IgnitionOne: IgnitionOne is shutting down. Read the letter its CEO sent to shareholders about what happened to one of adtech's oldest companies.

One of the oldest names in adtech, IgnitionOne, will shut down after selling off its assets in two transactions that were finalized on November 19, the CEO wrote in a note to shareholders. The 15-year-old company, which raised $85.2 million since 2013, has recently shed its headcount, and a former investment firm and two other adtech companies say it owes them money. IgnitionOne CEO Will Margiloff warned investors in the letter that they would likely not receive any money from the company. IgnitionOne has passed its remaining assets on to an independent trustee. Margiloff cited broader challenges in media and digital advertising in part for the company's struggles. "The grounds... Read More