New York-based Quigo is known for its large advertising platform called AdSonar. AdSonar provides contextual advertisements based on keywords for any given website similar to Google AdSense.
Currently, Quigo provides services to ABC News, Hollywood.com, ESPN.com, Forbes.com, FOXNews.com, CareerBuilder.com, and USAToday.com.
America Online is currently putting together a deal to acquire the advertising company for $300 million. Kara Swisher of AllThingsD broke the news.
Quigo raised a total of $45 million in funding from Steamboat Ventures, Highland Capital, Glenrock Ventures, IVP, and Meritech Capital Partners.
