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WPP's Grey acquires US-based mobile app developer ArcTouch

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MUMBAI: WPP’s wholly-owned operating company Grey has acquired ArcTouch, Inc - a full-service mobile app development company in the United States.

ArcTouch's gross revenues were approximately $14 million as of 31 December, 2015. The company employs 97 people and is based in San Francisco with an office in Florianopolis, Brazil. It was founded in 2008.

ArcTouch's developers, designers and mobile strategists transform ideas into engaging apps for telephones, tablets, wearable devices, televisions, homes and cars. The company has completed over 250 projects for Fortune 500 companies, leading consumer brands, innovative startups, media and entertainment companies and world-class marketing and design agencies.

This acquisition continues WPP's strategy of investing in important markets and fast growing sectors such as mobile and digital. WPP's digital revenues were $6.9 billion in 2014, representing 36 per cent of the Group's total revenues of $19 billion. WPP has set a target of 40-45 per cent of revenue to be derived from digital in the next five years.

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