SapientNitro – SAPE – Acquisition of iThink
NASDAQ: SAPE), announced its acquisition of 81-percent of iThink, a leading independent digital agency in Brazil, led by Marcelo Tripoli. Tripoli was cited as the most prominent digital professional by Brazil’s top advertisers in a 2011 Advisors Group Digital Scope survey.
The move into Brazil marks the expansion of SapientNitro into the Latin American market, strategically rounding out the agency’s global footprint to include all of the BRIC countries, and expanding its ability to help clients around the world advance in the age of the connected consumer.
Latin America is a strategic and rapidly evolving market for SapientNitro and its clients. Expansion into this region is in response to client demand for SapientNitro’s unique combination of brand, digital and commerce service offerings in the market, particularly as global marketers gear up for Brazil’s hosting of the 2014 FIFA World Cup and 2016 Olympics.
Sao Paulo-based iThink, founded in 2002, was a digital pioneer and has since grown into one of the largest independent, digital agencies in the country. The agency’s work is noted for its innovative strategies and world-class creative for some of the world’s best-known brands. iThink’s team services a multi-national client base that includes Castrol, Johnson & Johnson, Kraft, Google, and Samsung.
“As the changing consumer continues to disrupt the way companies and brands interact with their consumers, we see more and more clients looking for better ROI and more innovative experiences around brand, digital and commerce that can be leveraged globally,” said Alan J. Herrick, president and CEO of Sapient. “Our move into Latin America with the addition of iThink as one brand, one culture and one P&L, furthers our role as a new breed of agency unlike any other in both capability and global footprint.”
Already ranked by Ad Age as the largest US agency (#3 worldwide) by digital revenue1, SapientNitro expands its global footprint to 31 cities across North America, Europe, Asia-Pacific and Latin America with the addition of iThink. The move into Sao Paolo also further extends the company’s ability to help clients leverage their digital assets across strategic markets in every part of the world.
About iThink
iThink is the biggest independent agency with a digital DNA in Brazil. The 10-year old agency’s mission is to help customers achieve results using strategic content, services and entertainment with interactive platforms. Led by CEO Marcelo Tripoli, iThink has more than 60 people. Its biggest clients include Johnson & Johnson, Castrol, Nestlé, Vivo/Telefônica, PepsiCo, Kraft, Google, Skol, Boehringer and Disney.
About SapientNitro
SapientNitroSM, part of Sapient® (SAPE), is a new breed of agency redefining storytelling for an always-on world. We’re changing the way our clients engage today’s connected consumers by uniquely creating never-ending stories across brand communications, digital engagement, and omni-channel commerce. We call it Storyscaping, where art and imagination meet the power and scale of systems thinking.
About Sapient Corporation – SAPE
Sapient Corporation (SAPE) is a global services company, which helps clients leverage marketing and technology to transform their businesses. SAPE operates in three business units: SapientNitro, Sapient Global Markets and Sapient Government Services.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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