Electronic promoting and manufacturer company REQ announced that it has acquired World-wide-web Advertising Inc. (IMI), a San Diego-dependent functionality promoting agency, for an undisclosed sum.
Big news! Today we’re energized to announce that REQ has acquired @imarketinginc for coastline-to-coast excellence in electronic marketing and advertising. Their team of effectiveness entrepreneurs will grow our group of digital professionals as we continue on to Personal What is Up coming. Master a lot more: https://t.co/H0mVjUwj2G pic.twitter.com/1M66QSDull
— REQ (@REQ_co) August 20, 2019
Established in D.C. in 2008, REQ gives a suite of electronic services for global firms and leaders in tech, actual estate, entertainment, government, hospitality, retail and finance. Some of the agency’s D.C.-centered tech and startup clients include things like LifeCents, Savi, Vantage Details Centers, GlyphEd and Monkton, REQ EVP of General public Relations Lisa Throckmorton informed Complex.ly. Domestically, REQ has also represented Sweetgreen, Chopt, and CAVA in the previous.
With this acquisition, REQ will increase IMI’s organization functionality marketing, earned media and social media abilities to its portfolio, a press launch states. This acquisition provides REQ to 120 workers throughout places of work in Tysons, New York, San Diego, Las Vegas, San Francisco, Boston and its D.C. headquarters.
REQ studies that this move will result in an once-a-year profits of $50 million, and Throckmorton mentioned IMI will now retain the REQ name.
“With expanded resources and coastline-to-coast footprint, the blended firm will deliver a new stage of innovation, scale, and creativeness to our customers, supplying us worldwide arrive at with regional expertise,” said REQ CEO and founder Tripp Donnelly in a assertion. “We know the IMI group, platform, and expertise will be a fantastic complement to our suite of solutions and our culture.”
IMI was also launched in 2008 and has targeted on delivering information-pushed marketing and advertising capabilities for medium- and significant-sized corporations all around the planet, in accordance to the release. The blended company’s has partnerships with notable firms these types of as Google, Facebook, Amazon, HubSpot, Twitter and Shopify.
Washington Business Journal described that the acquisition deal officially closed on Aug. 12.
IMI CEO Jason Brigham will changeover to govt VP of West Coast operations, although IMI president Justin Cohen will provide as government VP in the Las Vegas workplace. REQ’s headquarters will continue to be in the District, Throckmorton mentioned.
“We are proud of the crew we have designed and the clientele we serve,” Bringham mentioned in a statement. “We glimpse ahead to producing and seizing new industry prospects with the expertise and capability in this exceptional blend.”
This acquisition will come much less than a year just after REQ acquired strategic communications and tech public relations agency SpeakerBox in January.