On a day when markets were suffering amid global growth uncertainty, it was refreshing to learn that one company had, indeed, struck it rich.
Thursday, AcuityAds Holdings Inc (TSX-Venture:AT), with headquarters in both Toronto and New York, announced it has signed an existing global Consumer Packaged Goods client to a new $2-million contract to manage the latter’s digital advertising campaigns. The contract will run throughout the rest of this year and Acuity is working directly with the client.
Said CEO Tal Hayek, "We continue to see substantial growth in spend and longer term contracts from our existing clients as we deliver them outstanding (Return on Investment) ROI.
"The increased spend from this long standing client is a testament to the success of our industry-leading technology, and we are seeing the same type of activity from many other accounts. Our pipeline is stronger than it has ever been in the history of our company and we are incredibly excited about what lies ahead in 2019."
Shares in AcuityAds rose 10 cents, or nearly 6%, by Thursday noon ET, to $1.78, on volume topping 102,000 shares.