30th Jan 2007 09:19
WPP Group PLC30 January 2007 FOR IMMEDIATE RELEASE 30 January 2007 WPP GROUP PLC ("WPP") WPP acquires stake in JumpTap, the mobile search and advertising company in US WPP announces that WPP Digital has acquired 2.5% of the issued share capital ofJumpTap, Inc. ("JumpTap"), a leading mobile search and advertising company. Founded in 2004, JumpTap is based in Cambridge, Massachusetts with offices inLondon, Paris and Tel Aviv and employs 89 people. Clients include AlltelWireless and Virgin Mobile USA. JumpTap's gross assets at the date of investmentwere US$3million. This investment continues WPP's strategy of developing its networks in fastgrowing markets and sectors and strengthening its capabilities in digital media.It follows recent investments by WPP Digital in Spot Runner (the first internetadvertising agency), LiveWorld (creator of online customer communities), VisibleTechnologies (which helps brands manage their internet reputations) and WildTangent (an online game publisher with in-and around-game advertisingcapabilities). 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:
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