Company Details
Morrisville, N.C.
800-916-9960
Description: MaxPoint Interactive Inc provides business intelligence and marketing automation software service. The company provides a technology-driven alternative to traditional local marketing methods for various brands across a number of industries, such as retail, automotive, healthcare and entertainment, among others. Its Intelligence Platform is a cloud-based software service that enables national brands to predict local demand-based on consumers’ purchase power and intent and manage digital advertisements containing in-store offers, and promotions to reach consumers at a local level across mobile, social and video channels. Through marketing automation and direct integration with real-time bidding (RTB), exchanges, its platform delivers digital advertisements containing product and store-specific promotions to local consumers. The Company also offers Digital Zip architecture, which is a digital grid of households organized into over 44,000 neighborhoods or Digital Zips.
IPO Details
Exchange and Ticker: NYSE: MXPT
Filing Range: 6.5 million shares @ $10.50 to $12.50
Offering Price: $11.50
Offering Size: $74.8 million
Shares Outstanding: 25.6 million
Underwriters: Goldman Sachs & Co, Deutsche Bank Securities, Pacific Crest Securities Inc
Co-managers: Needham & Co LLC, William Blair & Co
Company Counsel: Gunderson Dettmer Stough Villeneuve Franklin&Hachi
Manager Counsel: Wilmer Cutler & Pickering
Auditor: Deloitte & Touche LLP
Market Capitalization on 3/31/15: $ 244.94 million
Close price on 3/31/15: $9.58
Investment Details
Venture Backers:
- Trinity Ventures LLP
- Madrona Venture Group LLC
Financing Rounds:
- 1/12/10 $3M
- 3/1/11 $8M
- 12/12/11 $3.75M
Source: Data provided by Thomson Reuters.