HomeOther NewsCPX Interactive Continues Record Growth, Looks to Future

CPX Interactive Continues Record Growth, Looks to Future

Published on

CPX Interactive Continues Record Growth, Looks to Future New York, NY, April 23, 2013 –(PR.com)– Digital media company, CPX Interactive, reported today that its revenue growth for the first quarter of 2013 exceeded 100% vs. the first quarter of 2012 and EBITDA for the same period exceeded a 400% growth rate. Looking to leverage the momentum of this growth, the company has retained Waller Capital Partners to explore investment and acquisition opportunities.

CPX Interactive’s healthy 2013 Q1 performance comes on the heels of a strong overall year in 2012, a year that saw annual growth of 40% in revenue. Michael Fleischman, CFO of CPX Interactive, explains the company’s run of increased profits, “CPX continues to demonstrate significant growth vs. the overall digital marketplace. We credit this surge largely to our divisional breakout strategy, which has allowed us to more succinctly describe our value to various players in the online advertising landscape while maintaining a focus on growing our core/legacy offerings.”

CPX has also retained Waller Capital Partners as its exclusive financial advisor to explore strategic alternatives.

CPX CEO, Mike Seiman puts the new relationship with Waller into context this way, “The market continues to shift and we continue to see significant consolidation. Based on our aggressive growth, now seems the right time for CPX to see what capital is available for us so that we can participate in consolidating the space. We have evaluated many bankers and feel Waller arms us with the insights and connections necessary in identifying the most valuable partners.”

CPX has jumped out as the leader in a very active and perpetually evolving industry. It’s rare to find a company like CPX that has never taken any outside capital and that is experiencing profitable revenue growth,” says Sundeep Chanana of Waller Capital.

About CPX Interactive
CPX Interactive is a digital media holding company serving more than 4 billion daily interactive ad impressions globally across display, video and mobile platforms. The company leverages its unparalleled reach to drive success for both clients and proprietary initiatives in three distinct business areas: 1) industry-leading interactive conversion strategies, 2) world class media services performed at scale, and 3) comprehensive supply-side solutions in real-time environments. CPX has been a privately held force in the digital advertising space since the early 2000s.

About Waller Capital Partners
Waller Capital Partners, founded in 1982, is a leading independent investment bank focused on the telecommunications, media and technology sectors. The firm has completed more than 500 transactions totaling over $50 billion in value across TMT industries that include digital media, cable, communications, infrastructure, wireless and broadcasting. Please direct any inquiries to Sundeep Chanana and Brian Stengel.

Latest articles

10 Best Loans for Students

10 Best Loans for Students Loans for students are a necessary evil. Student debt is at an all-time high with this year's debt reaching 1.75 trillion. While, at the same time, the nation-wide average for unemployment has skyrocketed with 6.3 million experiencing joblessness. Thus, finding promising loans with affordable interest rates is more important than ever. Sofi Fixed APR: 2.49%-7.59% Variable APR: 1.74-7.24% Maximum Loan Amount: 100% cost of attendance With a shockingly low fixed rate of 2.49% -7.59%, Sofi is the number one lender at BlogWallet. [...]

Rappers Myron Rainey and Christian Sanders Shot Dead in Ohio (Video)

https://www.theindustry.biz/wp-content/uploads/2024/11/Screenshot_372.pngOver the weekend, a tragic shooting occurred in Shaker Heights, a wealthier neighborhood in...

Who is Kevin O’Leary?

Discover Kevin O'Leary, the renowned Shark Tank investor and business mogul. Learn about his entrepreneurial journey, success strategies, and impact on the business world.

Ex Radio Jock, Stephon Ferguson, Makes Living Imitating Dr. Martin Luther King around the World

KUDOS to a former radio jock for using his radio leverage to create an amazing opportunity for himself. Stephon Ferguson, 48, discovered his amazing ability to emulate one of the greatest leaders of our time Dr. Martin Luther King by chance in the late 90s. Ferguson was mixing a vinyl recording of Martin Luther King Jr.'s famous "I Have a Dream" speech on Motown records with a beat and he was overheard by a friend who came into the room asking if that was him.” Ferguson told ABC News. [...]

How Skillshare Democratized Learning and Created a Global Community of Creators

Discover how Skillshare revolutionized online learning, empowering millions to explore their creativity and learn new skills in a vibrant global community of creators.

The Birth of Native Instruments: How They Changed the Landscape of Digital Music Production

Native Instruments revolutionized digital music production with innovative software and hardware. Discover how this tech pioneer transformed the industry landscape.

Chicago Budget Passes Amid Migrant Spending Chaos (Vidoe)

In a tumultuous session held at Chicago City Hall, the Chicago City Council narrowly...

Entrepreneur Mistakes: Unimportant Interruptions

Do not allow anyone to throw your day off. Nothing like  unimportant interruptions For some odd reason, many people think that black entrepreneurs do nothing but sit around and twiddle our thumbs and wait for money to come in. I guess this is why we get unimportant interruptions during the day? They are really under the impression that because we do what we love we're not working. And part of that is correct, we're not working. But we're always busy and we never sleep. [...]

10 Tips on How to Improve and Make More Money with Your Business

One of the greatest complaints and challenges in business is almost always money. We...

How to Manage Your Business Calendar Automatically with Tech

Discover smart ways to streamline Business Calendar Management using automation tools and tech solutions. Save time and boost productivity with these essential tips.

More like this

How to Improve Your Hiring Process with AI-Based Screening Tools

Discover how AI-Based Hiring Tools can streamline your recruitment process, reduce bias, and help you identify top talent faster while cutting costs and improving hiring outcomes

EBONY MEDIA LAUNCHES EBONY STUDIOS

EBONY Media, the leading voice of the Black American experience committed to "Moving Black Forward," has announced the launch of EBONY Studios, a new all-inclusive full-service production platform that will span categories across film, television, audio & digital programs. EBONY Media Under EBONY's new leadership, EBONY Studios will develop and produce multiplatform premium content that explores the diverse and rich spectrum of Black culture. [...]

Barrington IL Real Estate Firm Announces Buy Out, Acquires New Office

Barrington, IL, March 05, 2013 --(PR.com)-- A local real estate firm has...

About Courteney Cox: the Entrepreneur

Discover Courteney Cox's entrepreneurial ventures beyond acting. From production to beauty, explore how the Friends star has diversified her career in Hollywood.

After Just 14 Months of Operation, Buttons and Bows, Named One of L.A.'s Top Boutiques, is Already on the Move to a Bigger Space

We never thought we’d have to relocate this soon. We’ve only been open for...

WARNER MUSIC GROUP ANNOUNCES PARTNERSHIP & INVESTMENT IN LEADING DIGITAL Fashion COMPANY, DRESSX

Fans Can Wear Digital Fashion Lines Created by WMG's Roster of Artists Warner Music Group today announced a partnership and investment in DRESSX. [...]

Revolutionizing Fitness: How 24 Hour Fitness Became the Ultimate Gym Experience

Discover how 24 Hour Fitness revolutionized the gym industry, offering round-the-clock access, state-of-the-art equipment, and diverse fitness programs for all lifestyles.

mobile_app

GSU Researcher Helps Improve Mental Health Literacy Among Barbers Serving Black Communities

The stigma of mental health is a prevailing issue among African Americans in general and African American men specifically, according to Dr. [...]