CORRECTING and REPLACING iQ media Sees Strong Growth in First Half of 2014 Increasing Revenue by 256% Year Over Year and Furthering Reach into the Public Relations and Marketing Sectors
Continued momentum in the growing media intelligence market advances iQ media into impressive first half of the year.
CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions.
“We are really excited to see the exceptional performance of iQ media as they have become a strong performer in the GMH Ventures portfolio”
The corrected release reads:
IQ MEDIA SEES STRONG GROWTH IN FIRST HALF OF 2014 INCREASING REVENUE BY 256% YEAR OVER YEAR AND FURTHERING REACH INTO THE PUBLIC RELATIONS AND MARKETING SECTORS
Continued momentum in the growing media intelligence market advances iQ media into impressive first half of the year
iQ media experienced strong growth in its revenue and client base in 2014, as marketers and public relations professionals tapped big data to address growing demands for enhanced media intelligence. In the first six months of 2014, iQ media boosted revenue by 256 percent year over year and signed new brands in a variety of industries across the globe.
iQ media furthered its presence in the public relations and marketing sectors – signing brands including Hotels.com, the NHL, US Pharmacopeia, SEPTA, and Nutrisystem. Brands from a host of industries use iQ media to access content that effectively integrates broadcast TV, online news, social media, and even user generated content, delivering unprecedented access to more data.
“Edmunds works on data,” said Stephanie Mar, media relations manager and iQ media customer at Edmunds.com. “[My] bosses really understand data…[and] they want metrics. And that’s really more complicated than what your standard clipping service can provide.” Said Mar, “iQ media is a big data company rather than just a clipping service. I think that was really valuable to my company, so it made sense to go with iQ media.”
“The growth of iQ media has been astounding,” said John Derham, CEO of iQ media. “Our growth in Q2 2014 over same quarter of 2013 was 220%. iQ media was engineered for scalability, which positions us for continued growth. Further validation of our success is that within the first six months of 2014, 100% of our customers have renewed.”
“A key driver in iQ media’s success is that we empower users to move beyond traditional media monitoring to true business intelligence,” said Kye Strance, President of iQ media. “The iQ media suite extends media monitoring, industry news, and reporting to the whole enterprise with a powerful research platform re-imagined from the cloud up.”
With iQ media’s record growth comes continued support from GMH Ventures, their private equity partner. “We are really excited to see the exceptional performance of iQ media as they have become a strong performer in the GMH Ventures portfolio,” said Mike Holloway, President at GMH Ventures. “We look forward to continuing to support them in all of their growth and technology endeavors.”
About iQ media
iQ media is leading the most important technology transformation in the history of broadcast TV, online news, and social media monitoring. It is the transformation from traditional media monitoring services to Media Intelligence Platforms. iQ media’s cloud-based database, cliQ, empowers clients to move beyond media monitoring to proactively leverage media content to drive topline revenue and further their strategic communications goals. Learn more at www.iqmediacorp.com.
About GMH Ventures
GMH Ventures is a private equity group, headquartered in Newtown Square, PA. Founded by Gary M. Holloway, Sr. as a vehicle to make controlling equity investments in middle-market companies, GMH Ventures is committed to making long-term investments in companies in the technology, manufacturing, distribution and services industries that have strong and experienced in-place management. Being solely owned, GMH Ventures has flexibility in its approach and strategy to purchasing, owning and operating its portfolio of companies and is constantly looking for new and exciting opportunities in which to invest. Learn more by visiting www.GMH-Ventures.com today.