Criteo opens in Paris one of the first R&D centers dedicated to predictive advertising in Europe
- Fleur Pellerin, Minister of State in charge of SME, Innovation and the Digital Economy, supports this innovative company from the digital industry, a true “success story” made in France.
- Criteo opens CriteoLabs II, their new 108,000 square foot R&D center at the heart of Paris.
- Growing to 300 engineers in 2012, this center is one of the largest European R&D centers dedicated to applied algorithms in the online advertising environment. To accompany their strong growth, Criteo recruits 250 new employees this year.
Criteo, global leader in Performance Display, opens in Paris one of the biggest European R&D centers, dedicated to predictive advertising, CriteoLabs II. With 108,000 square feet, this new center will host 300 engineers and thus guarantees Criteo will continue exporting its technologies to more than 30 markets worldwide, on five continents – North America, Europe, Asia, South America and Australia. This year, the company is on track to recruit 250 new employees, of which 100 will be engineers.
This new headquarters, which Criteo proudly chose to locate in Paris, comes in the middle of tremendous growth for the company, in the midst of three years of remarkable results. Since Criteo’s commercial launch in 2009, the company boasts:
- 600 employees present in 15 offices worldwide
- 2,000 advertisers, amongst important global e-commerce businesses such as Dell, Macy’s, La Redoute, Les 3 Suisses, etc.
- 4,000 publishers
- More than 200 million dollars in revenue in 2011
From the capital of Paris, Criteo is focused on growing several new international markets. Already, the company realizes 80% of its revenue abroad and the United States represents Criteo’s top market.
France, an attractive country for JB Rudelle, Cofounder and CEO of Criteo
“Although we make 80% of our revenues from outside markets, we have chosen Paris for our global R&D center. Thanks to a generous research tax credit and world-class engineering schools, France has undeniable advantages for all digital companies who look to develop quickly. Certainly, success in France is possible.”
Fleur Pellerin, Minister for Small and Medium Enterprises, Innovation and the Digital Economy congratulates this “success story” made in France
“Today, we have an urgent need to put forward examples like that of Criteo which are indeed rare in France and which show that there can be success despite these turbulent economic times. I believe that we will have succeeded in our mission if in the long run, I can inaugurate more “Criteos” several times a week.”
Jean-Louis Missika, Deputy Mayor of Paris in charge of innovation, research and universities, reminds the public that Paris is a very attractive city for entrepreneurs
“Criteo is a success story, a parable of innovation that we try to encourage in Paris. We hope to see emerge ten, twenty, a hundred “Criteos” in the following years, proof that we are able to incubate innovative companies.”
CriteoLabs Opening Ceremony in the presence of Criteo's major clients and partners