This company provides its clients with a variety of internet advertising services, from banner ads to streamed videos. Adconion claims it works with more than 2,000 publishers, who supply the advertising space, and suggests that its online network can put its 500 clients in touch with 400m consumers. The company was established in 2005 by Tyler Moebius, who previously founded an American technology company that was sold to Vivendi for an undisclosed sum. Adconion has expanded rapidly and now has 16 offices in seven countries employing 266 staff. In 2008 a private equity consortium led by Index Ventures invested £41m in exchange for a 31% stake in the company. Sales grew 150% a year from £5.8m in 2006 to £90.6m in 2009, when the company reported a loss.
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