26th Mar 2007 10:00
WPP Group PLC26 March 2007 FOR IMMEDIATE RELEASE 26 March 2007 WPP GROUP PLC ("WPP") KnowledgeBase Marketing acquires 51% stake in DataCore in the US WPP announces that its wholly-owned operating company KnowledgeBase Marketing, aleading database marketing solutions company, has acquired a 51% stake inDataCore Marketing Inc. ("DataCore") a specialist in combining strategicmarketing, data and fulfilment services. Founded in 1992, DataCore is based in Kansas City, Kansas and employs 119people. Clients include Bayer Environmental Science, H&R Block, Hill's PetNutrition, John Deere, Michelin and Novartis. DataCore's unaudited revenues for the year ended 31 December 2006 were US$14.85million, with gross assets at the same date of US$13.02 million. This investment continues WPP's strategy of developing its networks in fastgrowing markets and sectors. Contact:Feona McEwan, WPP +44 (0)20 7408 2204www.wpp.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
WPP