Millward Brown buys InsightExpress
The purchase fits with WPP’s strategy of investing in fast-growing markets and sectors such as data and digital. It has set a target of 40-45% of revenue to be derived from digital in the next five years. WPP’s digital revenues (including associates) were in excess of $6 billion in 2013, approximately 35% of the group’s total revenues of $17.3 billion.
InsightExpress’ unaudited revenues for the period ended 31 December 2013 were $26.4 million with gross assets of $8.8 million. The company was founded in 1999 and is based in Stamford, CT; it has more than 200 clients including NBCUniversal, Google, Netflix, Hulu and Microsoft.
Millward Brown, is part of WPP’s data investment management division, Kantar.
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