 | This article contains content that is written like an advertisement .(October 2014) |
| Type | Public |
|---|---|
| Nasdaq: MRIN Russell Microcap Index component | |
| Industry | SaaS, Online advertising |
| Founded | 2006 |
| Headquarters | , |
| Revenue | $58.6 million (2018) |
Number of employees | 500+ |
Marin Software is an online advertising company headquartered in San Francisco. This software company focuses on viewing and promoting advertisements.
Christopher Lien, Wister Walcott, and Joseph Chang founded Marin Software in April 2006. Lien and Walcott are still with the company, with Lien as the Chief Executive Officer and Walcott as Executive Vice President, Product and Technology.
Lien came up with the concept for Marin Software following a brief stint working for an online ad firm in 2005. He realized that search advertisers, especially larger ones, had no viable software for managing their online campaigns. Lien shared his idea with Chang and a former high school classmate, Wister Walcott. Chang had built J. Drew’s website and was a co-worker with Lien at Bluelight.com, Kmart’s eCommerce site, when it launched in 1999. Walcott, who came from software giant Siebel, required a bit more convincing. Alongside Lien, the duo drove up and down California’s Highway 101 in early 2006, interviewing search marketers in Silicon Valley about their experience managing online ads. After a half-dozen interviews, they convinced Walcott that new software was necessary. [1]
In April 2007, Marin Search Marketer made its debut and became commercially available in North America, signing Razorfish, Trouve Media, and ZipRealty. Marin Search Marketer has since become MarinOne. Search, social, and eCommerce are its uses. [2]
Marin Software expanded into the European market with the opening of its UK office in early 2009. [3]
Marin Software shared plans to expand into Asia-Pacific with offices in Singapore and Shanghai in January 2011. This announcement coincided with the announcement of a partnership with Baidu. [4] In June 2011, Marin Software announced its expansion into Australia with the opening of an office in Sydney. [5] The following year, they did the same in Tokyo. [6]
Between 2006 and 2012, Marin raised more than US$100 million in funding. The company reported a revenue of $36M in 2011 and $50M in 2012. [7]
In late 2012, Marin Software's CEO, Chris Lien, remarked to MediaPost that the company would undergo an IPO in 2013. [8] On February 13, 2013, Marin Software filed with the SEC for a $75M initial public offering. [9]
On March 22, 2013, the company went public, selling 7.5M shares at a price of $14 per share, raising $105M at a valuation of $425M. [10] [11]
On September 24, 2014, Marin Software announced the launch of the Marin Audience Marketing Suite. (MAMS). [12] On June 12, 2018, Marin launched MarinOne, its next-generation advertising platform for advertisers and agencies, at SMX Advanced in Seattle.
The following is a list of acquisitions by Marin Software:
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