Mood Media Expands In-Store Solutions with Acquisition of Vibenomics, the Leading In-Store Ad Network Technology and Service Provider
AUSTIN, Texas, March 21, 2023 /PRNewswire/ -- Mood Media, the world's premiere on-premise experiential technology and media company, has acquired Vibenomics, the leading in-store digital advertising solution provider. Financial terms of the transaction were not disclosed.
- AUSTIN, Texas, March 21, 2023 /PRNewswire/ -- Mood Media , the world's premiere on-premise experiential technology and media company, has acquired Vibenomics , the leading in-store digital advertising solution provider.
- Combining Mood Media's breadth and scale as the leading in-store experience provider with Vibenomics' differentiated technology position in on-premise media solutions enables deeper insights for advertisers, increased revenue opportunities for brands, and greater consumer engagement and analytics at the point of sale.
- The announcement comes at a time when retail media networks are booming, with U.S. retail media spend increasing from $31B in 2021 to a projected ad spend of $61B in 2024 .
- Malcolm McRoberts, CEO of Mood Media, said,"Mood Media is committed to delivering the next generation of in-store technology solutions.