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Engage signs new deal and exceeds target six months ahead of time

Technology
ASX:EN1
23 June 2019 22:34 (AEST)

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Marketing company Engage has exceeded its integrations target for 2019. This follows the signing of four new partners.

Engage provides clients with a service which ensures their advertising is promoted effectively and well received. The company uses its own technology to achieve this result.

The newly signed partners include AppLovin, MobilityWare, Somo Audience and Verve.

The company’s integration target for the year was 194, which has been achieved six months ahead of schedule. A total of 195 programmatic integrations have now been secured.

Following the success, Engage is aiming to integrate a further 20 during the remainder of the year.

AdCel, who the company acquired last year, is releasing its monetised software development kit for the Unreal Engine early. Unreal Engine is a 3D development platform created by the team behind Fortnite.

Being one of the largest 3D gaming platforms globally, AdCel’s move onto the Unreal Engine is expected to generate immediate revenue for the company.

AdCel has also released a monetised plugin for the app development platform, React Native. Facebook created the platform initially, which is now used by Instagram, AirBnB, Uber and Pinterest.

AdCel was the second company to develop a monetised plugin for both platforms.

Engage’s share price hasn’t changed since yesterdays close, currently sitting at $0.036 per share.

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