Facebook buying online video ad platform LiveRail

Current customers of LiveRail's website and app services include MLB.com, ABC, Gannett, and Dailymotion.

The video aspect of Facebook's online and mobile ad schemes looks poised for a boost with the acquisition of LiveRail, an monetization platform for online video.

LiveRail offers services aimed toward marketers and video ad networks with the intent of helping premium publishers sell digital video inventory in a smarter way. Some of these services include real-time biddable private and public video ad exchanges as well as a one-stop dashboard for managing and optimizing ad networks.

Headquartered in San Francisco with offices in New York, London, and Romania, LiveRail has grown to deliver more than seven million 7 billion impressions through its platform each month since launching in 2007.

Current customers of LiveRail's website and app services include Major League Baseball (MLB.com), ABC, A&E Networks, Gannett, and Dailymotion.

Brian Boland, vice president of ads product marketing and atlas at Facebook, described the merger in a blog post on Tuesday as a "partnership" with mutual goals of presenting video ads that are more relevant and engaging.

We believe that LiveRail’s excellent product – known in the industry as a video supply-side platform or SSP – and Facebook’s expertise with relevancy, delivery and measurement will help us make video advertising much better for everyone.

LiveRail co-founder and CEO Mark Trefgarne followed up in a separate statement that the deal offers his team of more than 170 employees worldwide with "the opportunity to redefine the ad tech landscape and set a new standard in technology for publishers."

When we started talking to the team at Facebook about how we could work together, it quickly became clear that we shared a vision for the future of digital advertising. They believed, as we do, that publishers deserve a new generation of audience-aware advertising technology. We realized that by joining forces we’d be able to draw upon our respective strengths to move even faster towards our shared vision of creating the advertising platform of the future.

Financial terms of the deal have not been disclosed.