JWT to acquire majority stake in Hungama Digital
15 June, 2012
Global marketing communications agency JWT has agreed to acquire a majority stake in Hungama Digital Services, India's leading digital agency, a move that significantly adds to JWT‟s digital offerings in this critical, high-growth market.
India overtook Indonesia as the second-largest Facebook nation in the world in February this year, and digital advertising expenditure is rising sharply as companies strive to connect with Indian consumers through social media and online. Digital ad spend in India will grow by 35% this year, according to GroupM.
Hungama Digital Services, the award-winning digital and promotions marketing unit of Hungama Digital Media Entertainment Pvt. Ltd., has pioneered India's fast-changing digital marketing landscape over the last 13 years. Its service offering includes strategic planning, digital and social media marketing, mobile marketing, web design, as well as activation, merchandising and events. The company employs 120 people across six cities in India.
“With JWT, we are now part of the largest advertising network in the world. JWT Hungama is the coming together of two exceptional teams in a globally relevant market,” said Neeraj Roy, MD and CEO, Hungama Digital Media Entertainment Pvt. Ltd. “India is at the cusp of a digital revolution with the advent of 500+ million consumers getting online in the next three to four years. With this partnership with JWT we hope to offer integrated digital and experiential services to our clients and prepare brands to connect, interact and now transact with their customers.”
JWT India has invested heavily to build out its digital expertise in the last few years. This latest acquisition firmly positions JWT India as a digital thought-leader with strong delivery capability in digital ideation, production, and social media.
“Digital is our next new frontier. The idea of the partnership is to build a digital offering for our clients so we can live up to being a 'single source' partner across all their 'marketing solutions' needs,” said Colvyn Harris, CEO of JWT India.
JWT Asia Pacific has moved aggressively into the digital space across the region over the last year. Most recently XM Asia, a JWT company, agreed to acquire Magnivate, Indonesia's leading digital agency.
“We have greatly expanded our digital capability across the region, and we are not standing still. JWT will continue to hire new digital experts and explore possible acquisitions across the region this year,” said Michael Maedel, President, JWT Asia Pacific About JWT APAC
JWT opened their first offices in Asia Pacific in 1929. JWT APAC, headquartered in Singapore, today has more than 3,000 employees spread across 18 countries.
Not only are we recognized as one of the largest and most experienced agencies in APAC, but also one of the most creative. In 2011, we captured Mainland China‟s first Cannes Grand Prix Lion and first Grand LIA at the London International Awards. We were also named the number 3 Network Agency of the Year at Spikes Asia. Our long history of firsts continues with Lo Sheung Yan, China Chairman and Northeast Asia ECD, being appointed as Cannes Lions first ever Jury President from China.
In addition to working with JWT's prestigious multinational clients, JWT APAC works with some of Asia's largest brands including Haier, Indosat, Bharti Airtel and Korea Ginseng & Tobacco. About JWT
JWT is the world's best-known marketing communications brand. Headquartered in New York, JWT is a true global network with more than 200 offices in over 90 countries employing nearly 10,000 marketing professionals. JWT consistently ranks among the top agency networks in the world and continues a dominant presence in the industry by staying on the leading edge—from producing the first-ever TV commercial in 1939 to today, developing award-winning branded content for brands such as Johnson & Johnson, Diageo's Smirnoff, Macy's, Ford and HSBC.
JWT embraces a “worldmade” philosophy, making things inspired by the world through blending technological innovation with international imagination. JWT has forged deep relationships with clients including Bayer, Bloomberg, Brand USA, Cadbury, Diageo, DTC, Ford, HSBC, Johnson & Johnson, Kellogg's, Kimberly-Clark, Kraft, Nestlé, Nokia, Rolex, Royal Caribbean, Schick, Shell, Unilever, Vodafone and many others. JWT's parent company is WPP (NASDAQ: WPPGY). For more information, please visit www.jwt.com
and follow us @JWT_Worldwide
Asia Pacific Director of Corporate Communications
+65 6880-5134 email@example.com