San Jose, CA - October 26, 2006 - BlueLithium, the company that's reinventing the online ad network, today announced a move to new office space on Santana Row in San Jose. The move comes following two years of strong revenue growth, and during a time when the online ad industry as a whole has grown 30 percent per year to a projected $20 billion dollars in 2006. BlueLithium signed a three year lease for 15,000 square feet of space in the hip shopping and dining district, more than double the space the company occupied in its previous offices.
Founded in 2004, BlueLithium has risen quickly to become one of the largest online ad networks, serving six billion ads per month to 100 million unique viewers across 1,000 Web sites in the U.S. The company has expanded to seven US offices, one in London, England and a development facility in Minsk, Belarus. The new office space comes in handy as BlueLithium has added 30 new employees to its roster in the last year and continues to grow.
In 2006, BlueLithium was named Top Innovator of the Year by venture capitalist organization AlwaysOn. It was the first ad network ever awarded the honor, which had previously been won by Google, Skype and Salesforce.com. BlueLithium has also been named one of the 100 top private companies in America for two consecutive years.
"We're a young company to be where we are today and we still have a lot of growing to do," said Gurbaksh Chahal, chairman and CEO of BlueLithium. "We choose Santana Row for our new global headquarters rather than a traditional office park because we felt that their vision of reinventing San Jose matched up well with our vision of reinventing the online ad network."
About BlueLithium:
Based in San Jose, CA, BlueLithium challenges the legacy ways of doing business to help online marketers achieve extraordinary results. Combining a powerful one-two punch of one of the largest ad networks with superior targeting and optimization capabilities, BlueLithium maximizes ROI for advertisers while increasing the value of ad inventory for publishers. Reaching 100M unique users or 51 percent of the Web, BlueLithium delivers 6 billion impressions per month across more than 1,000 sites. Founded in 2004, the company was named 2006 Innovator of the Year by AlwaysOn and has been named one of the top 100 private companies in America for two consecutive years. For more information, please visit www.bluelithium.com
Media Contact:
Morgan McDowell
blast! PR for BlueLithium
(919) 833-9975 x.12
morgan@blastpr.com