XLMedia sees good start to 2015; announces bolt-on acquisition
Marketing services company XLMedia said on Tuesday that it has made a good start to the year, as it continues to trade in line with expectations, and announced a small bolt-on acquisition of UK focused mobile targeted websites.
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While no financial details were disclosed, the company said it continues to look for opportunities to expand its network as well as develop existing and new assets.
XLMedia said it expects to issue a first-half trading update in July.
Chief executive officer Ory Weihs said: “Mobile users are now becoming a significant portion of our target audience which is why we are developing new features and capabilities to deliver a seamless mobile experience across our websites and ads in order to drive enhanced experience to our users. “
“We see this process as a key strategic driver for the business and as a result have allotted a significant part of our budget to further develop our in-house systems in the mobile arena,” he added.