Zeta Global announced the acquisition of Boomtrain for an
undisclosed price on Tuesday, adding Boomtrain’s machine-learning platform to Zeta’s Software-as-a-Service (SaaS) marketing cloud.
This marks Zeta’s first acquisition since
raising a late-stage equity and debt funding of $140 million in April, and the company’s tenth acquisition in as many years.
Steve Gerber, president and COO of Zeta Global, says the
acquisition will help move Zeta’s services into a “next-generation marketing cloud with artificial intelligence at its core, as opposed to an add-on solution.” Boomtrain has
particular expertise in the media and publishing verticals, he says.
Gerber says the acquisition will also help accelerate the company’s growth in machine learning. Founded in 2012 and
based in San Francisco, Boomtrain’s marketing platform helps brands send personalized email messages and mobile notifications at scale.
For now, the Boomtrain platform will fall within
the Zeta Global marketing cloud. Gerber says that in the intermediate term, Boomtrain will effectively become a personalization module in the Zeta cloud. Over the next six to nine months, the company
plans to integrate the two platforms to expand its marketing cloud.
Gerber envisions a marketing future where the cloud is a “console” as opposed to a
“container.”
“Most clouds today are more like a container of stuff,” says Gerber. “We think of the cloud as a console, where everything is rolled up into a single
user-interface with a single view of customers and in a single customer database.”
Zeta will also be acquiring Boomtrain’s book of business, which includes brands like CNBC
and Dow Jones.
Chris Monberg, Boomtrain’s co-founder and CTO, will remain on board at Zeta Global as the company’s new chief technology officer. Monberg will be working alongside
Scott Ollivier, the chief product officer at Zeta. Nick Edwards, co-founder and CEO of Boomtrain, will also be involved in the transition and will become an advisor on Zeta’s machine-learning
advisory board.
Boomtrain has raised just under $15 million prior to its acquisition.