IgnitionOne is shutting down. Read the letter its CEO sent to shareholders about what happened to one of adtech's oldest companies.
One of the oldest names in adtech, IgnitionOne, will shut down after selling off its assets in two transactions that were finalized on November 19, the CEO wrote in a note to shareholders. The 15-year-old company, which raised $85.2 million since 2013, has recently shed its head count, and a former investment firm and two other adtech companies say it owes them money.
Netmining/IgnitionOne Bankruptcy Payments Being Withheld?
Just got an official email from one of our SSPs that since IgnitionOne shut down, they never got paid and are withholding that revenue retroactively from July 2019. That amounts to 50% of our upcoming payment -- happy fucking holidays! First Sizmek, now this.