Tal Hayek, CEO of marketing technology company AcuityAds Holdings (TSXV:AT) spoke at the 2017 Cantech Investment Conference in Toronto yesterday, saying AcuityAds is well-positioned in the programmatic advertising industry, a field that still has tremendous growth on its horizon.
The $51 billion industry in supplying online ad content has seen 47 per cent growth over the past year, says Hayek.
“The market is very, very ready for acquisitions,” he told the audience. “It’s a great time to be a buyer in ad tech. There are great companies out there who could use support.”
For Acuity, the sky’s the limit, according to Hayek, who points out that the company has had 20 straight quarters of growth, ending with a huge Q4 in 2016. “We’re extremely excited about the results from Q4,” says Hayek. “We expanded to the U.S. in 2014,” says Hayek, “and now with expansion into Europe, we expect that to be another big driver.”
The Toronto-based company was ranked this past year as one of the fastest growing technology companies in North America by the Deloitte Fast 500. Last month, AcuityAds announced that it received Blue Sky approval in 39 states in the U.S. for their OTCQB listing, giving the company the power to offer its securities to US investors and to allow brokerage firms and their investment advisers to present the Company’s securities to their clients.
“We are pleased that our application has been quickly approved to further eliminate any barriers that US investors may have faced when seeking to invest in our company,” said Hayek. “We have received a tremendous amount of interest out of the US investment community as we have been actively marketing our story across the country, and look forward to working closely with them to help grow our investor base.”
At the 7th Annual Cantech Letter Awards last night at the Ripley’s Aquarium in Toronto, AcuityAds won TSX Venture Exchange Tech Stock of the Year.