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Adspace Outsources Network Management

Rumour is that AdSpace Digital Mall Network [1] may have decided to outsource management of their entire digital signage network to Creative Realities Inc [2] (CRI).

CRI is owned by private equity firm Pegasus Capital Advisors. Pegasus of course are also an investor in the new CoolSign [3].

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.

1 Comment (Open | Close)

1 Comment To "Adspace Outsources Network Management"

#1 Comment By Null On 5 February 2009 @ 20:42 @904

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