Published: July 17, 2011
Publicis Groupe Takes Majority Stake in Social Agency Big Fuel
PARIS, July 18, 2011 /PRNewswire/ --
Publicis Groupe [Euronext Paris: FR0000130577] today announced that it
has acquired an equity stake in Big Fuel, the New York-based social media
agency. According to the terms of the agreement, Publicis Groupe immediately
acquires 51% of the new agency, and has the possibility of increasing its
participation to 100% from 2014. Big Fuel will be aligned under the VivaKi
organization and serve as a strategic social media "center" for the VivaKi
agencies Digitas, Razorfish, Starcom MediaVest Group and Zenith Optimedia,
complementing their existing teams.
With more than 170 employees, Big Fuel is one of the only pure-play
social media agencies in the industry, with all employees dedicated to
providing clients with social media services including strategic, creative,
distribution, management and analytics. The company has grown from 30
employees in early 2010, and its 2011 revenue is expected to reach nearly
$30M, a 500% increase year-on-year. It has been named social media agency of
record for some major marketers, including GM and T-Mobile. Big Fuel also
works with Colgate-Palmolive, Microsoft, Clorox, Children's Place, Gore-Tex
and Philips.
Big Fuel is headed by Jon Bond, CEO, who assumed the role in January of
2011. Bond runs the agency in partnership with Avi Savar, founding partner
and Chief Creative Officer, and Mike McGraw, managing partner and COO. Big
Fuel will report into the VivaKi organization through Laura Lang, global CEO
of Digitas and member of the VivaKi Board of Directors.
"Big Fuel is a dynamic social media agency with a scalable model that
encompasses social tools, process, a content studio and a distribution
network. As a result, it will extend the creative and content resourcing of
Digitas and Razorfish,"said Laura Lang. "They specialize in taking brands
from content to commerce, and their social media operating system has earned
them Social AOR status with some of the world's most powerful marketers.
Sitting inside VivaKi, with its powerful media and digital agency networks,
Big Fuel gives us unprecedented Paid, Owned and Earned capabilities, further
enhancing the social media strategies of its sister agencies."
Jon Bond, CEO of Big Fuel, says the deal will help support Big Fuel's
rapid organic growth. "Big Fuel's founder Avi Savar had the vision to create
one of the first full-service social media agencies," said Bond. "Now that
social is revolutionizing global marketing, this partnership gives the
agency and its clients scale, impact, and a network around the world."
According to Research company eMarketer, worldwide spending on social
networks will reach almost $6 billion this year, amounting to $3.1 billion
in the US and $2.9 billion in international markets.
About Publicis Groupe:
Publicis Groupe [listed on the Euronext Paris Exchange - FR0000130577 -
and part of the CAC 40 index] is the world's third largest communications
group. With activities spanning 104 countries, Publicis Groupe employs
approximately 50,000 professionals and offers local and international
clients a complete range of advertising services through three global
networks: Leo Burnett, Publicis, Saatchi & Saatchi, and numerous agencies
including Fallon, 49%-owned Bartle Bogle Hegarty, and Kaplan Thaler Group.
VivaKi combines digital and media expertise, allowing clients to connect
with consumers in a holistic way, with Starcom MediaVest Group and
ZenithOptimedia worldwide media networks; and interactive and digital
marketing led by Digitas and Razorfish networks.Rosetta is an autonomous
consulting and digital marketing agency. Publicis Groupe offers healthcare
communications with Publicis Healthcare Communications Group (PHCG, the
first global network in healthcare communications). And with MSLGROUP, one
of the world's top five PR and Events networks, also provides expertise in
corporate and financial communications, public affairs, branding, and social
media marketing.
Website: http://www.publicisgroupe.com | Twitter: @PublicisGroupe |
Facebook: http://www.facebook.com/publicisgroupe
About Big Fuel:
Big Fuel is a social media agency based in New York. It takes brands
from Content to Commerce, a unique approach that bridges "people stories" to
"product stories" through social media and branded content. Big Fuel is one
part marketing agency, building brands through consumer insight; one part
entertainment company, creating content that people love; and one part
distribution company, driving guaranteed results by delivering content to
and growing targeted audiences. The company works with major brands, leading
agencies, publishers and platforms to help marketers achieve true consumer
engagement. Visit Big Fuel at http://www.bigfuel.com.
CONTACTS
Publicis Groupe
Peggy Nahmany, Corporate Communications +33(0)1-44-43-72-83
Martine Hue, Investor Relations +33(0)1-44-43-65-00
Big Fuel
Christine Perez-O'Rourke +1-212-966-9525
Digitas
Jill Kelly, Global Communications +1-646-735-7330
VivaKi
Cheri Carpenter, Global Communications +1-312-220-6218
SOURCE Publicis Groupe
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