Commentary

Real-Time With PulsePoint's Sloan Gaon

Media tech company PulsePoint today announced the launch of a real-time bidding (RTB) platform in Europe. In conjunction with the release of the platform, PulsePoint has also added Gareth Shaw as programmatic sales director, Europe. The New York-based company is gearing up for a surge of programmatic in Europe, so RTM Daily spoke with PulsePoint's CEO Sloan Gaon about RTB, the new platform, and what the future holds. 

RTM Daily: What did your platform look like in the UK/Europe before this announcement? 

Sloan Gaon: PulsePoint is actually a merged company (Datran Media and Contextweb). Contextweb was a contextual ad network. Traditionally, it had a pretty big presence in the UK market, so we had quite a bit of a foundation in London to begin with.

The extension of RTB to the network is a [response to the] ad market as we see it. RTB is coming on strong; it's really taking over the market. Because of its sort of "newness" to the marketplace, it offers lots of great opportunities for companies…that have an existing presence to layer on the programmatic side. We have a big team in London; [we] are just adding the programmatic tech.

RTM Daily: Why did you add RTB capabilities to the fold?

Gaon: A couple of notes. The first is we had tremendous success here in the U.S. on the programmatic side. We've exceeded the growth of the market over the last couple of years. It's becoming a larger and larger part, and more important, part of our business. We've been offering both RTB and contextual ad network [services] here in the U.S. for the last three years.

As we look at the European market, we see RTB or programmatic buying as the beacon of the ad industry over there. We believe those markets will leapfrog the U.S. in short order. The industry is going to become much more focused on programmatic much faster than [the U.S.].

Based on the secular nature of that marketplace - the fact that it's somewhat fragmented between the European countries - the programmatic side…really plays well into that marketplace.

RTM Daily: What makes your platform different than other options?

Gaon: There are certainly a lot of options. There's so much complexity in the marketplace around programmatic buying. There's an oversupply [and] a very fragmented ecosystem. Lots of demand-side platforms (DSPs) and supply-side platforms (SSPs) and more trading desks coming into the fray, all trying to serve a single purpose – to connect advertisers with consumers. 

We act as an exchange, not a DSP or SSP. We are the party in the middle that's neutral.

Just by the nature of our development in the marketplace, we have a contextual ad network [supplying each impression with specific data to make it more valuable]. By the very nature of our name, we think we are best of breed as it relates to contextualization. We think we are able to read a page better than anyone in the industry, both in the U.S. and in Europe.

We think context is equally as important as audience, [and that it is] going to play a more important role in the next year or two.

RTM Daily: Are you white labeling any technologies for your platform?

Gaon: We've invested millions of dollars in building up our own proprietary tech stack. We don't use any white labeled solutions.

RTM Daily: How are you going to manage a RTB platform in Europe when you are a U.S.-based company, both technically and operationally?

From a technological perspective, we've had to make significant investments to allow our technology to work in Europe. There are obviously different languages, currencies, and nuances to that marketplace. We've invested quite a bit of time to ensure that our platform is compatible in that market.

From an operations perspective. we've been in the European market for six years. We know that market well and have great relationships with clients, trading desks, [etc]. Between the infrastructure in the U.S., combined with the existing team in the EU, and new members (such as Shaw being appointed head of programmatic sales across Europe), we'll have a fairly robust infrastructure.

RTM Daily: What are your RTB plans the U.S.?  

Gaon: Our core product…serves as a good foundation. We'll also focus on layering our contextual targeting and audience targeting on top of RTB technology.  This will help to bring more value to both the supply and demand side.

Programmatic is not a nirvana state for the industry. You don't just push a button and see your ad in front of the right audience. It's continuing to evolve.

RTM Daily: Thank you for your time. Any additional comments?

Gaon: I think we're at the dawn of a new era. The ad world is changing, and it's changing before our eyes. You're going to continue to see a momentous shift from traditional media buying to programmatic media buying. We think that's ultimately going to serve advertisers quite well.

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