Ever since WPP Group formalized the structure of its new media operating division, Tenth Avenue, I’ve wondered exactly what one of its core assets, Spafax Networks, actually is. I knew it is an expert in out-of-home media, but so is sister agency Kinetic Worldwide.
During a panel at MediaPost’s Digital OOH Forum in New York, Spafax Executive Vice President Patrick Bonomo shed some light on how Spafax is positioned, but it also raised a lot of new questions for me.
Bonomo described Spafax as an “inventory owner, purchaser and warehouse.” In other words, it sounds like it’s playing all sides of the out-of-home marketplace. Which means it’s not classically an ad agency either – at least not in the sense that Kinetic is.
Bonomo teased attendees with a few more tidbits about Spafax’s structure and designs, noting that a big part of what it does is data-driven. In particular, in using data to create measurement and accountability for out-of-home media.
“If we don’t have that, you’re not going to be able to fight for the dollars allocated,” he said.