Aureate Media Corp., which provides
software publishers with ad-supported distribution channels, services, and
technology, has secured a $5 million investment from @Ventures, the venture
capital arm of Internet holding company CMGI Inc.
Aureate Media provides users with “leading edge software” while
providing advertisers with a highly targeted marketing channel for integrated
ads. Competitors include Conducent, which recently did a deal with
eGames.
“Software is an incredibly ‘sticky’ form of content that sits on a user’s
desktop for hours at a time — making it a very valuable commercial medium,”
said Ehren Maedge, president and CEO of Indianapolis, IN-based Aureate Media.
“We enable publishers to offer consumers best-of-breed software which
typically carries a hefty price tag and, in so doing, we have aggregated 5 million pre-qualified and highly desirable consumers that advertisers are
very eager
to reach.”
The software Aureate distributes is made available to consumers via its Web
site and through e-tailers, off-line retail stores, and consumer technology
Web sites. “We are adding over one million new unique users per month as our
off- and online distribution network grows,” Maedge said.
David Nerrow, general partner with @Ventures, said more than 150 software programs have been attracted for the Aureate Network and a number of network advertisers have also signed on.
