DirectoryM, one of the fastest-growing local advertising platforms on the Web, today announced new services targeted squarely at the fast-growing, U.S. Hispanic and Latin American markets. With this initiative DirectoryM now offers content partners and advertisers a vehicle to engage with more diverse and local online audiences in Spanish and Portuguese speaking markets in the U.S. and Latin America.
In the United States alone, the Latino population presents a huge marketing opportunity for local advertisers. With an estimated purchasing power of more than $680 billion, according to Kalorama Information, Latinos are the most rapidly-expanding market in the United States. However, even as the market for local online advertising expands, the Hispanic/Latino market remains vastly underserved. According to Hispanic Business, 48 percent of Hispanic American Internet users prefer Spanish language destinations.
“We’ve achieved tremendous success in testing our solutions with different languages, priming us for a strong entry and leadership position within the Spanish speaking market. In some instances, we’ve seen 30 percent week over week growth.” said Hans Orejuela, VP of content, DirectoryM. “With three of our company founders being of Latin descent, this was a natural progression for our business.”
DirectoryM currently reaches visitors at more than 200 regional media sites and garners more than 2 million unique visitors each month. With this expansion, DirectoryM can now offer content publishers and advertisers the benefits of wide distribution and a more diverse audience.
“This is an opportune time to pursue the local advertising market in Latin America, starting with Mexico and expanding to Brazil and Argentina,” said William Pasos, VP of expansion, DirectoryM. “As the first to penetrate these markets, we believe in the power and strengths of these economies.”
Based in Cambridge, Mass., DirectoryM provides one of the fastest-growing local advertising platforms on the Web. The DirectoryM network is the first technology solution for online publishers to monetize their traffic and their content. Publishers on the DirectoryM network provide their readers with a highly-integrated directory that marries hyper-local advertisements with unbiased content from trusted sources such as PC World and NHIOndemand (Natural Health Information).
Founded in 2002, the company was purchased by its employees and relaunched in January, 2008. More information can be found at www.DirectoryM.com.