Captivate Network, a digital media company, has entered into an agreement to acquire Office Media Network (OMN). Terms were not disclosed.
The consolidation creates North America’s largest in-office media network that will encompass more than 12,000 screens installed in more than 1,800 office buildings across North America’s top urban markets.
“This strategic consolidation is a big win for our advertising and commercial real estate partners,” said Marc Kidd, Captivate’s chief executive officer.
“For the real estate community, we can provide more value through easier customization of solutions to meet the unique needs of each partner, and a more streamlined approach to developing innovations that reinforce Captivate’s value as a class A building amenity and eco-friendly tenant communication solution.”
Kidd said the combination of Captivate and OMN will deliver a larger network and audience, with the network’s number of buildings growing by more than 70% and unique monthly reach increasing by nearly 60% over Captivate’s already industry-leading footprint.