TORONTO – AcuityAds Holdings Inc. (TSX:AT, Nasdaq: ATY), a technology leader that provides targeted digital media solutions enabling advertisers to connect intelligently with audiences across advertising channels, today provided an update on its previously disclosed cash deposits with Silicon Valley Bank (SVB). The Company is pleased to report that all monies mentioned in its press release dated March 10, 2023, have been recovered from SVB and are currently on account at a Canadian Schedule I bank.
“I want to thank our team for working tirelessly around the clock this weekend to ensure we had no operational interruptions with our clients, vendors or employees,” said Tal Hayek, Co-Founder and Chief Executive Officer of AcuityAds. “After reporting strong fourth quarter 2022 results on the back of tremendous illumin momentum, we can now turn our attention back to growing our business and continuing to increase our market share.”
AcuityAds is a leading Journey Advertising technology company that empowers marketers to make smarter decisions about targeting and communicating with online consumers. Its journey advertising platform, illumin™, offers media planning, buying and real-time intelligence from a single platform. With proprietary Artificial Intelligence, illumin™ brings unique programmatic capabilities to connect the consumer journey and help marketers understand a consumer’s true value to their brand. The Company brings an integrated ecosystem of privacy-protected data, inventory, brand safety and fraud prevention partners, offering trusted solutions with proven, above benchmark outcomes for the most demanding marketers.
AcuityAds is headquartered in Toronto with offices throughout Canada, the U.S., Europe and Latin America.