Quotient Launches Digital Out-of-Home Platform for Retailers
August 10 2023 - 7:00AM
Business Wire
Comprehensive white-label solution allows
retailers to offer brands and advertisers end-to-end planning,
activation and measurement to reach high-intent consumers in the
physical world
Quotient (NYSE: QUOT), a leading digital promotions and media
technology company, today announced the launch of its white-label
digital out-of-home (DOOH) offering, a platform that empowers
retailers across all channels and sizes to directly access and sell
DOOH as a complement to their retail media offerings.
With roughly 80% of consumer transactions still occurring in the
physical store, Quotient’s award-winning, location-based DOOH
demand-side platform (DSP) presents an opportunity for retailers
and brands to digitize the in-store purchase journey and
programmatically reach high-intent shoppers during the path to
purchase.
This new white-label solution enables retailers to integrate
their first-party data with Quotient’s proprietary location-based
intelligence and media measurement to identify the digital screens
most likely to reach target consumers to increase store visits and
sales. This helps retailers work with brands to plan and optimize
their DOOH campaigns more effectively and make audience-based,
data-driven decisions to achieve the best possible outcomes,
including return on ad spend (ROAS).
“Amid price pressures and the struggle to maintain customer
loyalty, retailers need solutions to empower brands to target the
right consumers in the right place with the right message,” said
Jeff Williams, Chief Retail Officer at Quotient. “Our DOOH tools
have a proven track record of success in helping retailers drive
increased traffic and CPG brands achieve higher conversion rates
and return on ad spend. We look forward to helping these companies
grow their businesses and strengthen their relationships with
consumers.”
According to eMarketer, DOOH advertising spend is expected to
grow by 15% by 2025 and jump to 22% by 2026. Retailers, brands and
marketing agencies recognize the power of DOOH to engage diverse
audiences and more difficult-to-reach consumers, leading to
increased investment in the channel. With access to over 580,000
screens and 150 million mobile devices, Quotient’s DOOH DSP allows
for planning and targeting to programmatically reach consumers on
digital screens wherever they are and wherever they shop. Retailers
can capitalize on this demand by integrating DOOH into their retail
media networks.
To further understand Quotient’s DOOH platform or to request a
demo, please contact hello@quotient.com.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as
amended and the Private Securities Litigation Reform Act of 1995.
Forward-looking statements provide current expectations of future
events based on certain assumptions and include any statement that
does not directly relate to any historical or current fact. Actual
results may differ significantly from expectations due to various
risks and uncertainties including, but not limited to, Quotient’s
DOOH offering being effective in programmatically reaching
high-intent consumers, Quotient’s ability to help drive increased
traffic for retailers and achieve higher conversion rates and
return on ad spend for CPG brands and thereby respectively helping
retailers grow their businesses and CPG’s strengthen their
relationships with customers, the growth of DOOH advertising spend
by 2025 and 2026, and the factors described in the Risk Factors
section of Quotient’s most recently filed Annual Report on Form
10-K for the year ended December 31, 2022 filed with the SEC on
March 16, 2023, as amended on April 28, 2023, and as from time to
time updated in Quotient’s Quarterly Reports on Form 10-Q. These
documents are available in the “SEC Filings” section of Quotient’s
Investor Relations website at https://investors.quotient.com. You
are cautioned not to place undue reliance on Quotient’s
forward-looking statements, which speak only as of the date of this
communication. Except as required by law, the Company undertakes no
obligation to update any forward-looking statement to reflect
events, new information or circumstances occurring after the date
of this communication.
About Quotient
Quotient Technology (NYSE: QUOT) is a leading digital promotions
and media technology company for advertisers, retailers and
consumers. Quotient’s omnichannel platform is powered by exclusive
consumer spending data, location intelligence and purchase intent
data to reach millions of shoppers daily and deliver measurable,
incremental sales.
Quotient partners with leading advertisers, publishers and
retailers, including Clorox, Procter & Gamble, Unilever, CVS,
Dollar General, Ahold Delhaize USA, Amazon and Microsoft. Quotient
is headquartered in Salt Lake City, Utah, and has offices across
the U.S. as well as in Bangalore, Paris, London and Tel Aviv. For
more information visit www.quotient.com.
Quotient and the Quotient logo are trademarks or registered
trademarks of Quotient Technology Inc. and its subsidiaries in the
United States and other countries. Other marks are the property of
their respective owners.
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5W Public Relations on behalf of Quotient Sarah Shaev
quotient@5wpr.com
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