MGID acquires Feedbox
Contact: Val Kornev
January 20, 2012 - Feedbox.com, the network of quality content advertising has been acquired by MGID Inc. Under the terms of the acquisition, Feedbox will become a wholly owned subsidiary of MGID Inc.
MGID Inc. has a clear reputation as one of the market leaders for connecting publishers into one powerful network. This transaction will strengthen our position, and benefit both companies - said Robert Bardunias, Executive Vice President of MGID Inc. – The merged company provides publishers with a great opportunity to grow and monetize their businesses with the help of advertising tools that best match their audience and readership.
As a project of MGID, Feedbox’ goal will be to bring traffic exchange (free content advertising) to reputable brands, premium websites and magazines with quality content.
MGID will utilize Feedbox's skills and expertise as a premium advertising service for websites, with excellent content, making it a valuable tool for publishers worldwide.
Feedbox was bought by MGID Inc. on a condition that its team will carry on the movement in a chosen direction - while MGID Inc. will continue providing its services to a broader audience of bloggers and publishers, Feedbox will focus on a mature audience with higher income.