Global marketing & communications giant WPP has acquired
70 per cent stake in Brazil-based digital agency Foster Informatica
through its operating agency Ogilvy & Mather.
financial details were not disclosed.
Brazilian agency was founded in 1993 and is based in Sao Paulo
employing 50 people. Foster's unaudited revenue for the year
ended 31 December 2011 were 5 million Brazilian real, with
gross assets of 4.1 million Brazilian real.
has been strengthening its foothold in the digital space by
making a series of acquisitions around the world. While it
recently acquired San Francisco-based digital agency AKQA
in the US, in India it acquired Hungama Digital through JWT.
on the prowl for digital deals in India, buys 51% of Hungama
Digital via JWT