Fusion Corporate Partners

WPP has taken a stake in Muzy, Inc., an early-stage microblogging service focused on mobile content creation. Muzy has attracted over 20 million users globally and is adding more than 1 million new users each month.

The investment is being made through WPP Ventures, based in Silicon Valley and run by President Tom Bedecarré. He is also Chairman of AKQA. WPP Ventures explores early-stage investments in new technology companies that offer innovative solutions to WPP clients and strengthen the capabilities of WPP.

Headquartered in San Francisco, Muzy was launched in 2011 by its cofounders, CEO Andrew Chen and CTO Matt Rubens. Like manyweb publishing startups, Muzy currently employs less than 10 people. Muzy will use the investment proceeds to further scale the engineering team and build out the suite of creative publishing tools for the Muzy platform. It offers more than 50 mobile publishing tools and a global network for sharing content and is a Top 100 photo app in 70+ countries.

UK, London & USA, San Francisco

Related articles:

• WPP to acquire a 49% stake in Heureka Group in Poland Posted on June 6, 2013
• WPP acquires Sinotrust Market Research in China from Experian Posted on May 13, 2013
• WPP announces results for the year ended 31 December 2012 Posted on May 2, 2013
• WPP makes strategic investment in SFX Entertainment March 18, 2013
• WPP’s XM acquires majority stake in Thomas Idea in Thailand March 14, 2013
• WPP acquires john st. a creative agency in Canada posted on March 7, 2013
• WPP reports better-than-expected full-year 2012 results Posted on March 1, 2013
• WPP acquires digital agency Salmon Posted on January 24, 2013WPP acquires remaining shares of three Colombian agencies Posted on January 11, 2013
• WPP’s GroupM acquires majority stake in PLAY Communication Posted on January 3, 2013
• WPP acquires stake in Globant Posted on January 3, 2013
• WPP to acquire a majority stake in Filmworks China Posted on December 18, 2012
• WPP’s GroupM acquires a majority stake in Netbooster Asia Posted on November 13, 2012
• Commarco/WPP acquires majority interest in digital agency KKLD in Germany Posted on July 24, 2012
• WPP Digital acquires majority stake in marketing technology solution group Acceleration Posted on July 23, 2012
• Millward Brown to acquire consumer insight company, Cadem Advertising, in Chile Posted on July 23, 2012
• Kantar completes the acquisition of a majority stake in Press Index S.A. in France Posted on July 17, 2012
• JWT acquires majority stake in digital agency, Activeark Oy in Finland Posted on July 17, 2012
• Ogilvy & Mather acquires majority stake in Foster, a digital agency in Brazil Posted on July 17, 2012
• Kantar to acquire a majority stake in Press Index S.A. in France Posted on July 6, 2012
• GroupM, WPP’s global media investment management arm, to acquire Alchemedia Posted on July 2, 2012
• Burson-Marsteller to acquire i&e SAS Posted on June 25, 2012
• WPP to acquire AKQA Posted on June 20, 2012
• WPP plc to acquire 87% of Press Index S.A posted on June 14, 2012
• Ogilvy & Mather acquires stake in Istropolitana Group posted on June 18, 2012
• JWT to acquire majority stake in Hungama Digital Services in India Posted on June 13, 2012
• KBM Group to acquire a majority stake in digital data agency Predictys SAS Posted on May 29, 2012
• Ogilvy & Mather to acquire a stake in Today Advertising in Myanmar posted on May 21, 2012
• WPP’s Possible Worldwide acquires Grape LLC in Russia Posted on May 18, 2012
• WPP’s Penn Schoen Berland acquires First Movies International Posted on April 19, 2012
• WPP Digital invests in mySupermarket Posted on April 19, 2012
• WPP acquires EffectiveUI Posted on April 16, 2012
• WPP acquires stake in multinational retail marketing agency, Barrows Posted on April 16, 2012
• WPP to acquire Carnation Internet Tanácsadó Zrt in Hungary Posted on April 16, 2012
• WPP acquires Crowdverb, an advocacy firm in the US Posted on April 16, 2012
• WPP’s Kantar Retail to acquire minority interest in retail consultancy GME in the UAE Posted on April 16, 2012
• JWT to acquires stake in digital agency, Converge Technologies in Pakistan Posted on March 20, 2012
• 24/7 Real Media acquires digital video advertising company Panache Posted on December 6, 2011
• Possible Worldwide Acquires Brazilian Digital Agency Grïngo posted on June 3, 2011
• WPP Acquires a Majority Stake in F.biz, the Largest Independent Digital Agency in Brazil Posted on June 3, 2011
• WPP acquires Who Digital in Vietnam Posted on March 23, 2011
• WPP Digital acquires Blue State Digital Posted on December 30, 2010
• WPP acquires Marketing Direct Posted on December 9, 2010
• WPP acquires consumer and business transaction data firm I-Behavior Posted on November 10, 2010
• ghg acquires Geoff Howe Marketing Communications Posted on August 29, 2010
• WPP Digital takes stake in digital advertising measurement firm in China Posted on August 13, 2010