Vancouver, BC, April 17, 2014 - Experience Art and Design (EXAD) has diversified into the online Internet arena through an agreement to acquire all the outstanding shares of privately-held Net Applications Holdings, the resulting entity following the recent acquisition of Net Applications by Blabwire Media , LLC.
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Roy Rose. Experience Art and Design CEO stated, "Net Application is an exceptional company well positioned in its space, with strong sales and profits, as well as a management team that has had many successes in the software business prior to the merger."
Irvine, California-based Blabwire Media, LLC (www.blabwire.com) which provides analytics, programmatic monetization, and optimization for mobile, display, and video advertising clients, will operate as a wholly-owned subsidiary of Experience Art and Design. In its short history, established in 2013, Blabwire now powers more than 35 websites, generating billions of ad impressions, and grown to $7 million in annual revenue.
comScore values the online advertising market alone at $42.8 billion.
Blabwire will continue to be managed by its current executive team, led by CEO Matt Hopkins, with more than 50 years` experience in startups, tech and software development. Matt Hopkins was involved in 1999 sale of Mapquest to AOL, the 2002 sale of Vicinity to Microsoft, and the current acquisition of Net Applications by Blabwire.
Blabwire`s acquisition of Net Applications (www.netapplications.com) and its online analytics and marketing platform, will add another 9,000 clients, with key accounts that include Microsoft, Apple, and Adobe.
Matt Hopkins, CEO of Blabwire Media LLC, stated, "This merger allows us to unlock the full potential of the Net Applications acquisition and focus on our next generation analytics, antifraud, and advertising products we`re set to release later this year."
Experience Art and Design (www.expeerierncead.com) operates in the fine art and technology industry through its wholly-owned subsidiary, Chiurazzi Internazionale S.r.l., an Italian corporation which owns the Chiurazzi Foundry in Casoria, Italy.
Chiurazzi creates reproduction from its Chiurazzi Mould Collection, comprised of more than 1,650 artistic bronze sculpture moulds taken from original marble masterpieces housed in museums throughout the world.
Experience Art and Design shares trade at $1.70.
For more information, please contact Ken Kepp, CFO of Experience Art and Design by email at firstname.lastname@example.org.
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Barry Morgan, CFO
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Source: InvestmentPitch via GlobeNewswire