Published: April 14, 2011
RichRelevance Takes Home ad:tech Innovation Award for Shopper Marketing
SAN FRANCISCO - (BUSINESS WIRE) - RichRelevance, the leading provider of dynamic e-commerce
personalization for the world's largest retailers, today announced that
it has won the 2011 ad:tech Innovation Award in the Shopper Marketing
category. The award was presented to RichRelevance CEO David Selinger at
the ad:tech San Francisco conference yesterday, following Selinger's
presentation on Shopping Media and the future of Shopper Marketing at
the ad:tech
San Francisco Startup Spotlight. Selinger's session demonstrated how
Shopping Media and RichRelevance's enRICH for Brands can deliver
superior results for CPG ad campaigns on leading retail web sites
including Target, Sears and Overstock.com. In a live walk-through,
Selinger showed how a hypothetical $500,000 ad campaign featuring
Shopping Media delivers 20x industry standard engagement rates, increase
in sales and unprecedented brand insights to agencies and advertisers.
"Shopping Media combines 1:1 personalization, optimization, data and
insights - all in real-time in a way that is completely transparent to
shoppers," said Selinger. "As advertisers and agencies strive to engage
consumers along the entire path to purchase, Shopping Media ensures that
the right brand assets are available at the point of purchase in a way
that enhances the shopping experience. Our clients understand that
relevance deep in the funnel drives a huge uptick in online and offline
purchases - and enables unprecedented brand measurement. It is very
exciting to see this knowledge so eagerly embraced by the ad:tech
community."
In his session, Selinger also highlighted a real RichRelevance client, a
leading toy manufacturer, who has used Shopping Media to generate and
measure exceptional results:
-
27% increase in sales for advertiser-related products.
-
36,000 more searches (31% increase) for advertiser-related terms
compared to 3 week period prior to campaign.
-
75% of all advertiser-related purchases sold during the campaign were
driven by ads served through RichRelevance Shopping Media technology
Studies show that 41% of shoppers visit retail websites prior to making
a store visit, and that 62% of shoppers engage in at least one digital
deal activity for half or more of their shopping trips. Shopping Media
complements the online shopping experience with engaging rich media -
including video tutorials, testimonials, couponing, trials and reviews -
integrated directly into product recommendations on leading retail
sites. Through this technology, advertisers and marketers gain an
entirely new way to increase brand awareness, drive brand preference and
increase cross-channel sales by telling their brand story where it has
the most influence and impact - at the point of purchase. To date, the
company serves more than 30 brand advertisers, including Universal
Studios, Kellogg's, Colgate Palmolive and Toyota.
About the ad:tech Innovation Awards
Ad:tech Innovation Award winners in data, mobile, social and shopper
marketing were selected from companies who qualified for ad:tech's
Startup Spotlight Series at ad:tech San Francisco. The Startup Spotlight
features the most promising services and technologies for brands and
marketers in the digital space. For more information, please visit: http://www.ad-tech.com/sf/startup/ad-tech_startup.aspx
About RichRelevance
RichRelevance powers personalized shopping experiences for the world's
largest and most innovative retail brands, including Wal-Mart, Sears,
Overstock.com and others. Founded and led by the e-commerce expert who
helped pioneer personalization at Amazon.com, RichRelevance helps
retailers increase sales and effectively monetize site traffic by
providing the most relevant products, content and offers to shoppers as
they switch between web, store and mobile. RichRelevance has delivered
more than $1 billion in attributable sales for its clients to date, and
is accelerating these results with the introduction of a new form of
personalized advertising called shopping media which allows brands to
engage shoppers where it matters most - at the point of purchase on the
largest retail sites in world. RichRelevance is located in San
Francisco, with offices in Seattle and London. For more information,
please visit www.richrelevance.com.

RichRelevance Media Contact:
Mickey Nelson, 651-214-4472
pr@RichRelevance.com
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