dmg media sells Jobrapido and Broadbean to Symphony Technology Group

evenbaseEvenbase, dmg media‘s digital recruitment business, has disposed of its job distribution software business, Broadbean, to CareerBuilder and its job search engine, Jobrapido, to Symphony Technology Group. These disposals follow the disposal of the specialist recruitment job board, OilCareers, to Dice Holdings, Inc. in March 2014.

Kevin Beatty, CEO of dmg media, said: “CareerBuilder is a premiere HR Software as a Service (SaaS) provider, specialising in talent management software and deep labour market intelligence. Broadbean’s SaaS offering for job distribution, candidate sourcing and big data analytics is a natural complement. The terms of the deal were not disclosed.

During the year to 30 September 2013 the total revenues from the three businesses, Jobrapido, Broadbean and OilCareers, were £47 million and total operating profits were £6 million.

USA, Palo Alto, CA & UK, London

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Johnston Press sells its Irish titles to Iconic Press

Johnston Press plc is selling Formpress Publishing Limited, which holds the trade and assets of its Republic of Ireland operations, to Iconic Newspapers Ltd for £7.2 million.

Following the Disposal, the Group will have no ongoing trading operations in the Republic of Ireland, other than the retention of certain leasehold and freehold property interests. The Group will continue to provide printing facilities to Iconic Newspapers Ltd for a certain period post Disposal. It is also intended that certain leasehold properties will be sub-leased to Formpress post Disposal. The Group is retaining its Northern Irish titles including The Newsletter and Derry Journal (which are also sold in the Republic).

Iconic Newspapers Limited is a company in the same corporate group as Mediaforce Limited, which is the Group’s national advertisement sales representative in the United Kingdom, and is ultimately owned by Malcolm Denmark.

For the 52 weeks ended 28 December 2013, the operating profit before exceptional items for the assets subject to the Disposal amounted to €1.3 million.

Chief Executive Officer of Johnston Press, Ashley Highfield, said: “The disposal of our trade and assets in the Republic of Ireland will increase our ability to focus on the growth of our business in the United Kingdom and in particular our digital initiatives, in line with our stated strategy. We believe that it is in the Group’s best interests to dedicate our resources to these opportunities.

I would like to thank the staff of our Irish business for their loyalty and dedication over the years and we wish them well for a successful future.”

UK, Edinburgh & Ireland, Dublin

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Johnston Press interim profits halve Posted on August 26, 2011


WPP’s Wunderman acquires FusePump in UK

wppWPP‘s wholly-owned operating company Wunderman, the world’s largest digital agency network, has acquired FusePump Limited, a company specialising in product data and content for digital marketing.

Based in London, FusePump extracts product data from e-commerce websites and other data sources, making it available for integration into hundreds of marketing channels and advertising applications.  By distributing data into multiple online channels, FusePump helps retail, travel, mobile and entertainment companies realise their full digital marketing potential.  FusePump employs 50 people and clients include Nokia, Sky, Sony, Tesco, and ASOS.

FusePump’s consolidated unaudited revenues for the year ended 31 December  2013 were £3.0 million, with gross assets of £0.9 million as at the same date.

UK, London

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CloserStill acquires pharmacy trade show Pharmagora from NewsMed

closerstill2Exhibition News is reporting that CloserStill has acquired pharmacy trade show Pharmagora from NewsMed. The terms of the deal were not disclosed. The acquisition was completed 48 hours before the 2014 show opened its doors at Paris Expo on 29 March.

The show will be renamed PharmagoraPlus.

Pharmagora is the second event CloserStill runs in France. In 2013, it launched France Vet, modelled on the London Vet Show.

Read the full story here.

UK, London & France, Paris

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Porta acquires Digital and Print & Design units

Porta Communications plc, the AIM quoted international marketing and communications business, has acquired two businesses from WSM Communications Group Limited. The deal is to be financed by the issue of 7,500,000 ordinary shares of 10p each in Porta at a price of 14.075p per share, with 5,723,802 of the Consideration Shares subject to a 12 month lock-in agreement and a further 12 month orderly market agreement. The remainder of the Consideration Shares are subject to a three month orderly market agreement.

The two businesses incorporate a digital team of 12 specialists and seven print management and design specialists, providing between them full studio design and art-working capabilities and a full digital design and production unit, servicing a range of blue-chip clients. The business units generated approximately £1.3m of fee income and a small profit in aggregate in the 11 month period to February 2014.

WSM will continue to work closely with the units sold to Porta with a commitment to place digital, design and print activation work where possible to these businesses.

Commenting on the transaction, Group CEO, David Wright said: “Through our advertising agency 21:12 we are already working with the digital team on a number of client projects and are witnessing how their digital capabilities are significantly enhancing our ability to offer existing and new clients digital solutions to their wide ranging communications needs. We are also very excited to welcome the highly successful design and print team who I am sure will continue to thrive within the Porta network and client base”.

Andrew White, WSM Communications Group CEO said: “It was important for our ongoing business to find the right home for our digital, design and print teams, and we are delighted to have sold them to such a high growth business like Porta Communications who fully recognise the role they will have as a key part of Porta Communications’ future development.”

Application will be made to the London Stock Exchange for the Consideration Shares to be admitted to trading on AIM. It is expected that admission will occur and that dealings will commence at 8.00 a.m. on 3 April 2014. Following admission of the Consideration Shares, the Company’s total issued share capital will consist of 223,467,153 Ordinary Shares with one voting right per share. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure and Transparency Rules.

UK, London

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JWT to acquire majority stake in Social Wavelength in India

wppWPP’s wholly-owned operating company, JWT, the global marketing communications agency, has agreed to acquire a majority stake in Social Wavelength, one of the leading social media agencies in India.

Founded in 2009, Social Wavelength is headquartered in Mumbai, with offices in Delhi and Chennai. The company employs over 170 people and key clients include Franklin Templeton, Apollo Hospitals, Idea Cellular and GE India Industrial.

Social Wavelength’s revenues for the year ended 31 March 2013 were INR 91.5 million, with gross assets at the same date of INR59.2 million.

UK, London & India, Mumbai

WPP to acquire XMKT Group, a marketing services agency in China

wppWPP has agreed to acquire XMKT Group, a marketing services agency specialising in customer experience management.

Founded in 2010, XMKT Group has four main divisions: Events – providing strategy, concept and design as well as on-site execution and coordination of events for clients; Retail – specializing in marketing and promotional activities in entertainment facilities or retail shopping malls; Entertainment – offering consultancy on procurement and incorporation of entertainment properties; and Digital – providing digital marketing strategy.

XMKT Group is headquartered in Shanghai with offices in Beijing, Guangzhou and Chengdu, as well as onsite management capabilities across 67 Chinese cities. The Group employs approximately 253 people. Key clients include Diageo and Uniqlo.

For the year ending 31 December 2013, XMKT had unaudited revenues of RMB 126 million, with gross assets of RMB 138 million as at the same date.

UK, London & China, Shanghai


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