BIM Rich Media Services Launches RAMP
Local Corporation Launches Rich Media Ad Platform That Enables Ad Creation and Publishing Within Minutes
- BIM among first publishers and brands to increase efficiency and lower cost through RAMP by Rovion deployment
IRVINE, CA and MADISON, WI – November 9, 2011 - Local Corporation (NASDAQ: LOCM), a leading online local media company, today announced the launch and full rollout of its Rovion Ad Management Platform (RAMP), the first automated, cloud-based solution that enables the creation and publishing of original rich media ads for online and mobile environments, without Flash® authoring software or coding. Using local shopping data provided by Krillion’s patented technology, RAMP lets publishers, agencies and brands create, deliver and track customized rich media ads that incorporate pricing information and in-store product availability from brands to maximize relevance for web-influenced shoppers.
“Broadcast Interactive Media (BIM) needed a flexible, rich media platform that is scalable and allows our clients to more effectively monetize their websites,“ said Mike Schuch, BIM’s vice president of local sales. “RAMP will allow us to create rich media campaigns across our vast ad network of TV, radio and newspaper properties. As a result of using RAMP to create and deliver campaigns, we expect to serve up to 500 million impressions per month, which illustrates the platform’s ability to scale.”
Specifically, RAMP:
- allows agencies and brands to quickly customize non-template-based ads for local markets or comparison tests
- increases ad relevancy through localized national ad campaigns published to the Web or in HTML5 for mobile
- benefits retailers and manufacturers by influencing their web and web-to-store sales through CPM-based rich media advertising
- enables publishers to drive incremental ad revenue through the creation of rich media ads, which connect online audiences with relevant, local pricing and other information on in-stock product
"We believe RAMP will significantly impact the online advertising space, changing the expectations of the entire value chain,” said Michael Sawtell, chief operating officer, Local Corporation. “Thanks to RAMP, creative professionals can quickly make critical changes to increase ad relevancy. Additionally, the unique inclusion of local product data is a potentially powerful solution for retailers and our work with major retailers demonstrates the platform’s capabilities for this group. Both features provide substantial benefits for brands, agencies and publishers seeking to improve the relevancy of their online campaigns.”
Half of mobile search queries have a local intent and 88 percent of those who look for local information on their smartphones take action within a day. In addition, analyst firm Borrell Associates reports that local rich media display advertising now represents approximately 10 percent of the total local online ad landscape, and predicts that rich media display advertising will grow to $5.1 billion, or 37 percent of all banner advertising by 2016. RAMP’s unique integration of dynamic information on local product pricing and availability may contribute to these trends by empowering brands to engage ready-to-buy local shoppers through distribution of hyper-local information. The inclusion of local shopping data, paired with a technology patent retained by Local Corporation following the company’s acquisition of Krillion in April 2011, adds to the intellectual property Local Corporation has in this space.
RAMP is a non-template-based platform that enables the full, flexible, customized creation of rich media ads that can be viewed online or on mobile devices. For more information, please visit: http://www,rovion.com.
The company will be giving live demos of the RAMP platform this week at ad:tech NY at the Local Corporation booth (#2018).
About Local Corporation
Local Corporation (NASDAQ:LOCM), a leading online local media company, enables brick-and mortar businesses to connect with online customers using a variety of digital marketing products. The company reaches more than 25 million consumers each month on the flagship Local.com website, approximately 1,600 regional media sites and more than 100,000 geo-category websites. The company distributes daily deals to hundreds of thousands of email subscribers via Spreebird.com, rich media ads via Rovion.com, and real-time product inventory information from more than 70,000 retail locations nationwide via Krillion.com. To advertise, or for more information, visit: http://www.local.com or http://corporate.local.com. Local Corporation is a registered trade name of Local.com Corporation.
About Broadcast Interactive Media
Broadcast Interactive Media (BIM) is the leading provider of revenue, content and technical solutions for local media and is a trusted resource for hundreds of broadcast and publisher clients. Core products are the BIM Web and Video CMS, YouNews® social media platform, MediaStar suite, BIMLocal Ad Network, local sales initiatives such as Get Active Today, Walkout Video and Green, STELA Compliance Tools and the full range of TitanTV® guide products, including data-services, program guides, mobile guides and TitanTV.com. Customers include ABC, Belo Television Group, Capitol Broadcasting, CBS Television, Fisher Communications, Fox Television, Gannett Broadcasting, Hearst-Argyle, NBC Owned Television Stations, Scripps-Howard and the Telemundo Station Group. BIM is based in Madison, WI with offices in New York, Los Angeles, Austin and Cedar Rapids.
Media Relations Contacts:
Cameron Triebwasser
Local Corporation
949-789-5223
ctriebwasser@local.com
Angela Wheaten
Broadcast Interactive Media
608-255-2852
awheaten@bimlocal.com
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BIM Rich Media Services Launches RAMP
Ad creation/publishing in minutes