OpenX Shows Impressive Growth, Ramps Up Revenue Streams

OpenX (which used to be called Openads ), provider of an open-source ad serving solution for web publishers - we use it at TechCrunch -, is growing like weed under the leadership of former AOL CEO Jonathan Miller , who is the company's chairman, and ex-Yahoo executive Tim Cadogan who is CEO. According to the company, they're serving well over 300 billion ad impressions through its software as of this month, while its Hosted product line has achieved a more than 1 billion monthly ad impression run rate. In August 2008, OpenX announced the launch of version 2.6, an update to its downloadable ad server and introduced a couple of features which spurred usage of the system, including a new API, dashboard and a speedier ad tagging system.