2015.
  16. ↑ "Criteo Raises $10 Million From Index Ventures". TechCrunch. AOL. Retrieved 30 March 2015.
  17. 1 2 "Criteo CEO Rudelle Responds To Recent Concerns Over Retargeting And Consumer Privacy". AdExchanger: News and Views on Data-Driven Digital Advertising. Retrieved 30 March 2015.
  18. ↑ "Criteo wins 2010 WebAward for Raising the Bar for Retargeting". webaward.org. Retrieved 30 March 2015.
  19. ↑ "Criteo Client Boden Wins ClickZ Connected Marketing Award". econsultancy.com. Retrieved 30 March 2015.

External links

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