13th Dec 2007 09:30
WPP Group PLC13 December 2007 FOR IMMEDIATE RELEASE 13 December 2007 WPP GROUP PLC ("WPP") WPP acquires stake in INVIDI Technologies Corporation WPP announces that its wholly owned operating company GroupM, has acquired aminority stake in INVIDI Technologies Corporation ("INVIDI") a leading providerof targeted media solutions, building smart addressable advertising systems forcable and satellite operators. INVIDI has offices in Princeton, New Jersey in the United States and inEdmonton, Alberta in Canada and employs 35 people. INVIDI'S gross assets at thedate of the investment were US$27million. WPP joins existing investors MenloVentures, EnerTech Capital, the Business Development Bank of Canada, InterWestPartners and Westbury Partners. This investment continues WPP's established strategy of investing in moretargetted and measurable forms of advertising. 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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