Stockholm, Sweden (PRWEB) May 26, 2011
adX Search, a recognized leader in online search and social advertising solutions, has announced its plans to raise 5 Million Euro in capital to realize its strategy of becoming the dominant player in the European market for online advertising optimization. Furthermore, the company has appointed Dan Sehlberg, Jonas Tulldahl and Sten Rundin to the non-executive board of directors.
“In a few years, systems for optimizing online advertising campaigns will be mandatory and adX Search is best positioned to leverage that opportunity,” said Jonas Tulldahl, board member, adX Search AB.
Europe’s online advertising market, currently worth 16 Billion Euro, is expected to grow rapidly. The increasing complexity of managing online advertising campaigns has given rise in the demand for support from advanced optimization platforms. adX Search has spent several years investing in its system and integrating it with leading advertising platforms such as Google, Bing, Yahoo and Facebook. The adX Search system is considered to be one of the best platforms available on the market for online search and social media optimization, and from its leadership position in Sweden, the company is taking the next steps to become the dominant player in Europe.
“We are currently receiving strong feedback from local and international customers confirming that our solution is the most competitive on the market,” said Mikael A. Pettersson, Co-founder and CEO adX Search AB. “The timing for a European expansion couldn’t be better.”
As part of this effort adX Search has extended its non-executive board with three senior members:
- Sten Rundin: Founder and CEO of Genline AB.
- Dan Sehlberg: CEO of Guided Vision AB, he has held several CEO positions in public and private companies with broad board experience.
- Jonas Tulldahl: CEO of 2by2 AB, he offers extensive experience in management consulting, most recently from the Boston Consulting Group, and from several line-positions.
About adX Search:
adX Search AB is a leading provider of online search and social advertising optimization solutions. The adXsearch technology platform supports companies with a single gateway to search and social media engines including Baidu, Bing, Google, Yandex, Facebook and Yahoo! The adXsearch concept is based on a proprietary technology platform together with a Search Centre offering industry expertise for service & support. Leading companies from a wide variety of industries around the world have chosen adX Search as their partner.
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