Broadband
Sky invests $10 million in DataXu
MUMBAI: After recently investing in OTT video company TV4 Entertainment and online video aggregator Pluto TV, Sky has now invested $10 million in Boston based programmatic marketing analytics, data management and media activation software company DataXu.
DataXu partners with advertisers and media agencies to help them engage more efficiently and effectively with consumers across all of their devices. DataXu’s expertise in programmatic marketing – the automated, data-driven planning and trading of advertising across multiple media devices and formats – benefits Sky as both an advertiser and investor. The DataXu platform has the capability to analyse and optimise buying decisions on over 100 billion digital advertising opportunities every day around the globe.
Sky’s advertising sales division, Sky Media, will also work closely with DataXu to explore a number of new opportunities, including: extending the reach of Sky Media’s revolutionary product, Sky AdVance; leveraging DataXu’s market-leading experience in helping advertisers to buy addressable TV ads programmatically; and harnessing the power of data and analytics to drive superior marketing results.
Sky Media has a strong track record of innovation. In 2014, it launched Sky AdSmart, a product designed to make TV advertising effective for niche or smaller brands. Sky AdSmart serves different ads to different households watching the same programme, showing the most relevant ads as guided by data from profiling experts.
This was followed in 2015 with the introduction of Sky AdVance, which allows advertisers to connect journeys across screens so that audiences see the right ad, at the right time, in the right sequence and on the right screen.
Sky Media deputy MD Jamie West said, “This investment will help us develop a deeper understanding of programmatic advertising, and play our part in shaping the market as it progresses. Combining Sky’s knowledge, experience and innovation in advertising with DataXu’s programmatic marketing expertise will provide exciting opportunities for both businesses, and most importantly, for Sky’s advertising partners.”
“This strategic investment allows DataXu to partner with a true, global leader in television and media. DataXu and Sky have strong alignment on the future of programmatic and advanced television; and this investment ensures our two companies continue to learn and grow together,” added DataXu co-founder and CEO Mike Baker.
Sky also has investments in US technology companies, including the online sports network Whistle Sports, IP streaming service provider Roku and cinematic virtual reality company Jaunt.
Broadband
Excitel Broadband names Varun Pasricha as chief executive officer
Former COO steps up to lead broadband firm’s next growth chapter
MUMBAI: Excitel Broadband has elevated its chief operating officer, Varun Pasricha, to the role of chief executive officer, handing the reins to a leader who has already spent nearly eight years shaping the company’s rise.
Pasricha joined Excitel in August 2018 and has since been instrumental in building what he describes as “the most loved broadband brand in the country”. Now, as chief executive officer, he is expected to steer the internet service provider through its next phase of expansion in an increasingly competitive home broadband market.
Before his tenure at Excitel, Pasricha held senior leadership roles at Zomato, where he led sales transformation and served as business head for partner growth across India and the UAE. He oversaw the shift in the company’s advertising model from fixed ad slots to performance driven engagement, migrating more than 7,000 paying clients globally while delivering a 20 per cent upsell on the portfolio.
Earlier, at G4S India, he was senior vice president for strategic business, managing a profit and loss portfolio exceeding Rs 1,000 crore. Over two years, he grew the business by around 50 per cent while improving margins through contract renegotiations and cross selling. He also worked closely with the leadership team as vice president for strategic projects, focusing on corporate strategy, restructuring, and new business launches, including entry into last mile logistics.
His career spans strategy and operations across sectors. At Max Healthcare, he was senior manager for business strategy, working on planning and joint venture rollouts in tier II cities. He co-founded Edventure Online, an education advisory venture aimed at helping students make informed career choices. At Indus Towers, he served as senior business manager in the central strategy team, helping convert the energy vertical from a cost centre into a profit engine.
Pasricha began his career at McKinsey & Company as an analyst, building the consulting toolkit that would underpin his later operating roles.
With a résumé that blends boardroom strategy and frontline execution, Pasricha’s appointment signals continuity with ambition. For Excitel, the message is clear: the company is betting on a leader who already knows where the cables run and where the next connections must be made.
