Marin Software

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Marin Software
Type Public
Traded as NYSE: MRIN
Industry SaaS, Online advertising
Founded 2006
Headquarters San Francisco, California, United States
Employees 450
Website marinsoftware.com

Marin Software is a publicly traded company that provides advertisers and digital marketing agencies a web-based management platform to manage revenue acquisition through online advertising campaigns. Marin Software provides its customers a single application through which customers can manage paid search, display, mobile, and social marketing campaigns.[1]

Ad campaigns, particularly paid search advertising, are rarely restricted to a single search engine or social network site. Rather than having to manage campaigns separately through Google AdWords, Microsoft Bing Ads, Facebook ad manager, etc., Marin Software integrates all of an advertiser’s campaigns into one management and reporting platform.

Currently, over 1,900 companies use Marin Software to manage more than $4 billion of annual marketing spend. Marin Software is the largest third party aggregator of paid search spend in the world.[2] Customers of Marin Software include Razorfish, Neo@Ogilvy, University of Phoenix, Macy's, PriceGrabber, Salesforce.com and Reply.[3]

Headquartered in San Francisco, with offices worldwide, Marin's technology powers marketing campaigns in more than 160 countries.[citation needed]

History

Marin Software was founded in April, 2006 by Christopher Lien, Wister Walcott and Joseph Chang. All three founders are still with the company with Lien as the CEO, Walcott as Executive Vice President of Products and Professional Services, and Chang as Chief Technology Officer.

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 had no viable software for managing their online campaigns, especially larger advertisers. Lien shared his idea with Chang and a former high school classmate, Wister Walcott. Chang had built J.Crew'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, Walcott was convinced that new software was needed.[4]

In April 2007, Marin Search Marketer made its debut and became commercially available in North America, signing Razorfish, Trouvé Media and ZipRealty. Marin Search Marketer has since been renamed Marin Enterprise Edition and is intended for easy and efficient management of large-scale online advertising programs. In March 2011, Marin Software announced the release of Marin Professional Edition, a paid search management application designed for advertisers and agencies spending less than $100,000 per month on paid search.[5]

Marin Software expanded into the European market with the opening of its UK office in early 2009.[6]

Marin Software shared plans to expand into Asia Pacific with offices in Singapore and Shanghai in January 2011, this announcement coinciding with the announcement of a partnership with Baidu.[7] In June 2011, Marin Software announced its expansion into Australia with the opening of an office in Sydney.[8] The following year, they opened an office in Tokyo, Japan.[9]

Marin Software has twelve offices worldwide, its newest office having opened in Portland, Oregon in December of 2012.

Between 2006 and 2012, Marin raised more than $100 million in funding. The company reported revenue of $36 million in 2011 and $50 million in 2012.[10]

In late 2012, Marin Software's CEO, Chris Lien, remarked to MediaPost that the company would undergo an IPO in 2013.[11] On February 13, 2013, Marin Software filed with the SEC for a $75 million initial public offering.[12] On March 22, 2013 the company went public, selling 7.5 Million shares at a price of 14 Dollars per share, raising $105 million at a valuation of $425 million.[13][14]

Funding

  • Marin Software raised $105M in its IPO – March 22, 2013 [15]
  • Marin Software received $30M in Series F funding (Temasek, Benchmark Capital, Crosslink Capital, DAG Ventures, SAP Ventures, and Triangle Peak Partners) – February 13, 2012 [16]
  • Marin Software received $16M in Series E funding (Crosslink Capital, DAG Ventures, Focus Ventures, Benchmark Capital, and Triangle Peak Partners) – April 5, 2011[17]
  • Marin Software received $11.2M in Series D funding (Amicus Capital, Benchmark Capital, DAG Ventures, Focus Ventures, and Triangle Peak Partners) – June 2, 2010[18]
  • Marin Software received $13M in Series C funding (Amicus Capital, Benchmark Capital, DAG Ventures, and Focus Ventures) – April 28, 2009[19]
  • Marin Software received $7.25M in Series B funding (Benchmark Capital and Amicus Capital) – April 9, 2008[20]
  • Marin Software received $2.5M in Series A funding (Amicus Capital) – October 5, 2006[21]

Awards

Marin Software has been recognized with several industry and community awards, including:

  • eTail Rising Star Winner, Service Technology, 2012[22]
  • Inc 500, Ranked #287 - Top 500 Private Companies, Ranked #26 - Software Companies, 2012[23]
  • Wall Street Journal, Top 50 Startups in America 2012[24]
  • European Search Awards Winner, Best PPC Management Software, 2012[25]
  • Lead411 Hottest Company Winner, 2012[26]
  • Red Herring Global Winner, 2011[27]
  • UK Search Awards Winner, Best PPC Management Software, 2011[28]
  • Lead411 Hottest Company Winner, 2011[29]
  • AlwaysOn OnDemand Top 100 Winner, 2011[30]
  • AlwaysOn OnMedia Top 100 Winner, 2011[31]
  • San Francisco Business Times 2011 Tech and Innovation Awards, Best Advertising or Marketing Company[32]
  • AlwaysOn OnMedia Top 100 Winner, 2010[33]
  • AlwaysOn OnDemand Top 100 Winner, 2010[34]
  • Lead411 Hottest Company Winner, 2010[35]
  • San Francisco Business Times, Best Places to Work in the Bay Area Winner, 2010[36]
  • AlwaysOn Global 250 winner, 2008
  • ClickZ Marketing Excellence Award, Search Ad Management Winner, 2008[37]

References

  1. ↑ "Crunchbase," April 23, 2011, "http://www.crunchbase.com/company/marin-software"
  2. ↑ "PRWeb", July 1, 2010, "http://www.prweb.com/releases/2010/07/prweb4214884.htm"
  3. ↑ Patrick Hoge, "San Francisco Business Times", March 4, 2011, "http://www.bizjournals.com/sanfrancisco/print-edition/2011/03/04/marin-software-thinks-big.html"
  4. ↑ Fortune, November 16, 2012, "http://tech.fortune.cnn.com/2012/11/16/a-tech-advertising-behemoth-in-the-making/"
  5. ↑ InternetRetailer, March 22, 2011, "https://www.internetretailer.com/2011/03/21/marin-software-announces-new-offering-paid-search-advertisers"
  6. ↑ Luan Goldie, "NewMediaAge", March 27, 2009, "http://www.nma.co.uk/news/marin-software-opens-first-london-office/42012.article"
  7. ↑ Laurie Sullivan, "Media Post", January 20, 2011, "http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=143293"
  8. ↑ VentureBeat, June 16, 2011, "http://venturebeatprofiles.com/news/view/marin-software?article=408583"
  9. ↑ Marketing Insights Blog, November 13, 2012, "http://insights.marinsoftware.com/marin-software/marin-software-adtech-tokyo-and-new-tokyo-office/
  10. ↑ Fortune, November 16, 2012, "http://tech.fortune.cnn.com/2012/11/16/a-tech-advertising-behemoth-in-the-making/"
  11. ↑ MediaPost, December 27, 2012, "http://www.mediapost.com/publications/article/189941/marin-to-file-ipo-in-2013.html#axzz2JPcBoPL2"
  12. ↑ Forbes, February 13, 2013, "http://www.forbes.com/sites/ericsavitz/2013/02/13/marin-software-files-ipo/"
  13. ↑ "Wall Street Journal" March 22, 2013, "http://online.wsj.com/article/BT-CO-20130322-707445.html"
  14. ↑ Lunden, Ingrid (March 22, 2013). "Ad-Tech Specialist Marin Software Raises $105M In IPO As Shares Pop 40%, But Now Under $18". TechCrunch. 
  15. ↑ "Wall Street Journal" March 22, 2013, "http://online.wsj.com/article/BT-CO-20130322-707445.html"
  16. ↑ Bill Siwicki, "Internet Retailer", February 13, 2012, "http://www.internetretailer.com/2012/02/13/marin-software-raises-30-million-venture-funding"
  17. ↑ Leena Rao, "TechCrunch", April 5, 2011, "http://techcrunch.com/2011/04/05/marin-software-raises-16-million-for-paid-search-management-platform/"
  18. ↑ Leena Rao, "TechCrunch", June 2, 2010, "http://techcrunch.com/2010/06/02/marin-raises-another-11-2-million-for-search-engine-management-software/"
  19. ↑ xconomy, April 28, 2009, "http://www.xconomy.com/san-francisco/2009/04/28/marin-software-receives-13000000-series-c-financing-round/"
  20. ↑ Deal Book, "New York Times", April 7, 2008, "http://dealbook.nytimes.com/2008/04/07/benchmark-leads-series-b-for-marin-software/"
  21. ↑ Leena Rao, "TechCrunch", April 27, 2009, " http://techcrunch.com/2009/04/27/marin-raises-13-million-for-search-engine-optimization-software/"
  22. ↑ Marin Software, January 28, 2013, http://www.marinsoftware.com/about-us/awards"
  23. ↑ Marin Software, January 28, 2013, http://www.marinsoftware.com/about-us/awards"
  24. ↑ Marin Software, September 28, 2012, http://www.marinsoftware.com/resources/news/marin-software-named-to-wall-street-journal-list-of-the-top-50-startups-in-america"
  25. ↑ Marketing Insights Blog, July 9, 2012, http://insights.marinsoftware.com/marin-software/marin-wins-best-ppc-management-software/"
  26. ↑ Lead411, February 21, 2012, "http://www.lead411.com/awards/2012/san-francisco.html"
  27. ↑ Marin Software, December 13, 2011, http://www.marinsoftware.com/resources/news/marin-software-wins-red-herring-global-top-100-award"
  28. ↑ Business Wire, November 10, 2011, http://www.businesswire.com/news/home/20111109006889/en/Marin-Software-Announced-PPC-Management-Software-UK"
  29. ↑ Lead411, March 1, 2011, "http://www.lead411.com/awards/2011/san-francisco.html"
  30. ↑ AlwaysOn, March 30, 2011, "http://www.aonetwork.com/AOStory/Announcing-2011-OnDemand-100-Top-Private-Companies"
  31. ↑ Tony Perkins, "AlwaysOn", February 3, 2011, "http://www.aonetwork.com/AOStory/Announcing-2011-OnMedia-100-Top-Private-Companies?mkt_tok=3RkMMJWWfF9wsRonv67LZKXonjHpfsX77eQvUaGg38431UFwdcjKPmjr1YQAS9QhcOuuEwcWGog8wQBPG%2FmGc45O%2F%2BFKBFO5"
  32. ↑ San Francisco Business Times, May 20, 2011, "http://www.bizjournals.com/sanfrancisco/news/2011/05/20/tech-innovation-awards-winners.html?page=all"
  33. ↑ AlwaysOn, December 17, 2010, "http://www.aonetwork.com/AOStory/OnMedia-Top-100-Company-Competition"
  34. ↑ AlwaysOn, May 22, 2010, "http://aonetwork.com/2010/OnDemand-Top-100-Competiton"
  35. ↑ Lead411, May 18, 2010, "http://www.lead411.com/san-francisco-companies.html"
  36. ↑ TMCnet, April 30, 2010, "http://www.tmcnet.com/usubmit/2010/04/30/4760842.htm"
  37. ↑ ClickZ, "http://www.clickz.com/static/awards-winners#2008"

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