DMGT – trading update for the six-month period to the end of March 2012

April 17, 2012 — Fusion DigiNet

DMGT has issued an update on the Group’s progress in the current year. It covers the six-month period to the end of March 2012.

Summary

–       Solid Group revenue performance, up 2% underlying

–       Good underlying growth from B2B operations

–       Resilient revenue performance at Associated; circulation and digital revenue growth largely offsetting print advertising weakness

–       Active portfolio management; targeted acquisitions and disposal of non-core assets

–       Outlook for the year remains unchanged.

 

Acquisition activity

Active portfolio management has seen further bolt-on acquisitions, including:

–       Intelliworks – a top provider of relationship management solutions for higher education (dmgi – Hobsons)

–       PrepMe – a leader in adaptive learning technologies and test preparation programs (dmgi – Hobsons)

–       SpringRock – a cutting-edge provider of dynamic production forecasts for the oil & gas industry (dmgi – Genscape)

–       Global Grain Geneva and Global Grain Asia – international grain trading conferences (Euromoney) (A Fusion deal – click here for details)

–       Jobrapido – one of the world’s largest job search engines (Associated -Evenbase)

This continuing portfolio management activity has also seen A&N Media selling its interests in Top Consultant, motors.co.uk and Teletext.

Yesterday, the Office of Fair Trading gave clearance for the proposed merger between the Digital Property Group and Zoopla to go ahead.

Read the full announcement here

UK, London

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WPP acquires EffectiveUI

April 16, 2012 — Fusion DigiNet

WPP has acquired all the assets of EffectiveUI, Inc., a leading user experience agency that designs and develops custom web, mobile, desktop and touch-enabled applications.

Founded in 2005, EffectiveUI is based in Denver, Colorado with an additional office in Rochester, New York and employs 100 people. Specializing in customer insight and user-centered design and development, EffectiveUI has helped companies such as AAA, American Greetings, Boeing, National Geographic, Navy Federal Credit Union, CenturyLink and TIAA-CREF improve digital interactions with customers. Inc. magazine has named EffectiveUI to its annual list of America’s fastest growing private companies – the Inc. 500/5000 – for three consecutive years.

EffectiveUI’s unaudited revenues for the year ended 31 December 2011 were $20.8 million, with gross assets at the same date of $6 million.

USA, Denver, CO

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Aegis Group to acquire Beijing eLink Advertising Co.

March 5, 2012 — Fusion DigiNet

Media and digital marketing group Aegis Group plc has entered into an agreement to acquire Beijing eLink Advertising Co., Ltd, a digital agency in China. The transaction is expected to close in the second quarter of 2012. eLink’s gross assets as of 31 December 2011 were £3.0 million.

Founded in 2007, eLink is a media-skilled full service digital agency specialising in marketing communications strategy, online media buying and online PR, as well as website design. eLink has grown rapidly, clients, include CMCC (China Mobile Communications Corporation), COFCO (China National Cereals, Oils and Foodstuffs Corporation) and ICBC (Industrial and Commercial Bank of China).

eLink will become part of the Isobar network in China.

China, Beijing

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