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Google purchased San Francisco-based Adscape, a company that specializes in in-game advertising for video games, on February 15, 2007 for US$23 million. Adscape was founded in 2002 by Dan Willis, a former Nortel engineer. Adscape launched in February 2006 with $3.2 million in funding from HIG Ventures, a venture capital company based in Atlanta, Georgia. The company has services that include delivering dynamic advertisements to video games. It has yet to form any partnerships with any game publishers as of its acquisition by Google.
Google's acquisition of the company grants it Adscape's patents, which could be useful. Google commented on the acquisition by saying in a press release, "As more and more people spend time playing video games, we think we can create opportunities for advertisers to reach their target audiences while maintaining a high quality, engaging user experience." This acquisition was in part fueled by Microsoft's purchase of in-game advertisement company Massive Incorporated, which already has secured deals with game publishers including UbiSoft, THQ, and Take-Two, for $200 million in 2006. One expert commented on the acquisition, saying, “There is a whole world of difference between the form of advertising done by Google and Madison Avenue. [...] While everyone appreciates the dollars Google can throw around, when it comes to [in-game ad] experience they just don’t have it.” Adscape moved from its offices in Atlanta to Google's headquarters in Mountain View, California in March 2007. The company's leadership includes Dan Willis as Chief Technical Officer, Bernie Stolar as Chairman, and Eva Woo as vice president of marketing.
- ↑ 1.0 1.1 1.2 1.3 Olson, Ryan (2007-02-15). "Google Agrees to Buy Adscape". Red Herring. Archived from the original on 2007-08-07. http://web.archive.org/web/20070807202910/http://www.redherring.com/Article.aspx?a=21323. Retrieved 2007-04-02.
- ↑ Olson, Ryan (2007-02-14). "Google/Adscape update: deal still on". Red Herring. http://www.redherring.com/blogs/22124. Retrieved 2008-10-15.
- ↑ Kumar, Vishesh (2007-02-16). "Google Makes Ad-Grab". The Street. http://www.thestreet.com/story/10339410/1/google-makes-ad-grab.html. Retrieved 2008-10-15.
- ↑ 4.0 4.1 "Google buys video game ad firm Adscape". USA Today. 2007-03-18. http://www.usatoday.com/tech/gaming/2007-03-18-google-adscape_N.htm. Retrieved 2008-10-15.