Adspace Outsources Network Management

Adrian J Cotterill, Editor-in-Chief

Rumour is that AdSpace Digital Mall Network may have decided to outsource management of their entire digital signage network to Creative Realities Inc (CRI).

CRI is owned by private equity firm Pegasus Capital Advisors. Pegasus of course are also an investor in the new CoolSign.

This is bad news for the AdSpace employees in Emeryville CA (Oakland) who will most probably have been let go.

In a separate, but not unrelated note, we believe that AdSpace is seeking shareholder approval for another round of financing – somewhere between USD3 and USD5 million.

One Response to “Adspace Outsources Network Management”

  1. Null Says:

    This is bad news for Experex who were the last SW vendor in at Adspace.

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