Truth seeker
by on February 2, 2013

Bismillah Assalam o Alikum

Ad exchange adBrite shuts down its servers today Feb. 1.

Here’s the advertiser version:

Dear adBrite Advertiser,

Over the last few weeks, adBrite and its management have been evaluating the go-forward plan for the business. Given market conditions and certain financial liabilities, in working with our lenders, we have decided to cease operations on Feb 1, 2013.

This is a difficult decision for all of us at adBrite. However, after much deliberation this seems to be the best course of action despite the impact it will have on all the employees, clients and partners who helped build this business. There will be a team in place as needed to assist with winding down your campaign, and final reporting and invoicing.

Thank you for being part of the adBrite community.

The adBrite Team

In an interview with AllThingsD, CEO Hardeep Bindra said he joined last year with the goal of selling the company, and was making progress on talks before they fell through “a couple weeks ago.” AdBrite currently has 26 employees.

The company was founded in 2002 as an ad network, and became an ad exchange in 2008. It raised more than $40 million in funding from Sequoia Capital and others. (Shortly after Sequoia’s infamous “RIP Good Times” presentation.) Co-founder Philip Kaplan has been involved in several startups since then


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AdBrite is a network which did not approved MFB in in its publishers program and today punished them It thought by not approving MFB it may cause financial damage to MFB however it now died its on death We all love     ●▬▬▬▬▬▬▬▬ஜ۩۞۩ஜ▬▬▬▬▬▬▬▬●اللَّهُ ـمّ صَــــــلٌ علَےَ مُحمَّـ...View More
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