LiveRamp Bundle
Who Owns LiveRamp?
LiveRamp's ownership journey is marked by a significant spin-off from Acxiom Corporation in October 2018. This strategic move led to the rebranding of the former Acxiom as LiveRamp, now trading under the NYSE ticker RAMP. This transition allowed the company to sharpen its focus on its data connectivity platform.
Founded in 2011 as a spinout of RapLeaf, LiveRamp has evolved into a public entity specializing in identity resolution. Its LiveRamp BCG Matrix analysis would likely show its core data connectivity platform as a star, given its market position.
As of August 1, 2025, LiveRamp, headquartered in San Francisco, California, operates as a public company with a market capitalization of approximately $2.11 billion. The company reported revenue of $729 million in 2024, demonstrating its substantial presence in the data collaboration and identity resolution sector.
Who Founded LiveRamp?
LiveRamp's journey began in 2011, co-founded by Travis May and Auren Hoffman. It originated as a spinout from RapLeaf, a company established in San Francisco in 2005 by Hoffman and Manish Shah. Other key early contributors to RapLeaf and LiveRamp included Vivek Sodera, Jeremy Lizt, Dayo Esho, and Sean Carr, with Dan Scudder being credited for the company's name.
Founding Team
LiveRamp was co-founded in 2011 by Travis May and Auren Hoffman. It emerged from RapLeaf, a company founded in 2005.
Early Contributors
Vivek Sodera, Jeremy Lizt, Dayo Esho, and Sean Carr were also early figures. Dan Scudder coined the name 'LiveRamp'.
Initial Equity Details
The specific equity distribution among the founders at LiveRamp's private inception is not publicly disclosed.
Acquisition by Acxiom
On May 14, 2014, Acxiom Corporation acquired the privately held LiveRamp for approximately $310 million in cash.
Financial Snapshot at Acquisition
At the time of the acquisition, LiveRamp reported around $30 million in Annual Recurring Revenue (ARR) and held a significant market share.
Post-Acquisition Structure
Acxiom kept LiveRamp as a distinct unit, with Travis May continuing to lead the team, maintaining operational autonomy.
The acquisition by Acxiom marked a pivotal moment, transitioning LiveRamp from its early private ownership to a subsidiary status. This strategic move, championed by Acxiom's CEO Scott Howe, aimed to leverage LiveRamp's market position while preserving its operational structure. This period laid the groundwork for LiveRamp's future as an independent public company, influencing its trajectory and Mission, Vision & Core Values of LiveRamp.
Key Ownership Transition
The acquisition by Acxiom Corporation in May 2014 for approximately $310 million fundamentally altered LiveRamp's ownership structure.
- LiveRamp was a privately held company before the acquisition.
- Acxiom maintained LiveRamp as a separate business unit post-acquisition.
- Travis May continued to lead the LiveRamp team following the acquisition.
- This acquisition was a significant event in LiveRamp's company profile.
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How Has LiveRamp’s Ownership Changed Over Time?
LiveRamp's ownership structure saw a significant shift in October 2018 when Acxiom Corporation spun off its marketing services division, leading to the renaming of the remaining entity to LiveRamp Holdings, Inc. This move effectively established LiveRamp as an independent, publicly traded company on the NYSE under the ticker RAMP, marking its distinct journey in the public market separate from its prior acquisition by Acxiom in 2014.
| Shareholder | Shares Held (as of March 31, 2025) | Percentage of Ownership |
|---|---|---|
| BlackRock, Inc. | 11,505,538 | 17.45% |
| Vanguard Group Inc. | 9,131,290 | N/A |
| Dimensional Fund Advisors Lp | 2,652,179 | N/A |
| Schroder Investment Management Group | 2,650,583 | N/A |
| Institutional Investors (Total) | N/A | 95.17% |
| Insider Holdings (April 2025) | N/A | 3.01% |
As of April 2025, institutional investors are the dominant force in LiveRamp's ownership, collectively holding approximately 95.17% of the company's shares. This substantial institutional backing highlights LiveRamp's position as a widely held public entity. Among the key institutional shareholders as of March 31, 2025, BlackRock, Inc. leads with 11,505,538 shares, representing 17.45% of the total. Vanguard Group Inc. and Dimensional Fund Advisors Lp also maintain significant holdings, alongside Schroder Investment Management Group. Insider holdings, in contrast, represent a much smaller fraction of ownership, remaining stable at 3.01% in April 2025. This concentration of ownership among institutional investors aligns LiveRamp's governance with typical expectations for public technology companies, emphasizing transparency and shareholder value.
Understanding LiveRamp's Shareholder Landscape
LiveRamp's shareholder base is heavily dominated by institutional investors, indicating strong confidence from major financial entities. This structure influences the company's strategic direction and governance.
- Institutional investors own over 95% of LiveRamp shares as of April 2025.
- BlackRock, Inc. is the largest institutional shareholder with 17.45% ownership.
- Insider holdings represent a minimal portion of the total LiveRamp ownership.
- The company's public market journey began in earnest after its 2018 spin-off.
- Understanding Growth Strategy of LiveRamp provides context for investor interest.
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Who Sits on LiveRamp’s Board?
LiveRamp Holdings, Inc. is overseen by a Board of Directors comprising eight members, with the flexibility to adjust this number as per the company's bylaws. The board operates under a staggered structure, meaning directors are elected for three-year terms, with classes designed for balanced representation. This structure ensures continuity while allowing for periodic refreshment of perspectives.
| Director Name | Current Role | Term Expiration (Nominal) |
|---|---|---|
| Scott E. Howe | CEO and Director | |
| John L. Battelle | Director | |
| Timothy R. Cadogan | Director | |
| Vivian Chow | Director | |
| Clark M. Kokich | Director | 2025 (Nominated for re-election until 2028) |
| Brian O'Kelley | Director | 2025 (Nominated for re-election until 2028) |
| Jerry Jones | EVP, Chief Ethics and Legal Officer | |
| Lauren Dillard | EVP, Chief Financial Officer |
The company's voting power is structured around a standard one-share-one-vote principle for its common stock. As of May 16, 2025, there were 64,991,785 shares outstanding, a slight decrease from the 66,153,860 shares recorded on May 17, 2024. Public filings do not indicate the existence of dual-class shares or other mechanisms that would grant disproportionate voting power to any specific shareholders, aligning with typical corporate governance for publicly traded entities. Recent proxy statements, such as those from June 2025, outline key voting matters, primarily concerning the election of directors and executive compensation plans, without highlighting any significant shareholder disputes or activist campaigns that might influence LiveRamp ownership dynamics.
Understanding LiveRamp's Governance
LiveRamp's corporate structure emphasizes a balanced approach to governance and shareholder representation. The board's staggered terms aim to ensure experienced leadership while facilitating regular shareholder input.
- Staggered board structure for continuity.
- One-share-one-vote for common stock.
- Emphasis on ethical standards by directors.
- Regular review of equity compensation plans.
- Shareholders can review detailed voting matters in proxy statements.
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What Recent Changes Have Shaped LiveRamp’s Ownership Landscape?
Over the past few years, LiveRamp has strategically evolved its ownership and operational landscape, marked by key acquisitions and a consistent focus on shareholder value. The company's proactive approach aims to bolster its data collaboration capabilities and expand its market reach.
| Acquisition | Date | Value |
|---|---|---|
| Habu | January 2024 | $200 million |
| DataFleets | February 2021 | Not Disclosed |
| Data Plus Math | June 2019 | $150 million |
LiveRamp has demonstrated a commitment to enhancing its shareholder returns through active share repurchases, returning $101 million in fiscal year 2025. This financial strategy underscores a dedication to increasing value for LiveRamp investors. The company's leadership, with CEO Scott Howe at the helm for over 14 years as of 2025, provides a stable foundation for its strategic initiatives. Institutional investors remain the dominant ownership group, holding approximately 95.17% of the company's stock as of April 2025, indicating strong confidence from major financial entities in LiveRamp's long-term prospects.
Strategic Acquisitions
Recent acquisitions like Habu in 2024 and DataFleets in 2021 have significantly expanded LiveRamp's data collaboration and analytics offerings.
Shareholder Returns
The company actively repurchased shares, returning $101 million in fiscal year 2025, highlighting a focus on enhancing shareholder value.
Leadership Stability
Scott Howe's tenure as CEO since 2011 provides consistent leadership, guiding the company's strategic direction and growth initiatives.
Institutional Ownership
With institutional investors holding 95.17% of the company as of April 2025, LiveRamp ownership reflects strong backing from major financial players.
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