Publicis Groupe has announced the acquisition of CitrusAd, a SaaS platform that optimizes advertising for brands directly within retailer websites, as it moves deep into retail media.
Terms of the deal were not disclosed, but CitrusAd is an Australian-based company founded in 2017 and has a team of 130 engineers and retail media experts.
Publicis said it will operate as a freestanding business within its Epsilon division.
The companies said more than 50% of CitrusAd’s activity is in the U.S. marketplace, and that it currently has a footprint across 22 countries.
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