Forbes ranks OpenX in Top 10

Forbes announced their "America's Most Promising Companies" list today and OpenX, the company behind the popular ad management platform, is ranked number 7 out of a list of 100 privately held, high-growth companies.

Tim Cadogan, CEO at OpenX, commented:

"We are very honored to receive this prestigious accolade. It is an important recognition of OpenX's strong growth and our future potential. Above all else, that growth and potential hinges on the value we deliver to our customers globally. We're pleased with the progress we've made building the most comprehensive ad revenue platform. But we are even more excited about our future path and the strong pipeline of new products we are bringing to market for both online and mobile advertising. We've assembled a terrific team and recognition like this further increases our motivation to fulfill our vision: unleashing the full economic potential of digital media companies."

This is an interesting development that confirms the trend of companies moving their ad dollars away from the "classic media" towards the web.