Interpublic Group (NYSE: IPG) has completed its acquisition of Acxiom LLC (formerly known as Acxiom Marketing Solutions), which will operate as a stand-alone unit within IPG. The deal brings together IPG’s media, creative, marketing services and analytics capabilities, global scale and consumer insights, with Acxiom’s unrivalled expertise in identity, data, integrations and data stewardship. With the acquisition, the Acxiom brand name will become part of the IPG portfolio; the transaction does not include the LiveRamp business.
Acxiom will continue to offer the broadest set of data and services in the industry for helping brands, their agencies and their technology partners navigate the complexity of creating exceptional experiences across every consumer touchpoint.
“With this transaction, we will add a foundational, world-class data asset, covering two-thirds of the global population, to our capabilities. This is a transformational step for IPG that will benefit our clients,” commented Michael Roth, Chairman and CEO of Interpublic Group.
“Having the ability to leverage data at scale enables us to develop deeper relationships in the marketplace, and to do so by bringing together two companies with cultures that are highly aligned when it comes to our approach to high standards of transparency and respect for the consumer,” added Mr Roth.
“By adding Acxiom to our offerings, we are positioning our company for a future in which data-driven marketing solutions will be increasingly core to brands’ success. Together, we can go to market as a trusted, high-value partner that will deliver on the promise of combining data management and marketing services to drive measurable business outcomes,” commented Philippe Krakowsky, who is IPG’s Chief Strategy and Talent Officer, as well as Chairman and CEO of IPG Mediabrands.
This combination will deliver significant opportunities and benefits for brands and CMOs:
• The tools to break down data silos, activating data across both digital and offline channels
• Unmatched outcome-driven services delivering targeted brand experiences that integrate disparate channels, advertising and marketing technologies, and data across the customer journey
• The ability to manage 1st, 2nd and 3rd party data at scale using a comprehensive suite of offerings including data strategy and management, audience creation, performance media, planning and buying, personalized messaging, and analytics
With this acquisition, IPG and Acxiom together will be able to provide a service to clients that unifies information security and first-party data management with marketing solutions.
Acxiom will remain a stand-alone division within IPG, reporting into Arun Kumar, Chief Data and Marketing Technology Officer, IPG. Acxiom will remain headquartered in Conway, Arkansas.
Interpublic completed the offering of $2.0 billion aggregate principal amount of senior notes, as announced on September 21, 2018, in order to finance the Acxiom acquisition. IPG will begin consolidating financial results effective October 1, 2018.
IPG expects the acquisition to provide significant financial benefits, including an acceleration in incremental revenue and earnings opportunities across a range of data-driven marketing solutions. Acxiom, which represents approximately eight per cent of the combined IPG revenues, diversifies IPG’s revenue base by client and practice discipline, and adding long-term, contracted revenue streams.