2nd Aug 2016 12:05
LONDON (Alliance News) - Advertising and marketing group WPP PLC on Tuesday said its J Walter Thompson Co communications agency has acquired US-based digital agency iStrategy Labs LLC.
iStrategy Labs is based in Washington, DC with an office in New York. Founded in 2007, it is a full-service digital agency, with clients including grocer Kroger and television network USA.
No financial details were disclosed on the acquisition, but WPP noted iStrategy Labs made USD12.4 million in revenue in 2015.
Shares in WPP were down 0.3% to 1,691.32 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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