Press release issued 2 September 2013
A Bristol-based business which provides social media analysis for television companies has received a huge vote of confidence after attracting investment from a global media company.
Clients include Channel 4, ITV, BBC, Shine and MediaCo. Despite only being founded last year, its success to-date has impressed Kantar Media, a world-leader in audience measurement.
Kantar Media has now acquired a minority stake in SecondSync, co-founded by Andrew Littledale, Ted Littledale, Lee Carre and Dan Fairs, in a move which extends the existing relationship between the two companies, who entered into a data sharing agreement earlier this year.
The two companies will work closely together to deliver a range of TV measurement and analytical tools to the UK market.
Kantar Media delivers audience measurement and analysis in over 60 markets worldwide, and is a contractor to BARB, the official source of UK TV viewing data.
SecondSync is now in the process of growing its technology team, enhancing its suite of advertising tools for the SecondSync platform and expanding geographically.
Its patent-pending Adaptive Search Technology makes sense of the torrent of tweets sent every second, working with broadcasters, production companies, agencies and brands in understanding what viewers are saying, as they say it.
Andy Littledale, Managing Director of SecondSync, said: “We broke new ground in the UK with our Social TV Dashboard, helping broadcasters and advertisers make sense of the big data coming out of social media. Cementing a close partnership with the leading player in audience measurement will enhance our existing products and help Kantar Media bring to market something that will really make an impact in TV planning."
Nick Sturge, Director of the Bristol SETsquared Centre, added: "We've seen a number of companies developing technologies that make sense of the enormous amount of data and intelligence embedded within the social media 'cloud' but SecondSync is the first to deliver a compelling market application. They have demonstrated a focus in their business - both strategically and technically - that will see this business become a major player in the media industry.
“We are delighted to see this strategic corporate investment, by a global player in an innovative young company and we expect to see more of this as larger companies look for the most efficient ways of accessing the latest technologies."
Kantar Media is part of Kantar, the data investment management division of WPP, one of the world's largest insight, information and consultancy.
By connecting the diverse talents of its 13 specialist companies, the group aims to become the pre-eminent provider of compelling and inspirational consumer insights for the global business community. Its 28,500 employees work across 100 countries and across the whole spectrum of research and consultancy disciplines, enabling the group to offer clients business insight at every point of the consumer cycle.
The SETsquared Partnership is the enterprise collaboration of the Universities of Bath, Bristol, Exeter, Southampton and Surrey. Together, the universities employ 8,500 academic staff; earn £450m of the UK’s higher education research budget; and produce 11 per cent of all UK university patents.
The partnership has a 10-year track record of supporting companies through its innovation centres, which provide access to industry specialists, investors and experienced entrepreneurs. SETsquared currently supports over 250 early stage high-tech, high growth potential businesses, and 90 per cent of its incubated companies are still in business three years on. In the past five years, nearly £0.75bn in investment funding has been raised by spin outs and incubated companies.
The Bristol SETsquared Centre, now located within the Engine Shed in the heart of Bristol's Temple Quarter Enterprise Zone, supports over 60 members who between them employ over 650 people and have raised over £80m in the last six years.
A full list of the businesses currently supported by the Bristol SETsquared Centre can be found at www.setsquared.co.uk/companies/bristol-centre-members.
We are delighted to see this strategic corporate investment, by a global player in an innovative young company and we expect to see more of this as larger companies look for the most efficient ways of accessing the latest technologies.