Hootsuite Expands Digital Ad Offering With AdEspresso Acquisition

Hootsuite Expands Digital Ad Offering With AdEspresso Acquisition

Hootsuite has announced the acquisition of AdEspresso, an SaaS solution for Facebook and Instagram advertising.

The social media management platform said in a statement that AdEspresso will continue as a self-service ads management product, with the acquisition meaning that the company now sits at the nexus of more than $500 million in annualised social spend.

Hootsuite CEO Ryan Holmes said the acquisition reflects that social advertising has become a vital aspect of marketing.

“Companies are looking for ways to reach an active, engaged audience while getting more mileage from content and advertising spend,” he said.

“With AdEspresso, we’re bringing our users a simple, powerful, battle-tested solution that delivers measurable ROI.”

Facebook’s vice president of marketing partnerships, Blake Chandlee, said Hootsuite’s acquisition of AdEspresso shows that there is a huge opportunity in building customised services on the social media giant’s open APIs to help each business meet their goals.

“Millions of organisations use Facebook advertising to drive the outcomes that matter most to them,” he said.

Today’s announcement is coupled with the launch of Hootsuite Ads, which is designed to provide organisations with enterprise-grade features and optimisation services needed to improve campaign performance and accelerate advertising ROI.




Latest News

The Mars Agency Announces Latest Findings Of Retail Media Report Card
  • Advertising

The Mars Agency Announces Latest Findings Of Retail Media Report Card

The Mars Agency has developed a scorecard that assesses the capabilities of leading platforms across key criteria required to optimally plan, execute, and measure effective retail media programs. The scorecard aims To help brands efficiently evaluate their spending options across retail media networks in Australia (and New Zealand). With spending on retail media advertising in […]

TV Ratings (27/03/2024): Jungle Members At War Over Concealed Lipstick
  • TV Ratings

TV Ratings (27/03/2024): Jungle Members At War Over Concealed Lipstick

A heated argument between two jungle members did the numbers for Ten last night, with I’m A Celeb obtaining a total national reach of 1,282,000. Fans were delighted as Candice Warner and influencer Skye Wheatley got into it over a stick of lipstick, leading Warner to dub the Instagram star “selfish.” Wheatley, best known for […]