Diversified Global Holdings Group has completed the acquisition of a 51% majority ownership stake in internet marketing business Miralab.
Miralab was founded in 2008 under the name Promium.ru and is headquartered in Moscow. Miralab provides SEO, SEM and web analytics.
Under the terms of the agreement DGHG will be partnered with RBS Corporation who purchased a 30% stake in Miralab in the second quarter of 2011. RBS was founded in 2004 and is an internet marketing company with over 8 million users, approximately $200 million in annual revenues and 370 employees. Prior management of Miralab retained 19% ownership.
“This acquisition brings long term value to DGHG as an accretive acquisition but we also expect to see an immediate effect on our business consulting services segment as we can now provide companies with greater access to the Russian markets,” said Richard Lloyd, CEO of Diversified Global Holdings Group.
DGHG and RBS intend to quickly expand into the Social Media Marketing sector. The group also projects that Miralab’s revenues will increase approximately 68% in 2012 due to the execution of several new contracts including one recently signed with Panasonic. Miralab currently serves 50 customers.
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