Adcore Inc (TSX:ADCO) told investors that it signed 14 new clients during November and December 2021 for an aggregated estimated annual advertising budget of C$4.9 million.
The Toronto-based company said its local teams will manage the digital marketing of the new clients, who are situated across four of its main regions, including North America, Europe, the Middle East and Africa (EMEA), Australia and New Zealand, and Greater China.
"We are very pleased to see such strong ongoing momentum in our acquisition efforts,” the company’s founder and CEO Omri Brill said in a statement.
“The fact that we were able not only to maintain but increase our acquisition levels during the November-December time period, traditionally weaker months for B2B acquisition due to the holidays, is an amazing achievement by itself.”
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Brill noted that almost half of the projected digital advertising budgets of the new clients originate from US-based businesses, a market Adcore previously announced to be one of its key growth drivers in 2022 and beyond.
“The company's continuous global expansion efforts, with an emphasis on North America, led to a record fourth quarter in new client acquisition, and set the foundation for a strong start of 2022,” Brill concluded.
Adcore offers digital marketing solutions that empower entrepreneurs and advertisers by managing and automating their e-commerce store advertising and monitoring and analyzing the performance of their advertising budget to ensure maximum return on investment.
Contact the author at stephen.gunnion@proactiveinvestors.com