Stockholm-based FarFar is Isobar's 10th acquisition in seven months.
Aegis-owned Isobar continued its agency shopping spree today with the acquisition of Swedish creative firm FarFar. The Stockholm-based interactive agency is the 10th acquisition undertaken by Isobar in seven months.
"FarFar is one of the preeminent digital creative agencies globally," said Nigel Morris, president of Isobar. "They're seen as very influential and directional. They very much believe in the same sort of vision, the same sort of spirit, we do. We've got to build communication and advertising experiences that are much more engaging."
The purchase of FarFar comes close on the heels of Isobar's acquisition of de-construct, a U.K.-based creative firm. Morris said though it may look like the holding company is on a merger binge, all its recent deals have been in the works for some time. He said Isobar started talks with FarFar a full year ago.
All of FarFar's approximately 20 employees will stay with the agency, which has won Cyber Lion awards for work it did for Absolut, Red Bull, and other clients.
Acquisition terms were not disclosed, but Morris said they were roughly similar to the de-construct deal. Isobar paid $2.23 million up front for that firm, with additional deferred payments of up to $9 million tied to performance benchmarks.
August 10-12: Revolutionize your digital marketing campaigns at ClickZ Live San Francisco! Educating marketers for over 15 years, our action-packed, educationally-focused agenda covers every aspect of digital marketing. Early Bird rates available through Friday, July 17 - save up to $300! Register today.
Until March 2012, Zach Rodgers was managing editor of ClickZ's award-winning coverage of news and trends in digital marketing. He reported on the rise of web companies, data markets, ad technologies, and government Internet policy, among other subjects.
US Consumer Device Preference Report
Traditionally desktops have shown to convert better than mobile devices however, 2015 might be a tipping point for mobile conversions! Download this report to find why mobile users are more important then ever.
E-Commerce Customer Lifecycle
Have you ever wondered what factors influence online spending or why shoppers abandon their cart? This data-rich infogram offers actionable insight into creating a more seamless online shopping experience across the multiple devices consumers are using.