Country for PR: United States
Contributor: PR Newswire New York
Wednesday, August 03 2022 - 22:00
AsiaNet
mParticle acquires AI startup Vidora to help teams augment customer profiles and improve their marketing stacks
NEW YORK, Aug. 3, 2022 /PRNewswire-Asianet/ --

   -The combined offering improves the value of customer engagement and 
    analytics tools with predictive and prescriptive AI modeling capabilities.

mParticle, a leader in customer data infrastructure, announced today that it 
has acquired Vidora, an AI personalization platform for customer data. With the 
acquisition, teams can now easily create and deploy models across mParticle's 
partner ecosystem of 300+ API integrations to improve decisioning, 
segmentation, and personalization. The benefits of the combined offering 
include:

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Logo - https://mma.prnewswire.com/media/1471487/mParticle_Logo.jpg

   1.Enhanced utilization of marketing and analytics tools. The power of AI 
     means teams are able to get more value from their existing systems – 
making 
     them smarter and improving customer engagement holistically.
   2.Improved conversion and ROI at scale. Teams can easily build and deploy 
     user scores for next-best-action and next-best-offer across their digital 
     properties and marketing channels to maximize conversions and ROI.
   3.Predictive audience segmentation. Teams can easily create lookalike 
     audiences, automate goal seeking audiences, and deploy predictive uplift 
     models to increase engagement and ROI, at scale.

This is mParticle's second acquisition in the last seven months, and with it, 
marketers are able to create the most relevant, personalized experiences across 
any channel, without needing data engineering expertise. Teams are able to 
enhance customer context with AI, creating rich attributes around predicted 
spend, churn risk, next-best-action, most likely next purchase, and more. These 
attributes are made available and actionable in real-time to any of the 300+ 
partners in the mParticle ecosystem.

"Teams need to do more with less and we believe that begins by doing better 
with data," said mParticle CEO Michael Katz. "By incorporating AI into the data 
layer, teams can improve the value they get out of their customer data, their 
data pipelines, and their customer engagement toolset. The end result is 
unmatched performance without sacrificing scale."

"The world is quickly changing. A first-party data strategy is now more 
important than ever. And AI should be at the core," said Vidora CEO Alex Holub. 
"When we started Vidora, we were fanatical about making AI models accessible 
and self-service for business users. We couldn't be more excited to join forces 
with mParticle to expand our impact and help the world's most innovative brands 
deliver the best customer experiences with data and AI."

In addition to integrating Vidora's proprietary technology, mParticle will be 
adding Vidora's team, led by Vidora CEO Alex Holub. Terms of the deal are not 
being disclosed at this time.

Learn more about the deal and how teams can use AI to supercharge their 
marketing stacks here: https://www.mparticle.com/blog/mparticle-acquires-vidora

About mParticle

mParticle makes it easy to holistically manage customer data along the entire 
product and customer lifecycle. Teams across companies like Restaurant Brands 
International, NBCUniversal, JetBlue, Venmo, and Airbnb use mParticle to 
deliver great customer experiences and accelerate growth by solving the 
foundational challenges that impede success at scale. mParticle announced a 
$150M fundraise in October 2021 led by Permira on the heels of strong growth 
and product innovation. Founded in 2013, mParticle is headquartered in New York 
City with employees around the globe. For more information, visit 
https://www.mparticle.com.

About Vidora

Vidora offers an industry-leading real-time AI personalization platform which 
focuses on customer data. Vidora's platform, Cortex, empowers businesses to 
quickly integrate machine learning into their marketing, ad-tech, and product 
workflows. The platform enables hundreds of use cases with a few clicks, 
including predictions, prescriptions like uplift modeling, recommendations, 
look-alikes, next-best-action, and dynamic decisioning. For more information, 
visit https://www.vidora.com/.

CONTACT: Carrie Sams, carrie@firecrackerpr.com, Firecracker PR, 1-888-317-4687 
ext. 703

SOURCE  mParticle
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