New York, NY, April 23, 2013 –(PR.com)– Digital media company, CPX Interactive, reported today that its revenue growth for the first quarter of 2013 exceeded 100% vs. the first quarter of 2012 and EBITDA for the same period exceeded a 400% growth rate. Looking to leverage the momentum of this growth, the company has retained Waller Capital Partners to explore investment and acquisition opportunities.
CPX Interactive’s healthy 2013 Q1 performance comes on the heels of a strong overall year in 2012, a year that saw annual growth of 40% in revenue. Michael Fleischman, CFO of CPX Interactive, explains the company’s run of increased profits, “CPX continues to demonstrate significant growth vs. the overall digital marketplace. We credit this surge largely to our divisional breakout strategy, which has allowed us to more succinctly describe our value to various players in the online advertising landscape while maintaining a focus on growing our core/legacy offerings.”
CPX has also retained Waller Capital Partners as its exclusive financial advisor to explore strategic alternatives.
CPX CEO, Mike Seiman puts the new relationship with Waller into context this way, “The market continues to shift and we continue to see significant consolidation. Based on our aggressive growth, now seems the right time for CPX to see what capital is available for us so that we can participate in consolidating the space. We have evaluated many bankers and feel Waller arms us with the insights and connections necessary in identifying the most valuable partners.”
“CPX has jumped out as the leader in a very active and perpetually evolving industry. It’s rare to find a company like CPX that has never taken any outside capital and that is experiencing profitable revenue growth,” says Sundeep Chanana of Waller Capital.
About CPX Interactive
CPX Interactive is a digital media holding company serving more than 4 billion daily interactive ad impressions globally across display, video and mobile platforms. The company leverages its unparalleled reach to drive success for both clients and proprietary initiatives in three distinct business areas: 1) industry-leading interactive conversion strategies, 2) world class media services performed at scale, and 3) comprehensive supply-side solutions in real-time environments. CPX has been a privately held force in the digital advertising space since the early 2000s.
About Waller Capital Partners
Waller Capital Partners, founded in 1982, is a leading independent investment bank focused on the telecommunications, media and technology sectors. The firm has completed more than 500 transactions totaling over $50 billion in value across TMT industries that include digital media, cable, communications, infrastructure, wireless and broadcasting. Please direct any inquiries to Sundeep Chanana and Brian Stengel.