Altitude Digital recently received another $30 million in funding from FastPay Partners to expand internationally, invest in data centers and push heavily into mobile video advertising—The Denver Post reports.
“We’re doing mobile right now, but we’re going to really be jumping in with both feet and building bigger, better and faster technology around mobile,” said Jeremy Ostermiller, CEO and Founder.
With $60 million in revenues last year, we plan to hire around 100 people this year, effectively doubling our staff. Additionally, we are looking to acquire competitors overseas or commit to building out European operations by the third quarter of this year.
“About 20 percent of our revenue comes from international advertising, but 30 percent of our traffic is international,” says Ostermiller.
Read the full article here.