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Barely two months after naming a new CEO, Cambridge-based Jumptap Inc. has landed a strategic investment and an exclusive business partnership with Japan’s cyber communications inc.
While officials wouldn’t put a specific value on the investment amount, Jorey Ramer, Jumptap’s founder and vice president of corporate development said via e-mail that it was a “seven figure investment, which strengthens the relationship between the two companies.”
The business deal call for cci to be the exclusive partner for Jumptap technology in Japan. According to officials, cci will integrate Jumptap’s mobile ad targeting technology with its own ad network, called ADJUST.
In September, Jumptap replaced long-time CEO Dan Olschwang with George Bell, a former managing director of Jumptap backer General Catalyst. Bell was also named to the Jumptap board of directors, and Olschwang will keep his seat on the board. Bell said in a release that the new cci deal “...is a leap forward for Jumptap’s global market presence.”
Including cci, Jumptap’s investors are AllianceBernstein, General Catalyst, Redpoint Ventures, Summerhill Ventures, Valhalla Partners and WPP. Founded in 2004, Jumptap raised $26 million in a Series D round of funding in August 2008, bringing the amount raised by the company to approximately $76 million, prior to the cci investment. Jumptap provides a mobile search and advertising platform aimed at helping subscribers find mobile-centric information on their cell phones, and carriers generate traffic.
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