14th Aug 2006 15:08
WPP Group PLC14 August 2006 For Immediate Release 14 August 2006 WPP GROUP PLC ("WPP") WPP acquires 25% stake in internet marketing firm, Visible Technologies in the US WPP announces that it has agreed to acquire 25% of the issued share capital ofVisible Technologies LLC, an internet marketing firm, and entered into an optionto acquire a further 26%. Visible Technologies specialises in providing clients with cutting edge productsand services that help brands manage their reputation on the internet, as wellas track, analyse and participate across all consumer-generated mediacommunities, such as blogs and social network sites. Founded in 2003 and based in Seattle, with offices in New York, Boston andWashington DC, Visible Technologies employs 28 people. Visible Technologies'revenues for the year ended 31 December 2005 were US$504,000, with gross assetsof US$3.5 million on the date of acquisition. This acquisition continues WPP's strategy of developing its networks in fastgrowing markets and sectors and strengthening it's capabilities in digitalmedia. 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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