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Mike Shehan | |
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Nationality | American |
Education | Vanderbilt University |
Occupation | Businessman |
Known for | Co-founder and CEO of SpotX |
Mike Shehan is co-founder and CEO of SpotX.
In 1996, Mike Shehan founded his first company called LOGEX International, LLC, a provider of e-commerce solutions focused on the retail and catalog industries. [1]
LOGEX was eventually sold to AppNet where Shehan served as President of its two fastest-growing divisions, e-Commerce Solutions and Outsourcing Services. [1]
Shehan launched his second venture, Ereo, a search engine for images in 2000. [1]
In 2001, Shehan co-founded Booyah Networks, Inc., an image-enhanced pay-per-click search engine platform. In 2006, Booyah was 23rd on the list of the 500 fastest-growing companies in the US. In 2007, Shehan realigned the business into a search engine marketing agency and targeted video advertising as his next endeavor. [2]
In 2007, Mike co-founded the video advertising platform SpotXchange, [3] which was renamed SpotX in 2015. [3] Today, SpotX is the leading global video advertising platform shaping digital video and the future of TV. [3]
European broadcast firm RTL Group bought two-thirds of SpotX, for $144 million and then purchased the rest of the company for $145 million in a deal that valued SpotX at $404 million. [4]
In 2021, SpotX was acquired by Magnite, Inc., the world’s largest independent sell-side advertising platform for $1.17 Billion. [5]
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