The Trade Desk launches new media trading platform Solimar

The platform enables marketers to unleash the power of their valuable first-party data.

MUMBAI: Global advertising technology company, The Trade Desk (NASDAQ:TTD) announced Thursday the launch of its new trading platform, Solimar that will help marketers optimise their digital advertising campaigns across the open internet.

Designed in response to a rapidly evolving digital marketing environment, the platform enables marketers to unleash the power of their valuable first-party data, drive greater precision in their digital marketing campaigns, while advancing consumer-conscious privacy, the tech company said in a statement.

The result of more than two years of product development, Solimar addresses key concerns for today’s marketers. This includes easy and secure onboarding of first-party data; the need to connect marketing performance to business growth goals; an increasingly cross-channel digital media environment including the fast-growing world of OTT and CTV; and a rising focus on digital identity.

“We are at an important moment in the evolution of digital advertising. Marketers are eager to address a wide range of emerging opportunities, from the once-in-a-generation shift in TV consumption to proving the connection between their campaigns and business growth, and driving advances in consumer-conscious privacy,” said The Trade Desk co-founder and CEO Jeff Green. “And we are launching Solimar at this moment so that marketers can fully embrace those opportunities on the open internet. The transparent cross-channel precision and measurement capabilities of Solimar stand in strong contrast to the limitations of Walled Gardens.”

In a rapidly evolving identity environment, marketers increasingly want to activate their own first-party data – data they have gathered about their most loyal customers, often through years or decades-long relationships. Solimar enables marketers to upload this data easily, and leverage advances in internet identity, such as Unified ID 2.0, in order to nurture more loyal customers. At the same time, other major first-party data owners, such as retailers and offsite measurement companies, are increasingly making their data available to advertisers in Solimar’s measurement marketplace. This enables advertisers to track the performance of their campaigns to actual consumer actions.

Commenting on how Solimar would add value to marketers in India, The Trade Desk India's GM Tejinder Gill said, “Modern marketers are looking to manage their entire omnichannel strategy (mobile, audio, OTT/CTV) under one roof aligned with their goals at every stage of their campaign. Solimar helps Indian marketers focus on achieving their goals while capturing the fast-growing opportunities on the open internet. As the industry’s most sophisticated programmatic platform, Solimar solves for the complexity of the thriving open internet by enabling marketers to plan, track and measure their digital spend easily across all digital advertising channels on the open internet.”

“Solimar is the result of more than two years of engineering work, and represents a breakthrough in surfacing the most important decisions for today’s marketers,” said The Trade Desk co-founder and CTO Dave Pickles. “That means traders can focus on their strategic priorities, and rely on Solimar to handle everything else. That’s because by adding planning and decisioning into every aspect of the buying cycle, Solimar acts on information in real-time, ensuring all decisions are data-driven. In this way, Solimar embodies everything I’ve learned about media buying over the last 15 years.”

The Trade Desk unveiled Solimar at a launch event on 7 July in New York City, featuring The Trade Desk CEO Jeff Green, GroupM’s Wavemaker executive director, head of Investment & Activation Vinny Rinaldi and the Washington Post chief revenue officer Joy Robbins.

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