Jeff Bezos, founder and chief executive officer of Amazon.com Inc., listens during an Economic Club of Washington discussion in Washington, D.C., U.S., on Thursday, Sept. 13, 2018.
Andrew Harrer | Bloomberg | Getty Images
Amazon has agreed to buy part of ad tech company Sizmek, including its ad server. Amazon announced the deal Friday.
In a blog post announcing the deal, Amazon said it agreed to buy Sizmek Ad Server and Sizmek Dynamic Creative Optimization, which is a tool that helps personalize ads using data. Amazon said its own advertising unit, Amazon Advertising, and Sizmek “have many mutual customers.” The two Sizmek units will operate separately from Amazon Advertising for the time being.
Sizmek filed for Chapter 11 bankruptcy in March. In a voluntary petition filing, the company estimated its assets at between $100 million and $500 million. The company said in a press release on March 29 it was aggressively seeking to access its existing cash, and “intends to fully resume normal-course operations as soon as possible.”
In April, Zeta Global said it had agreed to buy Sizmek’s data management and demand-side platforms for up to $36 million. Sizmek also owns Peer39, which provides contextual targeting tools.
Amazon did not say how much it spent for Sizmek’s assets.
This story is developing.