Opera Mediaworks has rebranded and its new company name will be AdColony with the goal of unifying the brand, performance and publishing business under a single name, while continuing its commitment to quality mobile advertising experiences that deliver outcomes fueled by creativity and data science-driven automation and Artificial Intelligence.
The name change will become effective starting in January 2017, and the company will continue to stay independent, with the corporate entity listed on the Oslo Stock Exchange under Opera ASA.
“I am excited to unify the advertising business under the AdColony brand globally. We are passionate about brand experiences that evoke emotion and drive real outcomes by combining both creativity with the next generation of advertising technologies like data science-driven automation and Artificial Intelligence. We look forward to building the AdColony brand around this positioning and hope to help elevate the state of mobile advertising,” said CEO Will Kassoy.
AdColony is the mobile video ad platform that the parent company Opera ASA acquired in 2014. After the acquisition, AdColony remained an integral part of, and a major revenue driver for the Opera Mediaworks business. It felt natural to turn to that established name and to continue the momentum and reputation the brand already had in the mobile ecosystem.
As such, this rebrand will not bring any changes to the company’s customers and partners, and they will simply continue to receive the very best mobile advertising products and services from us. Although the former AdColony business was mainly associated with mobile video advertising, the new AdColony in 2017 will encompass all areas of the former Opera Mediaworks and AdColony business, including rich media/display, streaming video, Instant-Play video, and all associated technologies and ad formats across our programmatic marketplace.
The reason for the change is the recent acquisition of Opera ASA’s namesake consumer browser by a Chinese consortium of companies. As part of the deal, acquirers are retaining the ‘Opera’ name and brand, which required a shift away from the name ‘Opera Mediaworks’, which is a fully-owned subsidiary of Opera ASA.
“This rebrand is an opportunity for us to define who we are, what we do and what role we play in the industry. AdColony’s strong positioning around best-in-class mobile and video technology will elevate our presence and relevance already strong position in the mobile advertising industry,” said Managing Director for Asia, Vikas Gulati.
“We continue to expand our reach in this region, invest in building dynamic, local market teams and by constantly innovating, using the latest technology and offering the highest quality advertising experiences to deliver even better results for brands, agencies and publisher partners,” Mr Gulati added.
Over the past several months, the company has invested in state-of-the-art technology and data scientists to work on this unified platform, called Apollo, which will be launched in various phases throughout 2017.
The company plans to launch a new, refreshed website in 2017 which will reflect the new, unified offerings of the global mobile ad platform and the combined businesses as part of the corporate rebranding.