Combined 2009 revenue was $5.3 million for Web development and search agency.
WPP Group acquired two Brazilian digital agencies, Midia Digital and I-Cherry, for undisclosed sums. The London-based holding company plans to operate the shops as standalone units for now, according to a Latin America region EVP.
Midia Digital, based in Sao Paolo with 91 employees, offers services including Web development and creative development. Its clients include HSBC, Johnson & Johnson, Brazilian insurer Porto Seguro, and online classifieds site Zap. I-Cherry is a 34-person search agency based in the city of Curitiba with Match.com and Hotels.com among its clients.
The agencies' combined 2009 revenues were $5.3 million, and WPP estimated their gross assets at $1.5 million. The company did not break out revenue or profit figures for the two agencies .
On the heels of a fantastic event in New York City, ClickZ Live is taking the fun and learning to Toronto, June 23-25. With over 15 years' experience delivering industry-leading events, ClickZ Live offers an action-packed, educationally-focused agenda covering all aspects of digital marketing. 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.
Hong Kong, May 5-6, 2015
Gartner Magic Quadrant for Digital Commerce
This Magic Quadrant examines leading digital commerce platforms that enable organizations to build digital commerce sites. These commerce platforms facilitate purchasing transactions over the Web, and support the creation and continuing development of an online relationship with a consumer.
Paid Search in the Mobile Era
Google reports that paid search ads are currently driving 40+ million calls per month. Cost per click is increasing, paid search budgets are growing, and mobile continues to dominate. It's time to revamp old search strategies, reimagine stale best practices, and add new layers data to your analytics.
May 6, 2015
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