Silicon Valley Unicorn takes over a UK-based eCommerce startup
Scott Weavers-Wright, Elevaate founder and CEO will now have to venture other spaces as Quotient Technology has taken over Elevaate.
Silicon Valley intends to utilize the startup’s revenue-driving platform for search and sponsored product ads in its website as part of the campaign to expand its eCommerce bottom line.
Elevaate is a platform that drives online sales through sponsored search & product ads around the internet and on merchants’ properties.
For the first time, Quotient is making a UK acquisition in a move that will allow it to assist its retailer associates to increase eCommerce media and sales. The buyout is a calculated move particularly now that online shopping rates are shooting.
Elevaate specializes in tying a brand’s product ads to matching placements all through the eCommerce buying process with the help of multiple algorithms, rich analytics and flexible request models.
Scott Weavers-Wright will now abandon Elevaate to focus on …