Computers and artificial intelligence have come along at an exponential rate over the past few decades, from being regarded as oversized adding machines to the point where they have played integral roles in some legitimately creative endeavours.
Oracle has hit the acquisitions trail again, purchasing media measurement and verification company, Moat, in order to shore up its position as a data and measurement provider.
In a statement, Oracle said Moat will remain an independent platform within the Oracle Data Cloud, and brings data and analytics capabilities aimed at enhancing media buying for marketers and publishers. The acquisition is being seen as a further step forward in Oracle’s quest to provide holistic data and analytics capabilities to the media and marketing sectors.
Under the terms of the deal, Moat’s entire team will join the Oracle Data Cloud division. Financial terms were not disclosed.
Moat is a third-party ad verification firm that’s experienced rapid growth in the past year, growing its attention analytics business by more than 100 per cent year-on-year, and servicing more than 600 publishers, brands and agency clients. The list of brands includes Nestle, Procter and Gamble and Unilever, while publishers include ESPN, Facebook, Snapchat and YouTube.
The technology platform is also being used by media agency giant, GroupM, as part of its efforts to ensure clients 100 per cent ad viewability as well as brand safety and combatting ad fraud.
“I am thrilled to welcome CEO, Jonah Goodhart, and the entire Moat team to Oracle Data Cloud,” said Oracle’s SVP and GM of Oracle Data Cloud, Eric Roza. “With the Moat acquisition, Oracle Data Cloud now offers brands and publishers a full suite of targeting and measurement solutions to improve the outcome of virtually every type of digital advertising campaign.”
Goodhart said the team from Moat joins Oracle “with enthusiasm”. “When Oracle approached us about working together, we began to see the huge potential to jointly drive innovation,” he said.
“At our core, we believe there is an opportunity to fundamentally improve marketing and storytelling by brands and publishers through better data and analytics.”
Oracle said it’s now reviewing Moat’s product roadmap and hoped to provide further information to customers shortly, but also stressed it plans to continue to invest in the offering.
Raab & Associates principal, David Raab, saw Moat as a good addition to the Oracle Data Cloud, giving it a toehold in many new accounts and adding a type of measurement that is in increasing demand.
"Oracle isn’t a media provider like Google, so there’s no conflict with Moat’s role as an independent verification vendor," he told CMO. "This also gives Oracle a new way to compete with Adobe Analytics – in fact, it probably outflanks Adobe since Moat does both Web and ad analytics, while Adobe is primarily Web analytics.
"That said, I don’t see a huge impact on either Moat or Oracle: Each gets a bit of additional exposure to potential clients, but are already well established, so it won’t expand either business overnight."
Pund-IT principal, Charles King, said the deal was potentially more significant for Moat. "Being acquired by a major vendor with deep ties to enterprise clients should open new doors for Core. If Core is fully allowed the independence stated in the Oracle press release, its employees and management should have numerous opportunities to shine."
Overall, King labelled the deal as complementary to other Oracle marketing/ad services but an incremental improvement, "not a game changer".
"Moat's broad suite of targeting and measurement solutions for enhancing
digital campaigns enhances Oracle's advertising/marketing services, and
also deepens the company's data cloud services portfolio. As a result,
Oracle should be able to go head-to-head more effectively against
enterprise cloud leaders, including IBM," he added.