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BUSINESS
February 24, 2010
Millennial Media, the largest independent mobile advertising network in the country, said Tuesday it acquired a small San Francisco-based company that makes analytical software to help developers better track their mobile phone applications' performance. Millennial paid cash for TapMetrics, but terms were not disclosed. Millennial is paying for the deal with some of the $16 million it raised from investors in November as part of its expansion plans, said Paul Palmieri, president and chief executive of the Baltimore-based company.
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ENTERTAINMENT
By Andrew Zaleski and For The Baltimore Sun | August 12, 2014
In August 2006, Millennial Media -- a digital advertising company founded in Baltimore just two months prior -- made a move that shaped its future. The company's three co-founders took up office space inside the Emerging Technology Center (ETC), an incubator of startup technology companies that opened its doors in the Signature Building of the Can Company complex in Canton in 1999. Two years later, when Millennial Media moved out of the ETC and into the complex's adjacent Factory Building in October 2008, it was a company of 85 full-time employees.
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BUSINESS
The Baltimore Sun | November 13, 2013
Millennial Media Inc., a Baltimore-based mobile advertising firm, reported Wednesday that it lost $4.6 million in the three months ended Sept. 30. That's worse than the $1.8 million it lost in same quarter in 2012. On a per share basis, it lost 6 cents in the recent quarter compared to 2 cents a year earlier. Meanwhile, the company's revenue swelled 39 percent to $86.3 million in the July-to-September period. That includes $56.1 million from Millennial Media and $30.2 million from Jumptap, which it acquired Nov. 6 for about 24.6 million share of its stock.
BUSINESS
By Scott Dance, The Baltimore Sun | June 3, 2014
While Millennial Media pioneered mobile advertising, it now competes with online household names Google and Facebook, which dominate the $18 billion market. To Millennial CEO Michael Barrett, that's a good sign. But it's also meant a rough start to Barrett's tenure at the Baltimore-based firm. He took over in January for Paul Palmieri, who founded and led Millennial from its days as a startup in 2006 to its debut as a public company in 2012. As the company's stock tumbled amid a disappointing earnings report last month, Barrett acknowledged on an investor conference call there were challenges ahead and outlined a plan to address them.
NEWS
By Gus G. Sentementes, The Baltimore Sun | March 28, 2012
Baltimore's Millennial Media Inc., one of the largest companies in the fast-growing mobile advertising industry, said it would launch its public offering on Thursday, with expectations of selling $132.6 million worth of shares on its first day on the New York Stock Exchange. The company, which competes against Google Inc., Apple Inc. and other smaller competitors that enable advertising on mobile phones, will sell 9.2 million shares at $13 each. Participating stockholders will sell an additional one million shares at the same price.
BUSINESS
Gus G. Sentementes | March 29, 2012
Millennial Media Inc., a Baltimore-based mobile advertising company, broke a years-long IPO drought in the city's technology sector and went public today on the New York Stock Exchange with an opening share price of $13.  Shares immediately shot up to $25 in the opening moments of trading, nearly double its initial opening price. Paul Palmieri, Millennial's chief executive officer, rang the opening bell at the exchange to kick off trading. The company, founded Palmieri, a former Verizon Wireless executive, and a former Advertising.com executive, is the first of a new breed of companies targeting the booming mobile advertising sector to go public.
BUSINESS
Gus G. Sentementes | March 19, 2012
I recently had the pleasure of interviewing Ann Lansinger, who has run Baltimore's Emerging Technology Center for the past 13 years and who is retiring early next month. Ann has seen scores of companies come and go in the Baltimore tech ecosystem. Many have succeeded. Some have failed. Along the way, Ann has had the chance to get to know many entrepreneurs and their businesses, and I thought to myself: here is someone who has probably seen it all in the startup world, at least in our neck of the woods here in Baltimore.
BUSINESS
By Scott Dance, The Baltimore Sun | February 19, 2014
Millennial Media lost $3.8 million despite a surge to $96.7 million in revenue in the fourth quarter of 2013, with both results beating analysts' expectations, but shares fell in after-hours trading on shaky expectations going forward. The Baltimore mobile advertising company's revenue jumped by two-thirds compared with the fourth quarter of 2012, when it reported $58 million in sales and posted a profit of $2.6 million. It completed a mostly stock deal worth about $174 million to acquire Boston-based Jumptap in November that helped drive growth.
BUSINESS
By Scott Dance, The Baltimore Sun | May 8, 2014
Millennial Media shares tumbled 40 percent at the opening bell Thursday on news that its losses more than tripled in the first three months of 2014, despite a 47 percent surge in revenue year-over-year. The Baltimore-based mobile advertising firm also announced its chief financial officer, Michael Avon, will step down at the end of June "to pursue other career interests. " His departure comes six months after Paul Palmieri, the company's founder and CEO, left the company to join a venture capital firm.
BUSINESS
By Gus G. Sentementes and Gus G. Sentementes,gus.sentementes@baltsun.com | November 17, 2009
Millennial Media, one of the country's largest advertising networks for mobile devices, said Monday it raised $16 million in new funding that it will use to hire more staff and fuel its international expansion from its Baltimore headquarters. The funding was part of a Series C round led by New Enterprise Associates, a venture capital firm with an office in Baltimore. Existing investors Bessemer Venture Partners, Columbia Capital and Charles River Ventures also participated. Since its founding in 2006, Millennial has raised more than $40 million in venture capital funding, according to Paul Palmieri, its co-founder, president and chief executive.
BUSINESS
By Scott Dance, The Baltimore Sun | May 8, 2014
Millennial Media shares tumbled 40 percent at the opening bell Thursday on news that its losses more than tripled in the first three months of 2014, despite a 47 percent surge in revenue year-over-year. The Baltimore-based mobile advertising firm also announced its chief financial officer, Michael Avon, will step down at the end of June "to pursue other career interests. " His departure comes six months after Paul Palmieri, the company's founder and CEO, left the company to join a venture capital firm.
BUSINESS
By Scott Dance, The Baltimore Sun | February 19, 2014
Millennial Media lost $3.8 million despite a surge to $96.7 million in revenue in the fourth quarter of 2013, with both results beating analysts' expectations, but shares fell in after-hours trading on shaky expectations going forward. The Baltimore mobile advertising company's revenue jumped by two-thirds compared with the fourth quarter of 2012, when it reported $58 million in sales and posted a profit of $2.6 million. It completed a mostly stock deal worth about $174 million to acquire Boston-based Jumptap in November that helped drive growth.
BUSINESS
The Baltimore Sun | November 13, 2013
Millennial Media Inc., a Baltimore-based mobile advertising firm, reported Wednesday that it lost $4.6 million in the three months ended Sept. 30. That's worse than the $1.8 million it lost in same quarter in 2012. On a per share basis, it lost 6 cents in the recent quarter compared to 2 cents a year earlier. Meanwhile, the company's revenue swelled 39 percent to $86.3 million in the July-to-September period. That includes $56.1 million from Millennial Media and $30.2 million from Jumptap, which it acquired Nov. 6 for about 24.6 million share of its stock.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | May 14, 2012
Millennial Media Inc., a Baltimore-based mobile advertising firm, posted its first quarterly results as a public company Monday. The results included a $4 million loss but were in line with Wall Street's expectations. The company reported revenues of $32.9 million — more than 50 percent more in the first quarter this year than the $21.5 million it had in the similar period last year. Analysts estimated that Millennial would post revenue of $34.2 million, according to analysts surveyed by Bloomberg.
BUSINESS
Gus G. Sentementes | March 29, 2012
Millennial Media Inc., a Baltimore-based mobile advertising company, broke a years-long IPO drought in the city's technology sector and went public today on the New York Stock Exchange with an opening share price of $13.  Shares immediately shot up to $25 in the opening moments of trading, nearly double its initial opening price. Paul Palmieri, Millennial's chief executive officer, rang the opening bell at the exchange to kick off trading. The company, founded Palmieri, a former Verizon Wireless executive, and a former Advertising.com executive, is the first of a new breed of companies targeting the booming mobile advertising sector to go public.
NEWS
By Gus G. Sentementes, The Baltimore Sun | March 28, 2012
Baltimore's Millennial Media Inc., one of the largest companies in the fast-growing mobile advertising industry, said it would launch its public offering on Thursday, with expectations of selling $132.6 million worth of shares on its first day on the New York Stock Exchange. The company, which competes against Google Inc., Apple Inc. and other smaller competitors that enable advertising on mobile phones, will sell 9.2 million shares at $13 each. Participating stockholders will sell an additional one million shares at the same price.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | May 14, 2012
Millennial Media Inc., a Baltimore-based mobile advertising firm, posted its first quarterly results as a public company Monday. The results included a $4 million loss but were in line with Wall Street's expectations. The company reported revenues of $32.9 million — more than 50 percent more in the first quarter this year than the $21.5 million it had in the similar period last year. Analysts estimated that Millennial would post revenue of $34.2 million, according to analysts surveyed by Bloomberg.
BUSINESS
Gus G. Sentementes | March 19, 2012
I recently had the pleasure of interviewing Ann Lansinger, who has run Baltimore's Emerging Technology Center for the past 13 years and who is retiring early next month. Ann has seen scores of companies come and go in the Baltimore tech ecosystem. Many have succeeded. Some have failed. Along the way, Ann has had the chance to get to know many entrepreneurs and their businesses, and I thought to myself: here is someone who has probably seen it all in the startup world, at least in our neck of the woods here in Baltimore.
BUSINESS
February 24, 2010
Millennial Media, the largest independent mobile advertising network in the country, said Tuesday it acquired a small San Francisco-based company that makes analytical software to help developers better track their mobile phone applications' performance. Millennial paid cash for TapMetrics, but terms were not disclosed. Millennial is paying for the deal with some of the $16 million it raised from investors in November as part of its expansion plans, said Paul Palmieri, president and chief executive of the Baltimore-based company.
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