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FEB 04, 2013 - Business Insider

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It's Time For More Tiny Ad Tech Companies To Die, Says Luma Partners

The ad tech industry is still too crowded, says boutique investment bank Luma Partners in a new post. More "marginal companies" in ad tech need to die, or get acquired, it says. Luma is led by Terry Kawaja, an ad tech industry icon in New York. Luma produces graphics that detail the convoluted state of the ad tech industry. Its main trade is figuring out who's buying who and then consulting companies involved in the acquisitions. Years ago Kawaja expected the ad tech business to be radically altered by M&A and failure. So far, neither has happened on the scale he expected. Today, he's ... Read More

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