22nd Jan 2008 07:00
WPP Group PLC22 January 2008 FOR IMMEDIATE RELEASE 22 January 2008 WPP GROUP PLC ("WPP") Wunderman acquires leading Asian digital agency, AGENDA Group (Asia) Limited WPP announces that its wholly-owned operating company Wunderman, the globalrelationship marketing network, has agreed to acquire AGENDA Group (Asia)Limited ("AGENDA"), one of Asia's leading eBusiness consulting and professionalservices firms. Founded in 1996, AGENDA provides a full range of technology and digitalmarketing solutions including integrated portals, digital marketing solutions,eCRM, and enterprise application integration. It employs 260 people and is basedin Hong Kong, with offices in Beijing, Shanghai, Malaysia and Taiwan. Clientsinclude Johnson & Johnson, Pepsi, HSBC, Carrefour and DHL. Commenting on the deal, WPP CEO, Sir Martin Sorrell said: "We're delighted towelcome AGENDA to the WPP Group and Wunderman. They represent an Asian digitaljewel, much coveted by our competitors. Together we will further distanceourselves from our competition by focussing on adding to our Asian and digitalcapabilities, bang in line with our strategy." AGENDA's unaudited revenues for the year ended 30 June 2007 were US$9.2 million,with gross assets at the same date of US$6.2 million. This investment continues WPP's strategy of developing its networks in fastgrowing markets and sectors and strengthening its capabilities in digital media. Contact:Feona McEwan, WPP T. +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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