Sourcepoint, the privacy compliance platform of record for the digital marketing ecosystem, today announces the acquisition of RedBud, a UK-based software technology firm, to provide deeper insights for buyers and sellers of media and data.
The acquisition of RedBud’s technology stack and its exceptional team of advertising and privacy experts will uniquely position Sourcepoint to become the most fully-featured data privacy, compliance and consent management platform focused on the advertising and marketing technology markets.
In today’s data-driven, and increasingly privacy-conscious world, data ethics is critically important, yet the ability to understand the privacy practices of partners in a scalable and granular way has been a challenge for those in the media ecosystem. RedBud’s scanning and analytics software solution, DIAGNOSE, provides a comprehensive approach to vendor assessments and performance monitoring.
This acquisition will level the playing field for publishers by providing them with the tools to engage with users on data and privacy, as well as complete visibility into any hidden activity on their properties that exposes them to privacy and revenue risks. For brands, the acquisition of RedBud will help them create a comprehensive repository of every data processing instance across different user touchpoints, such as cookies, trackers, or fingerprinting. The technology highlights privacy blind spots for advertisers and how they can be fixed. The insights into both privacy compliance and performance issues, coupled with a customizable technology solution that resolves compliance issues for publishers and brands, will enable enhanced monetization and a more sustainable ecosystem.
Founded in 2018, RedBud was conceived to improve digital advertising by demystifying advertising technology fragmentation for publishers. Its proprietary scanning technology emulates simple and complex user journeys on websites and captures all content, visible or not, that feeds either directly or indirectly into a digital property. Its platform scans for and monitors privacy vulnerabilities, and provides benchmarking so companies can continuously measure their privacy health. Co-founders, Chloe Grutchfield and Rhys Denny will join Sourcepoint as product and sales leaders, respectively.
“The acquisition of RedBud is a crucial step towards facilitating stronger digital citizenship for publishers, advertisers and all ecosystem players,” said Ben Barokas, Sourcepoint CEO.
“Historically, media sellers have lacked visibility into third-party data processing activities on their properties; the RedBud team have been leaders in providing publishers with much-needed transparency. With the integration of their vision and exemplary product, and the additions of Chloe, Rhys and the team, Sourcepoint will help level the playing field for publishers and help brands ensure that their media spend is not only compliant, but compatible with their approach to consumer data privacy.”
“Because the regulatory environment—and consumer attitudes towards privacy—are evolving in nuanced and specific ways, it’s incredibly important for media owners and buyers to have mutual visibility into market standards,” said Chloe Grutchfield, RedBud co-founder.
“RedBud’s diagnostic tools are a natural complement to Sourcepoint’s compliance platform. We are thrilled to join forces to continue to further our shared vision of a more transparent and sustainable media ecosystem for the benefit of publishers, advertisers, and consumers.”