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Are there any ad serving systems, that allow webmasters to serve ads from their clients on their sites? The client provides an image/text and a link and the website displays the ad in designated spaces. The website would display only ads from their own customers (nothing from a public ad network like adsense).

Can you please provide examples of such ad serving solutions? Preferrably free/opensource.

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Openx

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free, and awesome – Frank Nov 29 '10 at 13:33

You can use an ad server like AdSpeed.com to manage, serve and track ads provided by your advertisers/clients.

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