6th Sep 2006 12:03
WPP Group PLC06 September 2006 For Immediate Release 6 September 2006 WPP GROUP PLC ("WPP") WPP acquires stake in open source product development company, Big Idea Group, in US WPP announces that it has agreed to acquire 30.1% of the fully diluted sharecapital of Big Idea Group, Inc. ("BIG"), specialists in open source productdevelopment. BIG specialises in helping companies find, develop and finance productinnovations through its open source network of 10,000 independent innovators. Founded in 2000 in New Hampshire, US, BIG's clients operate principally withconsumer packaged goods, food and beverages, personal medial and technology.Clients include Staples, General Mills, Gillette, Fortune Brands, eToys, QVC,Toys "R" Us and Sunbeam. BIG's audited revenues for the year ended 31 December 2005 were US$2.1millionwith gross assets of US$4 million on the date of investment. This investment continues WPP's strategy of developing its comprehensiveoffering to clients in fast growing markets and sectors. Contact:Feona McEwan, WPP +44 (0)20 7408 2204Kevin McCormack, WPP +1 212 632 2200 www.wpp.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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