UPDATED 14:54 EDT / APRIL 15 2011

Millennial Media to Double Staff as it Heads to an IPO

Today we’ve learned that Millennial Media, the largest remaining independent mobile ad network, will grow its staff by nearly 50 percent. This will involve the hiring of about 60 new staff members by the end of the year, and comes as the ad network is gradually moving towards an initial public offering.

“Millennial Media is growing toward a planned initial public offering, taking over a second floor of the Can Company’s Signature Building in Canton and adding staff.”

Millennial’s CEO Paul Palmieri said the company has subleased about 14,000 square feet at that location from online hotel-booking company TravelClick.

We’ve had additional Millennial Media developments too this week, when the company released its monthly Mobile Mix report for March 2011. Millennial’s findings reveal Android is still the number one mobile platform in terms of ad impressions, but IOS is leading the charge with the most app revenue. Android as well as iOS, Blackberry and tablets have seen a great deal of month-to-month growth. Millennial Media’s previous report also had some interesting highlights, especially around location-based marketing and rich media – two of the fastest growing areas in the entire online marketing segment.

Indeed, marketers are finding more and more innovative ways to get to users via the mobile devices, and Motricity is looking to join the club. The company just finalized the $100 million acquisition of mobile advertising company Adenyo. The final price tag, which may even exceed the original $100 million stated by Motricity has not been announced.

Going back to the hiring front, Millennial Media is not the only one who have been adding some extra volume to its staff lately. Another example of an accelerating company boosted by a growing industry and market share is Juniper Networks, who has also been doing some hiring lately.


A message from John Furrier, co-founder of SiliconANGLE:

Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.

  • 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
  • 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.

Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.