DealMates acquires I Love Discounts

April 22, 2013 — Fusion DigiNet

dealmatesDigital News Asia is reporting that DEAL Mates Sdn Bhd has acquired I Love Discounts, a move that sees Dealmates, which claims to be Malaysia’s No 1 flash sales site, boost its current 500,000 members by an additional 250,000.ilovediscounts

I Love Discounts’ current forecast revenue is an estimated RM7 million (US$2.3 million). The terms of the deal were not disclosed.

I Love Discounts was founded in 2010 by partners Edwin Koh, Andy Teh, Davie Saw and Desmund Hang, as Ilovediscounts.my under Aeterno Sdn Bhd.

The agreement was signed between both parties in February 2013.

Full story

Malaysia, Kuala Lumpur

Posted in Content Media, e-Commerce, Internet Media, ~Asia. Tags: , , . Leave a Comment »

Scripps Networks Interactive Acquires Asian Food Channel

April 18, 2013 — Fusion DigiNet

afcScripps Networks Interactive Inc. has acquired Asian Food Channel (AFC), a food-focused pay television network. The Asian Food Channel, which is based in Singapore, reaches about 8 million subscribers in 11 markets.

“Asia and the rapid growth in pay television households throughout the region hold great promise for Scripps Networks Interactive and its international ambitions,” said Kenneth W. Lowe, the company’s chairman, president and chief executive officer. “Acquiring the Asian Food Channel significantly expands our presence in key growth markets and provides us with a solid foundation on which to build a growing lifestyle media business in the region. The channel aligns perfectly with our lifestyle programming focus.”

The Asian Food Channel broadcasts 24 hours a day, seven days a week and leverages a substantial library of acquired Asian and international video content as well as a growing number of originally-produced programs. The network generates revenues through regional and local advertising sales as well as fees from pay television operators.

Derek Chang, who was appointed recently as managing director of the Asia Pacific region for Scripps Networks Interactive, will oversee the management and integration of the Asian Food Channel. He also will oversee operations of Scripps Networks Interactive’s existing networks in the region.

USA, Knoxville, TN & Singapore

Related articles

Posted in Broadcasting, Content Media, Internet Media, Publishers, ~Asia, ~North America. Tags: . Leave a Comment »

Publicis Groupe to acquire Neev in India

April 18, 2013 — Fusion DigiNet

PublicisPublicis Groupe is to acquire Neev, an Indian technology services providers specialising in eCommerce, SaaS (Software as a Service) and cloud applications across web, social and mobile. Neev will be aligned with Razorfish, one of the largest interactive marketing and technology companies in the world; the acquisition triggers the launch of the Razorfish brand in India.

Founded in 2005 and based in Bangalore, Neev has  grown quickly and now employs a team of 250 specialists.

“Razorfish can now offer scaled expertise in India, complementing its already strong presence in Greater China and Australia,”says Vincent Digonnet, President APAC of Razorfish and Digitas networks. “At the core of Razorfish lies innovation and technology, and we can only launch the brand in a market with a very deep tech development capability. Neev is providing us with the right engine, including an ability to deliver sophisticated state of the art web, ecommerce, mobile and social solutions. In addition, the acquisition will support the development capabilitiesof Razorfish technology teams in the US.”

Earlier this year, Publicis Groupe acquired the digital agency Convonix based in Mumbai and back in 2012 acquired  iStrat (December 2012), Resultrix (August 2012) and Indigo Consulting (April 2012).

The agency will operate as Razorfish Neev led by Neev CEO, Saurabh Chandra . He will report into Kanika Mathur , Managing Director for Razorfish and Digitas India, with a direct connection to Ray Velez , Global CTO for Razorfish.

UK, London & India, Bangalore

Related articles:

Posted in Content Media, Internet Media, Marketing/Advertising, ~Asia, ~Europe. Tags: . Leave a Comment »

CareerBuilder acquires VON (KiemViec.com & HR Vietnam) in Vietnam

March 26, 2013 — Fusion DigiNet

careerbuilderCareerBuilder has acquired VON (KiemViec.com & HR Vietnam) in Vietnam.

KiemViec.com is Vietnam’s second largest career site by revenue, and first by number of registered users. HR Vietnam specialises in recruitment services and human resource solutions for employers.

“The acquisition of VON, provides CareerBuilder an accelerated entry into the Vietnam market – an important step in our Asian expansion,” said Hunter Arnold , President of CareerBuilder Asia Pacific. “The growth potential is high as we combine VON’s expertise with Vietnamese employers and CareerBuilder’s global reach and advance technology and services.”

USA, Chicago, IL & Vietnam

Related articles:

CareerBuilder to acquire JobScout24 Posted on September 13, 2011

Posted in Content Media, Internet Media, ~Asia, ~North America. Leave a Comment »

News Corporation sells stake in Phoenix Satellite Television Holdings

March 22, 2013 — Fusion DigiNet

News Corporation’s wholly-owned subsidiary Star Entertainment Holdings Limited is to sell an approximately 5.28 percent stake in Phoenix Satellite Television Holdings Limited for approximately $92 million. Following the sale, Star Entertainment Holdings Limited’s total ownership stake in Phoenix will be reduced to approximately 12.16 percent.

James Murdoch, Deputy Chief Operating Officer and Chairman and CEO, International, News Corporation, said, “Mr Liu Changle and Phoenix’s accomplishments in the media industry in China are remarkable. We believe the company’s strong position in all of the segments in which it operates, combined with the country’s robust consumer market, will continue to drive growth. Today’s sale is simply a part of our broader global agenda of simplifying our affiliate ownership structures.”

Hong Kong

Related articles:

Posted in Broadcasting, Content Media, ~Asia. Tags: , , . Leave a Comment »

WPP’s XM acquires majority stake in Thomas Idea in Thailand

March 14, 2013 — Fusion DigiNet

wppXM Asia, a division of WPP’s wholly-owned operating company JWT, has acquired a majority stake in Thomas Idea, a digital marketing agency in Thailand.

Founded in 1995 in Bangkok, Thomas Idea employs 45 people and had total assets of around THB 50 million at 31 December 2012. Thomas Idea services include online strategy consulting, website design and development, digital marketing and applications design. Clients include Beiersdorf, Reckitt Benckiser, TIPCO, Abbott Laboratories and Pruska.

UK, London & Thailand

Related articles:

Posted in Marketing/Advertising, ~Asia, ~Europe. Tags: , . Leave a Comment »

Publicis Groupe acquires Convonix

March 11, 2013 — Fusion DigiNet

PublicisPublicis Groupe has acquired Convonix, one of India’s leading Digital Marketing Consulting firms based in Mumbai. The company will align with Starcom MediaVest Group (SMG) in India to provide Search Engine Optimization, Paid Search Marketing, Social Media Marketing and Online Reputation Management to an extensive roster of clients.

Founded in 2003, Convonix was the first Search Engine Optimization organization in India, and currently employs over 200 digital advertising specialists serving clients such as Taj Hotels, Reliance Industries, Kotak Mahindra Group, Club Mahindra, Kodak, Aditya Birla Group, among others. Convonix has a strong international footprint with over 60% of its business coming from overseas. Convonix has also recently developed a proprietary in-house brand monitoring and social listening platform called IrisTrack which enables clients to gather market insight on their products and competitors and also engage customers online to improve their customer service.
The three founding members, Vishal Sampat , CEO, Sarfaraz Khimani , co-COO and Pallav Jain , co-COO, will continue to lead the agency. Convonix will sit within SMG and will operate as SMG Convonix, with two market-facing brands: SMG Digital, and Convonix.
“As the first SEO organisation in India, Convonix has continued to innovate and build the very best digital capability whilst being highly respected for its ability to recruit the best talent from universities each year, and transform them into digital advertising experts through a rigorous training program,” said Laura Desmond , Global Chief Executive Officer for Starcom MediaVest Group. She continues: “Combined with our existing talent in the market, this deal strengthens our offering to ensure we are the market leaders in digital.”
Year on year, Convonix has increased revenues on average 66 percent since 2008.

Srikant Sastri , VivaKi Country Chair for India who is presiding over the acquisition and transition of Convonix, adds: “First Resultrix, and now Convonix. We are now clearly the digital marketing leaders in India, ahead of any other global network. We are positive that this acquisition will set the tone for our next phase of digital pre-eminence both in terms of expertise and revenue and we are continuing to explore other agencies that can help us capitalize on the outstanding potential of the digital marketplace in India.”

France, Paris & India, Mumbai

Related articles:

Posted in Marketing/Advertising, ~Asia, ~Europe. Leave a Comment »

UBM Asia to acquire NOVOMANIA in China

March 7, 2013 — Fusion DigiNet

novomania2UBM Asia has signed a binding agreement with NOVO Mania Limited, the organiser of NOVOMANIA, to acquire the annual urban fashion event in Shanghai. Upon completion, UBM will own 60% of a joint venture company, with NOVO Mania Limited, called UBM Novomania, to organise NOVOMANIA from 2013 onwards.

NOVOMANIA was launched in 2010 as an annual urban fashion event by the NOVO group of companies, a retailing and fashion conglomerate based in Hong Kong that operates and distributes over 50 international brands and has stores across 45 cities in China, and one of its partners, Focus Workshop, an innovative full service agency in China with expertise in luxury brands in beauty and wellness, fashion, real estate and FMCG. By bringing together designers, brands, buyers, distributors, retailers, franchisees, department stores, mall operators, real estate developers and the media, it creates a platform for introducing retail concepts to international brands which are seeking to enter the China market and for providing new business opportunities for domestic brands.

Showcasing the latest trends in major areas of urban fashion such as Denim&Urban, Sports&Street, Shoes&Accessories, Fashion&Chic and Contemporary&Premium, NOVOMANIA held at the Shanghai World Expo Exhibition & Convention Centre inMarch 2012 occupied 25,000 gross sqm of exhibition space and welcomed 117 exhibitors from 13 countries and over 13,000 visitors. This year, Novomania will be held from 17 – 19 July at Shanghai Mart.

Jime Essink , President & Chief Executive Officer of UBM Asia said, “China is already the second-largest apparel market in the world and is set to surpass the US to become the world’s largest market in a few years. We are very pleased to partner with NOVO Mania Limited in the development and growth of this cutting edge fashion event targeted at the very rapidly-growing urban youth segment of the market. This joint venture continues our strategy of focusing on sectors and markets with the most exciting growth potential.”

Mr Guilherme Faria , General Manager of NOVOMANIA, together with his team, will be incorporated into the UBM China (Shanghai) office, reporting to the board of UBM Novomania.

Hong Kong & China, Shanghai & UK, London

Related articles:

 

Posted in Conference/Exhibitions/Events, Content Media, Publishers, ~Asia, ~Europe. Tags: , . Leave a Comment »

Y&R acquires majority stake in Turkish creative digital agency C-Section

March 1, 2013 — Fusion DigiNet

y&rWPP‘s wholly-owned operating company, Y&R, has acquired a majority stake in CS Reklam Hizmetleri Sanayi Ve Ticaret A.Ş., trading as “C-Section“, a creative digital advertising agency based in Istanbul, Turkey.

Founded in 2004, C-Section specialises in creating microsites, apps, digital campaigns and video csection-logo2production/virals for the Turkish market. The agency employs approximately 40 people and clients include Coca-Cola, Vodafone, and TEB BNP Paribas.

C-Section’s unaudited revenues for the year ended 31 December 2012 were TRY 7.5million, with gross assets as at the same date of TRY 3.0million. The agency will retain its distinct independent identity and will not be merged with Y&R Istanbul.

UK, London & Turkey, Istanbul

Related articles:

 

Posted in Marketing/Advertising, ~Asia, ~Europe. Tags: , , . Leave a Comment »

ITE Group acquires Trade Link ITE

February 4, 2013 — Fusion DigiNet

ITEInternational Trade and Exhibitions (JV) Ltd, a wholly-owned subsidiary of exhibitions business ITE Group, has acquired a 75% stake in Trade Link ITE Sdn Bhd, a company registered in Malaysia for approximately £4m.  The remaining 25% of Trade Link is held by Trade Link founder Albert Lai who remains as CEO of the company.

Revenue generated from Trade Link is expected to be circa £2m in FY 2013.

Trade Link runs the successful “Metaltech”, “Automex” and “Weldtech” events that take place together annually in May at Kuala Lumpur’s Putra World Trade Centre.  Focused on the area of machine tool technology and metal fabrication, they are Malaysia’s leading events in this growing sector occupying over 10,000m2 of exhibition space annually. Trade Link also run South East Asia’s largest dedicated event for woodworking, “ASEAN Woodtech”.

Commentating on the acquisition ITE’s Chief Executive Russell Taylor said:  “This acquisition is a strategic move for ITE into the South East Asian exhibition market. Trade Link operates some of South East Asia’s key events in our strongest sectors which are expected to realise good growth in the future.

Related articles:

 

Posted in Conference/Exhibitions/Events, Content Media, ~Asia, ~North America. Leave a Comment »
« Older posts
Newer posts »