Dentsu Aegis Network has signed a definitive agreement to acquire Valuklik, a digital performance marketing company in Indonesia, to be merged with iProspect in the country. Post-acquisition, Valuklik will be rebranded as iProspect Valuklik, adding significant scale to the network’s capabilities and to be established as the market leader in performance in the high growth market.
Established in 2012, Valuklik focuses on delivering data driven performance marketing solution, large scale enterprise level SEO, digital transformation and data & analytics. The agency delivers digital marketing services across all digital media channels – search, social media, programmatic media and performance content. Valuklik is a Google Premier Partner and a Facebook Agency Partner, with more than 20 certified individuals.
Based in Jakarta, Valuklik has over 55 professionals with clients across sectors such as travel, telecom, media, e-commerce, insurance and FMCG.
Valuklik’s subsidiary – Pinnacle, a specialised unit for analytics will also be joining iProspect and be rebranded as iProspect Pinnacle.
Following the acquisition, Founder of Valuklik, Cleosent Randing, as Chairman and Rahul Nambiar as CEO of iProspect Valuklik, will oversee the growth and operations of merged business. Both of them will report to SK Biswas, CEO Dentsu Aegis Network Indonesia, and join the leadership team of Dentsu Aegis Network Indonesia. The other shareholders, East Ventures and John Marco Rasjid exited the investment and divested their shares in Valuklik.
Dick van Motman, CEO of Dentsu Aegis Network Southeast Asia, said, “Indonesia being the fourth most populous country in the world and the number one powerhouse economy of Southeast Asia, remains a priority for us going forward. With excellent medium and long term growth prospects – particularly in digital advertising, we continue our journey there to be sufficiently scaled and substantially differentiated in this market. Valuklik brings with it strong capabilities in performance marketing and search, as well as the needed scale that is paramount to accelerating our business. The acquisition of Valuklik ticks all these boxes and is a natural progression after the acquisition of Dwi Sapta, furthering our digital performance offering and management bench through the talented team there.”
“The acquisition of Valuklik will enable iProspect to deliver truly transformative business outcomes for brands in one of the most disruptive markets in Southeast Asia. This acquisition is critical in cementing our position in Indonesia and we have found the optimal partner in Cleo, Rahul and their team,” added Joanna Catalano, CEO of iProspect Asia Pacific.
Mr Biswas said, “Valuklik is one of the largest performance marketing agencies in the country. Its strong leadership talent and profile in the digital domain, comprising of highly-regarded digital leaders, is able to provide the right business pillars of client development and strong capability. Its specialist digital capabilities in search and performance media favourably complements Dwi Sapta’s creative and media capabilities, and enhances our full spectrum offering to build deeper client relationships to drive further growth for Dentsu Aegis Network Indonesia.”
Mr Randing said, “We built the company organically by being obsessed about our people and clients to become one of the leading performance marketing company in Indonesia. For five years, we have amassed work and partnership that we’re extremely proud of. It has been an incredible journey from the start, and we are all very excited about the next chapter for iProspect Valuklik. Our partnership will power the next level of opportunities for iProspect Valuklik by delivering innovation and performance at a new scale to our clients.”
The deal is subject to regulatory approvals and is anticipated to close by February 2018.