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Telstra adds one million mobile services, but Sensis plummets

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Microsoft furthers advertising assault with Navic acquisition

IT Industry - Strategy

Estimates of the size of the global online advertising market vary, but it is thought to be in the region of $US45 billion.

"Television media represents the largest percentage of advertisers and agencies' media budget today," said Brian McAndrews, senior vice president of the advertiser and publisher solutions group at Microsoft.

"Together, Navic and Microsoft will deliver addressable television advertising solutions to help our partners better manage media spend by increasing advertiser reach and ROI, and maximizing publisher yield on television advertising."

Navic Networks CEO Chet Kanojia said "Viewers across North America are engaging with relevant advertising and interacting with their TVs in ways never before possible. Joining forces with Microsoft will enable our common vision of addressable television advertising solutions to continue to flourish and better meet the needs of our industry partners."

Terms of the acquisition were not announced.

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