10th Sep 2007 09:00
WPP Group PLC10 September 2007 FOR IMMEDIATE RELEASE 10 September 2007 WPP GROUP PLC ("WPP") WPP Digital acquires Schematic, a leading interactive design, development and technology company, in the US WPP Digital announces that it has acquired the entire issued share capital ofSchematic, a leading interactive design, development and technology company inthe US. Founded in 1999, Schematic's expertise extends to all digital platforms,including the Web, interactive television, mobile devices and digitalenvironments, and it is an industry leader in identifying and utilising emergingplatforms. The award-winning agency also has considerable experience with mediaand entertainment companies, as well as with retailers, telecommunications andtechnology companies. Clients include Coca-Cola, Comcast, CondeNast, Disney,NBC Universal, Nokia, Panasonic, SanDisk, Target, Time Warner and Turner.Schematic is based in Los Angeles, with offices in New York, Boston, Atlanta andSan Jose, Costa Rica, and employs 255 people. Schematic's revenues for the year ended 31 March 2007 were US$29.6 million, withgross assets at the same date of US$8.0 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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