Quartiles New Acquisition to Help Create a Powerful Ecommerce Suite
Martech Outlook | Wednesday, December 29, 2021
With the acquisition of Sidecar, Quartile now has control over 5,000 brands and $2 billion in yearly ad spend.
Fremont, CA: "By combining Sidecar's best-in-class solution and expertise managing campaigns for DTC e-commerce merchants with our proprietary AI-driven analytics and optimization platform, we will create the most comprehensive and powerful e-commerce suite," states Daniel Knijnik, co-founder and CEO at Quartile. Sidecar, a performance marketing technology provider for e-commerce retailers and brands that works across all major advertising platforms, including Google, Microsoft Bing, Facebook, Instagram, and Amazon, is now to be owned by Quartile, the leading ad optimization platform for top e-commerce marketplace sellers.
The two companies will merge under the name of Quartile, creating the world's largest cross-channel e-commerce advertising platform. Both systems use machine learning and natural language processing to provide brand marketers with data-driven strategies and best practices, as well as best-in-class reporting and ad management. Quartile intends to quadruple its advertising expenditure under management across all platforms to $2 billion in 2021 as a result of the merger. More than 5,000 brands, including Unilever, Burt's Bees, and Thrasio, use the platforms on e-commerce platforms such as Amazon, Google, Instacart, Walmart, Facebook, and Shopify. Clients from 26 countries will be served by the united organization.
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"Retail marketers and small businesses are up against great odds when it comes to being seen in online marketplaces. Only 0.1% of products account for around 80% of the sales on
e-commerce marketplaces, so brands recognize they need a holistic solution to help them compete in all marketplaces and direct-to-consumer websites,” adds Knijnik.
Both Quartile and Sidecar have seen explosive growth in recent years as e-commerce firms have raised their advertising spend in response to rising competition. Amazon is expected to expand its ad revenue to $24.47 billion by the end of 2021, a 55.5 percent growth year over year, closing the gap with Google and Facebook as the world's third-largest ad network (whose ad revenues grew 34 percent and 43 percent, respectively). The platforms give e-commerce marketers a competitive advantage in this fast-paced business.
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