Ogilvy & Mather acquires a majority stake in PennyWise

wppWPP’s wholly owned operating company Ogilvy & Mather is to acquire a majority stake in PennyWise Solutions Pvt. Ltd. , a digital technology and production company in India. The terms of the deal were not disclosed.

Founded in 2003 and based in Hyderabad, PennyWise offers a wide range of digital services, including custom application development, mobile application development, SEO, digital listening, online consumer response management systems, data analytics and business intelligence, network support and infrastructure management services.

PennyWise employs more than 140 people. The agency had unaudited revenues of INR 119.2 million, for the year ending March 2013, and gross assets of INR 68.3 million, at the same date. PennyWise clients include Vodafone India, Johnson & Johnson, and LIN Digital.

UK, London & India, Hyderabad

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