VINDICO, the recently created video ad server division of BBE, is announcing this morning that it has been accredited by the Media Ratings Council (MRC). For those not familiar, the MRC is an independent industry association that works to ensure audience measurement is valid, reliable and effective. VINDICO believes it is the first demand-side video ad server to be accredited by MRC (there may others, I'm not sure; I know that FreeWheel was accredited about 6 months ago).
Matt Timothy, VINDICO's president, told me yesterday that the accreditation is a big step forward for both the company, and the online video ad industry. Matt explained that with online video advertising still relatively early-stage, there's been a "Wild West" dynamic with different ad servers and measurement approaches. That friction constrains advertiser spending in the new medium. MRC gives VINDICO new credibility with the agencies and advertisers it serves that the audience data it shares is up to MRC's stringent standards.
With the rise of online video advertising, Matt also sees 2 trends developing: the shift from estimated ad measurement (common in TV advertising) to actual ad measurement and agencies/advertisers taking control of the actual ad delivery process (which in TV advertising is handled by the TV networks and stations). VINDICO is betting on both of these trends; it targets agencies and advertisers with its ad-server technology. Matt pointed to recent wins with VivaKi and Universal McCann as evidence that its approach is working.
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