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Vdopia Named a TiE50 Award Winner
May 12, 2010 (05:05 PM EDT)
The holding company for the mobile ad network and platform iVdopia
Tagged as one of the 50 most enterprising companies in a field of nearly 4,000 nominees
SAN JOSE, Calif., May 12 /PRNewswire/ -- Vdopia (www.vdopia.com), the groundbreaking advertising technology company behind mobile advertising leader iVdopia (www.ivdopia.com), has been named one of the 50 winners of the prestigious TiE50 Award for its innovation, ingenuity, strong management team and quality of ideas.
TiE, the organizer of TiEcon 2010, the world's largest conference for entrepreneurs, announced the winners chosen from a field of nearly 4,000 applicants, which received close to 100,000 votes in the selection process. The recipients represent the companies in five sectors driving today's economy: BioSciences, Cleantech, Internet, Software and Wireless. The TiE50 Award winners will be showcased at TiEcon 2010 at the Santa Clara Convention Center on May 14-15.
"Our team is honored to receive this recognition, which acknowledges the innovation and pioneering drive behind the company," said Chhavi Upadhyay, Chief Operating Officer of Vdopia and iVdopia. "We have to develop new ways of serving customers in mobile and online advertising to stay ahead, and this award is a nod to the hard work and the breakthroughs we have achieved."
iVdopia has introduced a succession of innovations in mobile advertising that have secured its place as the leader in the field, from the first mobile ads that let users stay within the application to the first social media ads for mobile to the first high-def ads for the iPad. As the fastest-growing video and rich media ad network, iVdopia has delivered to publishers mobile video ads with a click-through rate that's four to five times greater than online banner ads. iVdopia's ongoing innovations, such as the high-def ads for the iPad, highlight the company's talent for developing breakthrough video advertising solutions that optimize the capabilities of the most advanced mobile devices.
Since receiving their award, the 2009 TiE50 winners have collectively raised more than $2B in funding. Intuit acquired 2009 TiE50 recipient Mint.com for $170 million in cash and Iron Mountain purchased TiE50 winner Mimosa Systems for $112 million in cash.
"We're exceedingly grateful to receive this illustrious award," said Vdopia and iVdopia Chief Business Officer Saurabh Bhatia. "In light of our numerous product launches and consistent growth, it's very flattering to have an organization as respected as TiE to name us among the best in entrepreneurship, to describe us as role models and to acknowledge our passion and track record for innovation."
About TiEcon2010 and TiE50
TiEcon is TiE's premier annual event and is the largest convention in the world dedicated to entrepreneurs. TiE is a global, not-for-profit, non-political, and non-religious organization dedicated to fostering entrepreneurs across its international network. Since its founding in 1992, TiE has grown to become the world's largest organization for entrepreneurs and professionals, with membership spread across 54 chapters in 13 countries. Membership includes over 1,800 experienced entrepreneurs and business executives as Charter Members, and over 12,000 global members.
iVdopia is the advanced mobile advertising platform and network, pioneering rich media and video advertising on smartphones, including Pre-App video and social networking options on smart mobile devices, and high-definition video ads for the iPad. iVdopia's brand-centric mobile advertising network and platform is used by top developers and brands such as Coca-Cola, Universal Studios, Warner Brothers and Miller Lite to deliver premium advertising campaigns.
The holding company Vdopia Inc. is the fastest growing, venture-funded advertising technology company focused exclusively on premium audiences in the world. The privately held, venture-backed company is headquartered in Silicon Valley and has offices in San Jose and Los Angeles, CA, New York, NY, Chicago, IL, and Gurgaon and Mumbai, India.