Interpublic Group has entered into a definitive agreement with Acxiom Corporation under which IPG will acquire the Acxiom Marketing Solutions (AMS) business unit in a cash transaction valued at $2.3 billion. The agreement has been approved unanimously by the boards of directors of both companies.
The deal combines IPG’s media, creative, marketing services and analytics capabilities, global scale and consumer insights, with AMS’ expertise in data management. With the acquisition, the Acxiom brand name will become part of the IPG portfolio; the transaction does not include the LiveRamp business of Acxiom Corporation.
“In a world where everything is becoming data-driven, Acxiom Marketing Solutions offers the deepest set of capabilities for helping companies navigate the complexity of creating personalized brand experiences across every consumer touchpoint,” said Michael Roth, IPG’s chairman and CEO. “Combining AMS with a range of IPG assets will help us shape the future of our industry.”
Roth noted that Acxiom “boasts 2,100 associates with data and analytics skills that are at a premium in business today. Combined with IPG’s world-class client roster, as well as our talented 50,000-person global workforce across media, advertising and marketing services, and you have an unrivaled offering. Over the last year of working closely with AMS to power our AMP data platform, we’ve seen that our cultures are a great fit, and we’ve also seen that the combination creates value for our clients, as it will for our shareholders.”
Philippe Krakowsky, IPG’s chief strategy and talent officer and chairman and CEO of IPG Mediabrands, added, “Everyone knows how valuable data is, but for most businesses it remains an under-leveraged asset. There also remains a great deal of uncertainty on how best to combine data with the creation and delivery of marketing messages. Our goal is to solve for those opportunities. While marketing and information technology are increasingly converging within client organizations, service providers remain bifurcated. With the skills and capabilities that AMS brings to our portfolio of companies, we can offer clients end-to-end solutions that we believe will change the way in which we work for brands, and accelerate the onset of outcome-driven marketing.”
Acxiom Corporation CEO Scott Howe assessed, “After careful consideration of a variety of options and potential partners, it became clear that a sale of AMS to IPG, with its scale and breadth of complementary services, represented the best possible path forward for our clients and associates.”
Dennis Self and Rick Erwin will continue to serve as co-presidents of AMS, which will remain a stand-alone division, aligned with IPG Mediabrands, reporting into Arun Kumar, chief data and marketing technology officer, IPG.
Acxiom Marketing Solutions is a leading provider of data solutions for delivering real-time customer experiences, and includes all of Acxiom’s data and data services. The company’s 2,100 employees include 1,600 data specialists, serving over 2,000 world-class clients, with access to hundreds of marketing databases, recognizing 2.2 billion connected consumers and managing over 20 billion customer records. Its capabilities allow brands, media and technology partners to harness data to improve every customer interaction, including:
Data Management Services–taking multiple marketing data and related technologies, including databases, data lakes, ad platforms, and combining them into a simple unified data layer with a complete omnichannel view of customers.
Data Strategy Services–providing clients with a prioritized roadmap for optimizing the use of data and marketing technology.
Analytics Services–delivering independent services for measuring marketing ROI, attributing impact, deepening consumer insights and predicting consumer behavior.
Audience Creation Services–creating ideal audiences through look-alike modeling, advanced scoring, custom segment creation and traditional packaged data offerings.
The transaction is anticipated to close before year-end 2018. Completion of the deal is subject to approval by Acxiom’s stockholders, as well as customary regulatory approvals.
AMS will represent approximately 8% of the combined company’s revenues, diversifying IPG’s revenue base by client and practice discipline, and adding long-term, contracted revenue streams.
The Many Hires Jeremiah Wassom As Group Creative Director
Independent agency The Many has added Jeremiah Wassom as group creative director.
Wassom most recently worked a decade at Deutsch LA where, as SVP/creative director, he led the Taco Bell account and won new business for the agency. His agency past also includes AKQA and TBWAChiatDay. His creative work has touched the QSR, video games, automotive, fashion, and culture brand sectors. He also served eight years with the United States Marine Corps.
“Throughout his career, Jeremiah has helmed work that has not only made me personally jealous but has consistently pushed brands to show up in memorable and innovative ways,” said Josh Paialii, head of creative at The Many. “One look at his body of work and you will see his passion for storytelling and craft has raised the bar for entire categories, driving participation with many brands’ most loyal fans. Beyond being a world-class creative director and maker, Wassom is a proven team player and strategic thought leader. He’ll be a great addition to the leadership team at The Many working across all accounts. His role will be immediately felt as he guides and supports each of the creative leads in the department.”
A 20-year creative with agency, brand, and freelance experience, Wassom has forged a creative approach which focuses on crafting engaging connections rather than simply make ads. He sees the need for advertising to mean more, not simply do more.
The Many believes that true business growth is made possible by harnessing the power of participation and partners with brands to forge deeper connections with consumers, cultivate trust and loyalty, and maximize marketing spend and execution. The agency is built around a flexible model that offers a suite of capabilities, including... Read More