From the Wires
Spruce Media Named to Forbes' 100 List of America's Most Promising Companies
Leading Facebook Advertising Solutions Provider Recognized for Tremendous Growth Potential on Prestigious List of Young, Privately Held Firms
By: Marketwired .
Feb. 6, 2013 12:10 PM
SAN FRANCISCO, CA--(Marketwire - February 06, 2013) - Spruce Media (www.sprucemedia.com), the leading provider of enterprise-class marketing solutions for Facebook Ads, today announced that it has been listed at No. 17 on Forbes annual ranking of America's Most Promising Companies -- a list of one hundred privately held, high-growth companies with bright futures. Here is a link to the Top 25 companies, which includes Spruce Media.
"It's an honor to be recognized by Forbes for their annual list of the country's best and brightest young businesses," said Rob Jewell, Founder and CEO of Spruce Media. "The honor bestowed to Spruce Media is a testament to the amazing hard work of our team, the talented individuals who share the same passion and conviction of providing the best service we can to clients like Samsung and University of Phoenix, among others."
One metric never says it all. For the Most Promising list, FORBES strove for a holistic gauge of young, privately-held companies, trying to pin down their trajectories by looking at a number of variables. Over the course of six months Forbes reviewed thousands of applications. The final assessment is based on growth (both in sales and hiring), quality of management team and investors, margins, market size and key partnerships. Forbes turned to CB Insights, a Manhattan-based data research firm that specializes in assessing private companies, to refine the search. Their MOSAIC software scans 45,000 sources to measure a company's health. A new distribution deal, for example, marks a positive signal, while the loss of an executive is a negative. MOSAIC gathers those signals into a final score that Forbes uses as an initial guide in producing the list. After verifying sales numbers, speaking with each company and debating their merits and blemishes, Forbes produces a final ranking.
To view Forbes' methodology on their selection process for choosing companies for the Most Promising List, please visit this link.
About Spruce Media:
Spruce Media is the leading provider of enterprise-class marketing technology that delivers real results at scale, and drives consumers from likes to influence for the most successful advertisers, agencies, and trading desks on Facebook. Recently named one of 12 Facebook Strategic Preferred Marketing Developers, the highest distinction of excellence offered, Spruce has pushed over 300-billion impressions through its software and is the technology of choice for the largest advertisers on Facebook. Founded in 2010, Spruce has developed a robust solution integrating ad creation, bid management, analytics, and reporting into one easy to use, yet powerful interface, which can be licensed or coupled with managed services. Spruce Media is based in San Francisco and has sales offices in Los Angeles, Dallas, Chicago, Minneapolis, Washington D.C., and New York.
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