Priceline buys Israel’s ad-tech startup Qlika

Travel bookings and service provider says acquisition to support growth of its international business, especially in Asia.

Israel’s advertising technology field got a major boost as forks out between $15 million to $20 million for the startup Qlika.

Qlika is a super small company with just 10 employees but its micro-market targeting technology has made a big noise in the ad-tech world.

Neither Priceline nor Qlika announced financial details of the sale, however, TechCrunch reports that the total value of the deal was in the range of $15 to $20 million.

Qlika’s technology enables the advertiser to manage and optimize millions of campaigns in each local market, segmentation, and media channel separately.

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About Viva Sarah Press

Viva Sarah Press is an associate editor and writer at ISRAEL21c. She has extensive experience in reporting/editing in the print, online and broadcast fields. Her work has been published by international media outlets including Israel Television, CNN, Reuters, The Jerusalem Post and Time Out.