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Axiata secures strategic investment from Sumitomo corp

UNB NEWS

Thursday 09 August, 2018 10:07:12 pm

Axiata secures strategic investment from Sumitomo corp

Dhaka, Aug (UNB)- Axiata Digital Sdn Bhd's integrated digital advertising business unit, ada (analytics. data. advertising) has secured US$20 million investment from Sumitomo Corporation (“Sumitomo Corp”), a leading Fortune 500 global trading and business investment company headquartered in Japan. 

ada unlocks the full potential in digital by combining data science, creative and technology, for brands and businesses across Asia with presence in 8 countries, including Bangladesh, with over 200 digital advertising specialists.

This funding round solidifies ada’s trajectory to become the leading integrated digital advertising firm leveraging telco core and digital and analytics capabilities in Southeast Asia by 2021. ada breaks the silos between media and creative with all marketing decisions driven by data. Hence, ada has built out first in the region telco-powered proprietary data management platform (DMP), Xact. In the next 3-5 years, we expect 90 persons of all marketing decisions to be data-driven.

Sumitomo Corporation as ada’s “strategic partner” will accelerate growth through leveraging cutting edge technology to enhance ada’s Xact platform and drive product innovation and expanding ada’s business by its knowledge/ experience in affiliate marketing and digital advertising as well as by developing go-to-market collaborations to serve Japanese advertisers or partner with Japanese agencies.

“It’s a great pleasure to partner with ada for creating new value through data driven analytics and leading digital transformation. We will also seek opportunities for further collaboration in the areas such as FinTech and IoT with Axiata Digital Services as a strategic partner” said Sumitomo Corporation’s, Corporate Officer, Masahiro Miyashita.

“We are excited to partner with a valued partner like Sumitomo to create long-term value by leveraging our joint capabilities. Together through data driven marketing, we look forward to expanding regionally with advertisers and agencies alike.” said ada’s CEO, Srinivas Gattamneni.

“ada has been built around the future of advertising through integrating analytics into media and creatives. We are extremely pleased to have Sumitomo as a partner for this future as it further strengthens our focus on digital advertising.” said Axiata Digital Services’s CEO, Mohd Khairil Abdullah.

ada’s key clients in the region include brands such as CIMB, LINE MAN, Sushi King, TGV, Timberland and many others.