Advance

    OverviewSuggest Edit

    Advance is a company that operates and invests in a broad range of media, communications, technology, and education businesses. Its major portfolio companies include:

    TypePrivate
    Founded1922
    HQNew York, NY, US
    Websiteadvance.com
    Employee Ratings3.1

    Latest Updates

    Employees (est.) (Feb 2021)498
    Revenue (FY, 2018)$2 B(-9%)
    Cybersecurity ratingCMore

    Key People/Management at Advance

    Janine Shelffo

    Janine Shelffo

    Chief Strategy and Development Officer
    Bei Saville

    Bei Saville

    Chief Investment Officer, Treasury and Fingerboard Family Office
    Mitchell Salamon

    Mitchell Salamon

    Chief Tax Officer
    Bob Koontz

    Bob Koontz

    Chief Procurement Officer
    Michael Fricklas

    Michael Fricklas

    Chief Legal Officer and Secretary
    Marc Katz

    Marc Katz

    Executive Vice President, Strategic Investments & Acquisitions
    Show more

    Advance Office Locations

    Advance has an office in New York
    New York, NY, US (HQ)
    285 Fulton St
    Show all (1)

    Advance Financials and Metrics

    Summary Metrics

    Founding Date

    1922
    Show all financial metrics

    Advance Revenue

    Advance's revenue was reported to be $2 b in FY, 2018 which is a 9.1% decrease from the previous period.
    USD

    Revenue (FY, 2018)

    2.0b

    Revenue growth (FY, 2017 - FY, 2018), %

    (9.1%)
    USDFY, 2016EFY, 2017EFY, 2018E

    Revenue

    2.4b2.2b2.0b

    Revenue growth, %

    (8%)(9%)
    Show all financial metrics

    Advance Acquisitions / Subsidiaries

    Company NameDateDeal Size
    The IRONMAN GroupJuly 20, 2020$730 m
    TurnitinMarch 06, 2019$1.75 b
    Stage EntertainmentNovember 16, 2018
    The Esports ObserverOctober 25, 2018
    NewzooOctober 10, 2018
    1010dataAugust 03, 2015$500 m
    1010data, Inc.
    Acbj Business Journals, Inc
    Advance Magazine Publishers Inc.
    American City Business Journals, Inc.
    Show more

    Advance Cybersecurity Score

    Cybersecurity ratingPremium dataset

    C

    73/100

    SecurityScorecard logo

    Advance Online and Social Media Presence

    Embed Graph

    Advance News and Updates

    Advance Completes Acquisition of the Ironman Group

    Advance announced it has completed its acquisition of The IRONMAN Group from Wanda Sports Group. The transaction was first announced on March 26, 2020. Orkila Capital, a growth equity firm focused on investments in the media, entertainment and consumer sectors, partnered with Advance as a co-investo…

    Rocket startup Astra trying for an orbital launch again in July, renewing fundraising efforts

    Rocket builder Astra will try again for its first orbital rocket launch in July, as the San Francisco-area startup navigates the coronavirus pandemic environment while trying to begin flying satellites to space regularly.

    Advance Blogs

    ADVANCE TO ACQUIRE THE IRONMAN GROUP FROM WANDA SPORTS GROUP

    Advance announced today that it has entered into a definitive stock purchase agreement with Wanda Sports Group Company Limited (NASDAQ: WSG) to acquire The IRONMAN Group in an all-cash transaction.

    SCOPELY ADDS $200M IN STRATEGIC FINANCING FROM ADVANCE & THE CHERNIN GROUP, BRINGING SERIES D TO $400M

    March 19, 2020 -- Scopely, a leading company in the fast-growing mobile games space, today announced an additional $200M in Series D funding from Advance, a private family-owned business that invests in a broad range of  media and technology companies, and The Chernin Group (TCG), a consumer-focused…

    ALLIED MINDS COMPLETES SALE OF HAWKEYE 360 STAKE

    HawkEye 360 Inc., the first commercial company to use formation flying satellites to create a new class of radio frequency (RF) data analytics, today announced that Advance has become the company's largest shareholder after successfully purchasing Allied Minds' minority stake. Additionally, Adva…

    WSJ: VANITY FAIR OWNER STAGES ITS NEXT ACT, WITH MUSICAL THEATER, ESPORTS AND SATELLITE LAUNCHES

    Advance Publications is investing $10 billion outside its core media business to ease reliance on ad revenue

    ALLIED MINDS CONDITIONALLY AGREES TO SELL STAKE IN HAWKEYE 360

    HawkEye 360, the first commercial company to use formation flying satellites to create a new class of radio frequency (RF) analytics, today announced its founding investor, Allied Minds, has conditionally agreed to sell its entire stake to Advance. Advance has also committed to investing primary…

    Advance Frequently Asked Questions

    • When was Advance founded?

      Advance was founded in 1922.

    • Who are Advance key executives?

      Advance's key executives are Janine Shelffo, Bei Saville and Mitchell Salamon.

    • How many employees does Advance have?

      Advance has 498 employees.

    • What is Advance revenue?

      Latest Advance annual revenue is $2 b.

    • What is Advance revenue per employee?

      Latest Advance revenue per employee is $4 m.

    • Who are Advance competitors?

      Competitors of Advance include The Madison Square Garden Company, Group Nine Media and Kraft Group.

    • Where is Advance headquarters?

      Advance headquarters is located at 285 Fulton St, New York.

    • Where are Advance offices?

      Advance has an office in New York.

    • How many offices does Advance have?

      Advance has 1 office.