Technology company Criteo has acquired Mabaya, a leading retail media technology company that powers sponsored products and retail media monetisation for major ecommerce marketplaces globally.
The acquisition of Mabaya is an important building block of Criteoâs Commerce Media Platform strategy, expanding Criteoâs ability to help marketplace sellers and brands drive more product sales, while enabling retailers and marketplaces to grow new retail media revenue streams. Mabayaâs technology complements Criteoâs leading Retail Media solutions, which help omni-channel retailers, brands and agencies deliver first-party data-powered advertising on e-commerce websites and apps, as well as delivers offsite advertising to engage shoppers throughout every stage of the shopper journey.
With the acquisition of Mabaya, Criteo can now offer retail media solutions optimised for the unique needs of marketplaces and marketplace sellers as well as brands. Additionally, Mabaya enhances Criteoâs ability to serve traditional omni-channel retailers as they grow their own online marketplace businesses.
âCriteo already powers the largest open retail media ecosystem outside of the walled gardens, and with the acquisition of Mabaya, we can now better serve the needs of marketplaces and their sellers,âÂ saidÂ Geoffroy Martin, EVP and General Manager, Growth Portfolio at Criteo.Â
âMarketplaces serve an essential function of helping consumers discover and purchase the widest assortment of products. Supporting this rapidly growing market segment is a tremendous growth opportunity for Criteo. With the addition of Mabayaâs technology to our solutions, no company is better positioned than Criteo to address the massive retail media market opportunity.â
Jonathan Kogan, CEO at Mabaya, said,Â âWe have been developing and offering state-of-the-art tools to help marketplaces engage sellers and brands with Sponsored Product ads and monetise their traffic. Criteoâs technology, global scale and footprint will provide us the exciting opportunity to build on the momentum weâve created over the last years, scale up rapidly to new markets and offer additional solutions that are integrated with Criteoâs technology.â