AdRoll Named Fastest-Growing Advertising Company by Inc. for Second Consecutive Year
SAN FRANCISCO, Aug. 20, 2013 /PRNewswire/ -- AdRoll has been named one of the top three fastest-growing advertising companies in the country by Inc. Magazine on its annual 500|5000 list of the fastest-growing private companies. With a staggering 15,065% three-year growth this year and 11,082% last year, AdRoll was the only company to break top three in the Advertising and Marketing category for the second consecutive year.
A number of factors contributed to AdRoll's upward growth since the 2012 Inc. 500|5000 list was released. The company continues to invest heavily in product development, including on the much talked about Facebook Exchange (FBX). Late last year, AdRoll announced the first dynamic ad product on the platform and then released the first self-service retargeting product on FBX. The company also recently announced the acquisition of San Francisco-based Bitdeli, a data analytics startup. Bitdeli's technology and deep data assets are currently being integrated into the AdRoll platform, and will serve to further evolve AdRoll's existing data analytics capabilities.
AdRoll's sustained focus on product innovation and strategic growth has enabled the company to acquire over 8,000 customers to date, while maintaining a 97% customer retention rate. AdRoll has more than doubled its staff in the last year alone, expanding its San Francisco headquarters to a multi-story, 24,000 square-foot SOMA office. The company also opened a New York office and will open several new international offices within the next year.
"We're thrilled to be recognized by Inc. Magazine as one of the top three fastest-growing advertising companies in the nation for the second year in a row," said Aaron Bell, co-founder and CEO at AdRoll. "I'm also pleased to see many of our long-time customers on the list again this year. With their support, we'll continue to create disruptive products that consistently move the needle in the performance display space."