Marketing operations and marketing resource management software company BrandMaker announced it has signed a definitive agreement to acquire a leader in performance management solutions, Allocadia. The resulting combined business will offer end-to-end orchestration and optimization for marketers in strategy, campaigns, content and branding.
The companies boast a complementary presence in both North America and EMEA, and a workforce of 300 people in seven countries. The marketing services support over 300,000 global users.
Moving forward, the company will continue to support and grow the full suite of BrandMaker and Allocadia products, while also developing new solutions.
Allocadia supports marketing efforts by the likes of Charles Schwab, Autodesk and Juniper Networks, a clientele valued at more than $25 billion in marketing dollars. BrandMaker serves over 300 enterprises, including BestBuy, Deutsche Bank and Daimler.
Why we care. This is consolidation in a space that is heating up. Marketing may have its roots in the creative thinking that builds strong brand identity and sparks winning campaigns. But management and operations are no longer an afterthought. With marketers now helping fuel revenue and growth, hard skills are needed.
Brandmaker and Allocadia come together in support of those skills by combining the former’s Ops and MRM capabilities with the latter’s planning, budgeting and performance metrics. It looks like a comprehensive marketing operations package, and we’ve got a feeling we’ll see some more of these down the road.
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