August 31, 2017 Last Updated 11:55 am

Chicago PE firm GTCR acquires majority stake in programmatic advertising platform

FORT WORTH, Texas — August 31, 2017 —, the programmatic advertising platform that delivers localization and personalization at scale, announced today that GTCR, a leading private equity firm based in Chicago, Illinois, will acquire a majority stake in the company.

The investment from GTCR, along with additional capital that GTCR expects to commit to fund organic growth initiatives and future acquisitions, positions well to continue to deliver the functionality, training and support that local advertisers need.

Co-founders Frost Prioleau (CEO) and Paul Harrison (CTO) and the rest of the management team will continue to manage the company, which will continue to focus on the largest buyers of localized advertising, including brands, agencies, local media groups, networks and trading desks.

“Frost, Paul and the team have built a strong business serving a unique niche that is well-positioned for continued success in a rapidly growing industry,” said GTCR Managing Director Craig Bondy. “As both large and small advertisers look to localize and personalize their campaigns,’s platform, through the use of unstructured data, will help them better connect with their target audiences.”

“We are excited to partner with GTCR as we continue to build our platform and solve the needs of local advertisers,” said Mr. Prioleau, who has served as’s CEO since its inception. “GTCR brings significant resources and experience in building industry-leading companies, and they will be a valuable resource in the long-term expansion of our business.”

The transaction is expected to close in late September 2017.

Kirkland & Ellis LLP served as legal advisor to GTCR. Petsky Prunier LLC and LUMA Partners LLC served as financial advisors and Wilson Sonsini Goodrich & Rosati served as legal advisor to Selling shareholders include’s lead institutional investors Contour Venture Partners and Frontier Capital.

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